Ondo Finance Launches Solana Bridge for Tokenized Assets

Ondo Finance introduces cross-chain bridge via LayerZero, enabling USDY transfers between EVM networks and Solana blockchain.Social media reactions highlight user optimism, with calls for expanded asset tokenization and Solana’s efficiency benefits.Ondo Finance revealed a tool designed to move tokenized real-world assets between Ethereum-linked networks and Solana. The announcement, shared via the company’s official X account, marks a step toward broader cross-chain compatibility for assets like USDY, a digital token backed by U.S. Treasury securities.1/ A new era for RWAs begins on @Solana.Today, we’re expanding our first-of-its-kind bridging solution for tokenized real-world assets to Solana.Now, USDY, the world’s leading tokenized treasuries asset, can seamlessly move between EVM and Solana ecosystems via... pic.twitter.com/gokyBtfciH— Ondo Finance (@OndoFinance) May 1, 2025The bridging solution relies on LayerZero, a system enabling communication between blockchains. This integration allows USDY—a stablecoin tied to short-term U.S. Treasury yields—to shift from Ethereum Virtual Machine (EVM) networks to Solana.Ondo Finance stated the move is part of a larger strategy to introduce tokenized stocks and similar assets to blockchains. A dedicated webpage explains the technical workings of the bridge, with a separate link provided for full details.Social media reactions surfaced swiftly. Within seven minutes, user @susscrypto described the development as a “huge unlock” for crypto markets. Ben Grossman highlighted Ondo’s role in connecting real-world assets to blockchain. LayerZero’s official account emphasized their technology’s ability to let users “access assets across chains” while Solana’s response—a concise “RWAs Solana”—underscored the partnership’s intent.Additional replies included Collaterize’s celebratory “LFGrow ” and Stargate Finance’s mention of involved parties. User @dchiapusio speculated Ondo Finance could eventually surpass $100 billion in value. A follow-up comment on May 2 from Darky hinted at a Collaterize partnership, though specifics remain unconfirmed.Ondo will be a 100b plus, bookmark it— slow and steady (@dchiapusio) May 1, 2025Ondo Finance, a decentralized finance protocol, converts traditional assets like Treasury bonds into blockchain-based tokens. USDY, for example, retains a stable value while distributing yields from its underlying Treasuries. By extending USDY’s reach to Solana—a blockchain recognized for rapid, low-cost transactions—the protocol aims to simplify cross-chain asset management. ETHNews analysts suggest Solana’s efficiency could attract users seeking cheaper alternatives to Ethereum-based networks.Future plans include expanding tokenization to equities, potentially widening blockchain’s role in traditional finance. For now, Ondo’s bridge focuses on interoperability, starting with USDY. The project positions the firm as a facilitator of asset digitization, leveraging LayerZero’s cross-chain framework and Solana’s technical capacity.Source: ONDO/TradingviewOndo Finance (ONDO) is currently trading at $0.9109, reflecting a -0.40% daily drop, and a -7.00% decline over the past week. Despite the recent retracement, ONDO is up +10.81% over the past month, and +43.13% in the last 6 months, showing longer-term strength. That said, the token remains down -32.09% year-to-date, and trades over 57% below its all-time high of $2.15, which suggests there’s room for upside recovery if the fundamentals stay strong. The market cap is currently $2.88 billion, with 24-hour volume at $147.89 million, indicating active trading and high liquidity.Technically, ONDO is holding just under a key psychological level at $1.00, and is hovering near former support turned resistance. A sustained break above this could see it climb toward $1.15–$1.28, while failure to hold current levels could trigger a move down toward the $0.85–$0.78 zone.Source: ONDO/TradingviewETHNews analysts have previously identified this $0.89–$0.91 channel as a key battle zone between bulls and bears. Oscillators remain neutral, and market sentiment is cautious but speculative, given the project’s growing attention.Fundamentally, ONDO is gaining strong momentum in the real-world asset (RWA) tokenization space. The project recently announced that Visa joined its USDG product, a tokenized yield-bearing dollar, strengthening its credibility and institutional appeal. Moreover, new ONDO wallet addresses surged by 390% in 24 hours in March—an on-chain metric reflecting rising demand and adoption.The post Ondo Finance Launches Solana Bridge for Tokenized Assets appeared first on ETHNews.