1inch collaboration with Ondo Finance allows for user access to Tokenized Reinsurance Asset Wrappers
In a groundbreaking move, 1inch, a leading DeFi platform, has partnered with Ondo Finance to make tokenized Real-World Assets (RWAs) as accessible as native cryptocurrencies. This collaboration aims to bridge the gap between traditional finance and DeFi, transforming the way users interact with traditional assets in the decentralized world.
With this integration, 1inch's 200 million users can now trade tokenized RWAs using USDC. These assets, which include tokenized stocks, ETFs, real estate, bonds, and other financial instruments, will be transferable and DeFi-compatible, expanding the ecosystem's reach.
Ondo Finance, known for its tokenization of real-world assets, is making it possible for users to access up to 100 tokenized stocks and ETFs on Ethereum. This integration allows users to trade tokenized RWAs alongside native crypto assets, providing a seamless trading experience.
The partnership is not limited to 1inch and Ondo Finance. Platforms such as Trust Wallet, Bitget, Celsius Network, and Tokenlon have integrated 1inch's RWA Swap API, enabling users to access traditional assets directly from their wallets. This move addresses liquidity issues that have hindered RWA adoption in DeFi, paving the way for a more inclusive and robust DeFi ecosystem.
Sergej Kunz, co-founder of 1inch, commented on the adoption of tokenized RWAs as tomorrow's technology. He stated, "This partnership is a significant step in making tokenized RWAs more globally accessible, and we are excited to be at the forefront of this innovation."
The collaboration marks a milestone in the DeFi industry, setting the stage for future innovation in decentralized trading. As more platforms integrate the new RWA Swap API, we can expect to see a surge in the adoption of tokenized RWAs, making traditional asset trading more accessible and efficient in the decentralized world.
