From Investing.com: 2024-05-31 15:30:37

MANTRA, a leader in RWA tokenization, announced a landmark event with Ondo Foundation to build liquidity support for RWA tokenization in decentralized finance. USDY, a flagship interest-bearing token on MANTRA’s upcoming blockchain, will offer users exposure to US Treasury yield. A multi-chain vault will provide high-quality yield for USDC contributors.

To celebrate the liquidity milestone, Ondo and MANTRA will reward users who contribute to the vault with ONDO tokens and OM coins. The duo plans to open the vault to the public in June on and Base. MANTRA aims to combine DeFi capabilities with institutional-grade finance by offering robust features for USDY, a keystone asset for the RWA ecosystem.

Ondo Foundation’s mission is to enhance financial inclusivity through institutional-grade financial products. Ondo Finance, which provides blockchain-enabled investment products, supports USDY. MANTRA is a security-first RWA Layer 1 Blockchain that enables compliance with real-world regulations and offers advanced tech modules.

USDY, the tokenized US Treasury product, will enhance MANTRA’s liquidity profile and expand its ecosystem. The launch marks a key step in bridging traditional finance with decentralized finance. Ondo Finance and the Ondo Foundation are focused on creating a new era of financial inclusivity through onchain financial products and services.

Read more at Investing.com: MANTRA launches RWA savings vault powered by Ondo’s USDY By Chainwire