Ondo Finance has announced the launch of a new bridge connecting the Solana network with leading EVM ecosystems, including Ethereum and Arbitrum, thereby providing a new level of access to decentralized finance (DeFi) opportunities.
Launch of Ondo Finance Bridge
Ondo Finance has announced the rollout of its new bridging solution that connects Solana with leading EVM ecosystems. The development includes the creation of a dedicated Decentralized Verifier Network (DVN), designed to meet institutional investor standards while minimizing trust requirements.
Enhanced Security Through Proprietary Technology
The cornerstone of the bridge expansion is Ondo's proprietary DVN, which independently verifies each transaction when moving USDY between chains. This ensures supply integrity and eliminates single points of failure, significantly enhancing security.
Future of Real Asset Integration
With the launch of the bridge, Solana users will gain access to liquidity and investment opportunities across multiple ecosystems, making USDY more attractive as a settlement asset. Ondo also plans to introduce functionality for real-world assets, such as treasuries and equities.
The expansion of Ondo Finance’s bridge may serve as a significant step towards the integration of Solana into the global DeFi ecosystem, opening new horizons for users and investors.
