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LBank has expanded its partnership with Ondo Finance by adding USDY and Ondo Intelligent Portfolios to its platform. The integration gives eligible users access to a yield-bearing tokenized product and thematic portfolios built around tokenized U.S. equities through an existing LBank account.
LBank says it serves more than 25 million registered users, although access to individual Ondo products remains subject to applicable eligibility and jurisdictional restrictions. The expansion follows earlier collaboration between the companies around tokenized assets.
USDY Adds Tokenized Yield Exposure
USDY, or the US Dollar Yield Token, is a tokenized note within Ondo’s product lineup. Ondo says USDY may be secured by short-term U.S. Treasuries, shares of BlackRock’s iShares Short Treasury Bond ETF or bank demand deposits, depending on when the tokens were issued.
Unlike a conventional dollar stablecoin, the accumulating version of USDY increases in redemption value as yield accrues. Ondo says the product is available to qualifying non-U.S. individual and institutional investors, subject to its eligibility requirements.
Intelligent Portfolios Bundle Tokenized Equities
Ondo Intelligent Portfolios are designed to provide grouped exposure to selections of tokenized U.S. stocks organized around investment themes. LBank highlighted portfolios focused on areas including artificial intelligence, semiconductors, and major technology companies.
The portfolios extend LBank’s tokenized-asset offering beyond individual securities by grouping multiple exposures within a thematic structure. LBank says users can access the supported products through their existing LBank account rather than through a separate platform. Eric He, LBank’s Community Angel Officer and Risk Control Advisor, said:
“Traditional finance and digital assets are moving closer together.”
LBank Expands Its Tokenized Asset Offering
LBank already offers products providing exposure to stocks, commodities, precious metals and other traditional-market assets, while its tokenized-asset partnerships include Ondo Finance, xStocks and bStocks. The addition of USDY and Ondo Intelligent Portfolios broadens that lineup to include both yield-bearing real-world assets and thematic tokenized-equity portfolios.
The launch also expands distribution for Ondo’s tokenized products through a centralized crypto exchange. Availability still depends on the rules governing each product and the jurisdiction of individual users.
