Ondo, in partnership with LayerZero, launches a cross-chain securities bridge supporting Ethereum and BNB Chain.
TL;DR
Ondo and LayerZero launched the 'Ondo Bridge' for 1:1 cross-chain transfers of over 100 stocks and ETFs between Ethereum and BNB Chain, using a unified architecture to enable quick access for over 2600 applications. It's claimed as the largest cross-chain bridge for tokenized securities, with potential expansion to more EVM chains soon.
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PANews reported on December 18th that, according to the official Ondo blog, Ondo and LayerZero have launched the " Ondo Bridge , " supporting 1:1 cross-chain transfers of over 100 listed Ondo stocks and ETFs between Ethereum and BNB Chain , with the possibility of expansion to more EVM chains within weeks . This bridge uses a unified architecture instead of separate bridges for each asset, allowing over 2600 applications integrated with LayerZero to quickly access Ondo Global Markets assets; Stargate already supports this. Ondo claims it is currently the largest cross-chain bridge for "tokenized securities." Previously, Ondo Global Markets had accumulated a TVL of over $350 million and a trading volume of approximately $2 billion on Ethereum and BNB Chain .