TechFlow news, May 9 — Lorenzo announced a strategic upgrade, clearly positioning itself as an institutional-focused on-chain asset management platform. It will focus on tokenizing CeFi financial products and deeply integrating with DeFi to drive sustainable real yield expansion.
As part of this upgrade, Lorenzo has launched the OTF (On-chain Traded Fund), which packages abstracted strategies into yield-bearing assets, greatly simplifying user access to various on-chain financial strategies.
Meanwhile, its core platform system—the Financial Abstraction Layer—will support flexible integration of yield products by Neobanks, PayFi, wallets, and RWAFi platforms via an on-chain fundraising, off-chain execution, and on-chain settlement framework.
Currently, Lorenzo is connected to over 20 public blockchains and more than 30 DeFi protocols, providing on-chain yield services for over $600 million worth of BTC. In mid-April, it completed an IDO of its $BANK token on Binance Wallet, achieving 18,329% oversubscription.
In addition, Lorenzo unveiled a new roadmap and announced Plume Network as its first partner. The two parties will collaborate closely around this new direction, enabling real-yield products to expand into more use cases, with further partnerships to be disclosed in due course.
