Ondo Finance has announced the launch of the industry's first institutional-grade bridge that connects Solana with major EVM chains such as Ethereum and Arbitrum. This event opens a new era for tokenized assets and simplifies liquidity access for users.
Bridge Between Solana and EVM Chains
The launch of the bridge by Ondo Finance allows users to move assets seamlessly between Solana and EVM ecosystems without the risks and difficulties associated with traditional bridges. This innovation is supported by LayerZero's infrastructure and Ondo's Decentralized Verifier Network (DVN).
Benefits for USDY Users
USDY, existing within Solana's ecosystem, will become fully mobile thanks to the new bridge. Users will be able to transfer their USDY instantly without needing to create liquidity pools or use over-collateralized reserves. This solution eliminates issues with slippage and third-party counterparty risks.
Tokenized Asset Market and Ondo Finance's Future
The tokenized asset market is rapidly growing, and Ondo Finance is leading the charge with its innovative products. According to Galaxy Digital, the tokenized asset market could grow to $16 trillion by 2030. With the launch of the bridge, USDY gains a competitive edge, enhancing its position alongside stablecoins in areas like lending and trading.
Thus, the bridge by Ondo Finance not only simplifies asset movement but also reshapes the rules of the game in the crypto economy, opening new horizons for tokenized assets.
