Layer Zero Collaboration, Connecting Ethereum and BNB Chains... 1:1 Asset Valuation Enables Transfers Without Loss of Value
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The Ondo Cross-Chain Bridge is an on-chain securities infrastructure that supports the cross-chain transfer of over 100 stock tokens and exchange-traded fund (ETF) tokens. Currently available on Ethereum and BNB Chain, the service plans to rapidly expand to Ethereum Virtual Machine (EVM)-compatible chains in the future.
This bridge was built in collaboration with LayerZero, a cross-chain interoperability protocol. Security is provided by a decentralized verification node network (DVN), including the Canary Protocol, and applications are implemented via Stargate.
Building on Layer Zero and applying a decentralized security network
The most significant feature of the Temperature Cross-Chain Bridge is that it is built on a proven cross-chain infrastructure.
Layer Zero is a cross-chain interoperability protocol that enables message transmission and asset transfer between different blockchains. It is a proven technology already adopted by numerous major projects.
From a security perspective, the bridge's security is ensured by a decentralized verification node network (DVN), including the Canary Protocol. The DVN secures both security and decentralization by verifying transactions through a distributed network of nodes rather than a single centralized validator.
Additionally, with applications being implemented through Stargate, an environment has been created where decentralized applications (DApps) on Ethereum and BNB chains can easily integrate Ondo's stock tokens and ETF tokens.
1:1 asset valuation method, cross-chain transfer without loss of value
The Ondo Cross-Chain Bridge supports the cross-chain transfer of Ondo stock tokens and ETF tokens using a 1:1 asset parity. This means that token value remains constant even when moving between chains, allowing users to freely transfer tokens between chains without any significant loss of value.
Currently, over 100 stock tokens and ETF tokens are supported, providing what is considered the broadest asset coverage in the on-chain securities market.
It is specifically designed to allow applications on Ethereum and BNB chains to easily add support for temperature assets, and is structured to enable rapid expansion to EVM-compatible chains in the future.
Ondo Finance stated that "the Ondo Cross-Chain Bridge will significantly enhance the liquidity and accessibility of on-chain securities," and that "by creating an environment where Ondo's securities tokens can be utilized across various chains, it will accelerate the growth of the RWA market."
A leading RWA market player evolves into a multi-chain hub.
Ondo Finance is a leading project in the real asset tokenization (RWA) field. In particular, it issues various securities tokens, including USDY (Ondo US Dollar Yield), a tokenized product based on U.S. Treasury bonds, establishing itself as a core infrastructure linking traditional financial assets to blockchain.
Temperature has already focused on expanding its on-chain financial ecosystem by partnering with major DeFi protocols and layer-2 blockchains, including Mantle Network and Aave.
Ondo Finance stated, "Existing on-chain securities were limited to a single chain, leading to liquidity dispersion and accessibility limitations." They added, "The Ondo Cross-Chain Bridge is significant in that it resolves these limitations and provides infrastructure that allows securities tokens to move freely in a multi-chain environment."
With the launch of this cross-chain bridge, Ondo Finance expects to further enhance the liquidity and usability of on-chain securities, solidifying its position as a core infrastructure linking traditional and on-chain finance.
Joohoon Choi joohoon@blockstreet.co.kr
