Ondo Finance Expands into Sui Ecosystem, Bringing Native Access to Tokenized Assets
Ondo Finance is expanding into the Sui ecosystem, bringing with it a new native dollar-denominated token called Ondo USD Yield (USDY). This token is backed by US treasuries and is interest-bearing, making it the first of its kind on the Sui Network. Ondo Finance is the third-largest platform to bring tokenized derivatives of real-world assets onto public blockchains, with over $185 million in TVL and $1 billion worth of its newly-launched governance token trading in its first week in late January. The integration of Ondo's tokenized assets, including stablecoins, tokenized securities, and real-world assets, will create new opportunities for teams building on Sui.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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