Ondo Finance Launches Cross-Chain Bridge for On-Chain Securities
According to Ondo Finance, the Ondo Bridge enables secure 1:1 cross-chain transfers of tokenized stocks and ETFs between Ethereum and BNB Chain, supporting over 2,600 applications and $350M+ TVL.
Ondo Finance, in partnership with LayerZero, announced the official launch of the Ondo Bridge, enabling 1:1 cross-chain transfers of more than 100 tokenized stocks and ETFs between Ethereum and BNB Chain. The bridge supports Stargate and over 2,600 applications, with Ondo Global Markets reporting over $350 million in total value locked and nearly $2 billion in trading volume. The integration uses LayerZero’s cross-chain messaging protocol for secure asset movement and aims to expand tokenized securities settlement across additional EVM-compatible blockchains.
- Cross-Chain Bridge: A blockchain system enabling asset transfers between different networks.
- LayerZero: A cross-chain messaging protocol allowing communication between different blockchains.
- EVM-Compatible Chains: Blockchains that can run Ethereum Virtual Machine-based smart contracts.