Ondo Finance's USDY and Ondo Intelligent Portfolios are now available to LBank's 25 million-plus registered users, the company announced. The expanded integration marks the latest distributio
Ondo Finance's USDY and Ondo Intelligent Portfolios are now available to LBank's 25 million-plus registered users, the company announced.
The expanded integration marks the latest distribution push for Ondo, which has been steadily adding exchange partners to widen access to its tokenized products.
USDY is a yield-bearing token backed by U.S. Treasuries, essentially a way for holders to earn a return from U.S. government debt without needing a traditional brokerage account.
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Ondo Intelligent Portfolios bundle tokenized U.S. stocks into themed baskets covering sectors like artificial intelligence, semiconductors and major tech companies.
Tokenized assets are digital tokens on a blockchain whose value is tied to a real-world asset like a stock or a bond.
LBank users can now access both products directly from their existing exchange accounts, without opening separate brokerage relationships or navigating additional platforms, according to the company.
The integration builds on LBank's existing tokenized asset lineup, which already includes stock products through other partners, and adds Ondo's yield and portfolio layer on top.
Ondo currently holds over $3.5 billion in total value locked across its products, with USDY alone accounting for roughly $2.19 billion in deposits, according to ondo.finance.
Its Ondo Stocks platform lists more than 440 tokenized securities and the company counts BlackRock, Franklin Templeton and JPMorgan's Kinexys among its institutional partners.
This is not a new product for Ondo, it is an expansion of where its existing products can be accessed.
For a tokenized asset platform, exchange integrations like this one serve as the primary growth lever, since the products are only as useful as the number of people who can reach them. Announcing the deal on X, Ondo framed it as the latest step in a steadily growing ecosystem.
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