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TechFlow news: Ondo Finance, a tokenized financial products platform, has partnered with the general interoperability platform Axelar Network to launch the Ondo Bridge. This bridge will enable the issuance of native tokens on blockchain networks supported by Axelar, including Ondo's USDY.
USDY is a tokenized note offered by Ondo, backed by short-term U.S. Treasury bills and bank demand deposits.
Ondo Finance, a tokenized financial products platform, has partnered with cross-chain interoperability platform Axelar Network to launch the Ondo Bridge, enabling the issuance of native tokens on blockchain networks supported by Axelar, including Ondo's USDY. USDY is a tokenized yield-bearing instrument backed by short-term U.S. Treasury bills and bank demand deposits.
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