Ondo Finance and LayerZero launch a new bridge to expand the trading of tokenized securities
Ondo Finance and LayerZero, specialized in operating different blockchains, announced the launch of a new technical bridge aimed at expanding the movement of tokenized securities across networks according to a report published by crypto.news.
The "Ondo Bridge" allows users to transfer over 100 digitally unique stocks and exchange-traded funds (ETFs) between the Ethereum $ETH and BNB Chain networks, with plans to expand to include other EVM-compatible networks in the future.
The mechanics of the new bridge and its benefits:
According to the site, the new bridge connects Ondo Global Markets assets across chains at a 1:1 parity, ensuring that tokens remain fully backed while transitioning between networks. This technology represents a significant advancement, replacing the old setup that relied on separate bridge contracts for each asset and chain, which made the process complex and slow.
The bridge is built on a LayerZero messaging framework, allowing Ondo to manage cross-chain transfers through a single unified architecture instead of individual asset-specific bridges. According to the company, this setup makes deploying premium securities on new chains much easier, as integrations can be completed within weeks instead of months. The system benefits from the extensive LayerZero network, which is already supported by over 2600 applications across Ethereum ETH and BNB Chain.
The general context and growth of the Ondo Global Markets platform:
The site noted that this launch comes at a time when the Ondo Global Markets platform is experiencing notable growth. Since its launch on Ethereum #ETH in September and its expansion to BNB Chain in October, the total value locked (TVL) in the platform has grown to over $350 million, with cumulative trading volume surpassing $2 billion.
The launch also represents a significant regulatory push for the company, as the U.S. Securities and Exchange Commission (SEC) closed its investigation into Ondo Finance earlier this month. This decision removes a regulatory cloud that had been hanging over the company, giving it more freedom and confidence to continue expanding in the world of securities compliant with blockchain systems.