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Ondo Finance and LayerZero Collaborate for Cross-Chain Transfers

Ondo Finance and LayerZero have officially unveiled a groundbreaking bridge that facilitates cross-chain transfers of tokenized stocks and exchange-traded funds (ETFs) between Ethereum and BNB Chain. This new development marks a pivotal moment in enhancing blockchain interoperability.

Summary of Key Features

• Introduction of the Bridge: Ondo Finance and LayerZero have launched a bridge that supports the cross-chain transfer of tokenized stocks and ETFs, aiming to simplify the exchange process between these two major blockchain networks.

• Asset Support: The bridge initially supports over 100 different assets, seamlessly allowing transfers between Ethereum and BNB Chain.

• Future Expansion Plans: Ondo Finance has ambitious plans to widen the reach of its bridge by incorporating additional Ethereum Virtual Machine (EVM)-compatible networks moving forward.

Enhancing Tokenized Securities Movement

Ondo Finance has introduced a state-of-the-art cross-chain tool specifically designed to revolutionize the transfer of tokenized securities across various blockchain networks. This innovative bridge was announced on December 17, highlighting a collaboration with LayerZero, a leading provider of cross-chain interoperability solutions.

Cross-Chain Transfers for Tokenized Stocks and ETFs

The newly launched Ondo Bridge enables users to transfer a wide array of tokenized stocks and exchange-traded funds easily between Ethereum and BNB Chain. With more than 100 tokenized assets supported from the outset, the bridge sets a new standard for ease of use and accessibility. Furthermore, Ondo anticipates including other EVM-compatible networks in the near future, thereby increasing options for investors and users.

One-to-One Parity Assurance

The bridge offers users a unique feature that maintains a one-to-one parity for Ondo Global Market assets across chains. This means that as tokens move between networks, they remain fully backed—ensuring security and reliability. This innovative system replaces Ondo’s previous approach, which relied on individual bridge contracts for each asset and chain.

Since its launch on Ethereum in September, followed by its expansion to BNB Chain in October, Ondo Global Markets has witnessed impressive growth. The platform has already surpassed $350 million in total value locked (TVL) and over $2 billion in cumulative trading volume.

Built on Robust LayerZero Infrastructure

The technology behind the bridge utilizes LayerZero’s sophisticated messaging framework, allowing Ondo to manage cross-chain transfers through a single cohesive architecture rather than multiple asset-specific bridges. Ondo emphasizes that this setup drastically streamlines the deployment of its tokenized securities onto new chains—transforming the time frame from months to a matter of weeks.

Enhanced Compatibility with Existing Applications

Because the bridge leverages LayerZero, any applications already linked to that network can integrate Ondo assets with minimal additional effort required. Currently, more than 2,600 applications support this standard across Ethereum and BNB Chain, streamlining the process for users. Notably, Stargate has already incorporated Ondo assets shortly after the bridge’s launch.

Ondo is proud to assert that this bridge is the largest live bridge dedicated to tokenized securities based on the number of supported assets available at launch. The company remains focused on expanding its offerings within the tokenized finance space, including a recent announcement of a private tokenized money market fund developed in collaboration with State Street and Galaxy Digital.

Regulatory Milestones

Earlier this month, the U.S. Securities and Exchange Commission concluded its investigation into Ondo Finance, alleviating regulatory concerns as the company continues to forge ahead into compliant on-chain securities.

How AI legalese decoder Can Help

Navigating the complexities of legal documents related to tokenized securities and cross-chain transactions can be overwhelming for both investors and companies. The AI legalese decoder can assist by providing clear, plain-language translations of legal jargon. This innovative tool can help users better understand the terms and conditions associated with Ondo Finance’s offerings, as well as ensure compliance with regulatory requirements. By demystifying complex legal language, the AI legalese decoder empowers users to make informed decisions and navigate the evolving landscape of blockchain finance with confidence.

In summary, Ondo Finance and LayerZero are on a transformative path as they launch this revolutionary bridge, and tools like AI legalese decoder can profoundly enhance user understanding and regulatory compliance in this rapidly evolving environment.

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