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Leading blockchain platform Injective has announced the official integration of OndoFinance, marking a significant expansion of its Real World Asset (RWA) institutional offerings. This integration, effective immediately, introduces an innovative tokenized treasury instrument, USDY, into the ecosystem. Integration leads to several key events. USDY is now available for use in applications built on Injective, a move that is expected to improve capital efficiency on the network.
Additionally, tokenized treasury offerings will now be built into their decentralized applications (dApps), including decentralized exchanges and money market platforms. This partnership represents Injective’s latest effort in its ongoing mission to tokenize traditional finance on the network. The platform has been at the forefront of tokenized asset adoption, particularly with its RWA module, which currently supports on-chain offerings such as foreign exchange (FX) and commodities.
The integration of OndoFinance and the introduction of USDY are expected to open up new use cases for both institutional investors and RWA markets within the ecosystem. This development is consistent with the growing trend of combining traditional finance with decentralized blockchain technologies.
Image: CoinGape
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