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Drift Protocol has announced a groundbreaking partnership with Ondo Finance to integrate tokenized real-world assets (RWAs) such as treasury bills into the Solana DeFi ecosystem. This collaboration marks the first time yieldcoins, including $USDY, can be used as collateral on a perpetuals platform. As part of the integration, USDY will be available on Drift for perps trading, enhancing capital efficiency and utility. Drift Protocol, which has $400 million in deposits across over 20 assets, aims to build Solana’s financial layer by bringing more assets on-chain.
There are more than 200 companies tokenizing #RWAs. Where will the world find them, trade them, or get a loan on them? #FirstRWAmarket
🟧 @DriftProtocol is excited to announce a partnership with @OndoFinance 🟧The partnership will kick off by bringing $USDY onto Drift as collateral for margin trading and perpetuals 🔽VISIT https://t.co/bT8OyLZngm #ARB_Universe https://t.co/K7cqQ7pE6H
We all know that a recent BlackRock's move into #RWA is a game-changer. RWA tokens on @binance are set to lead this bull run, and a $100 investment could turn into $10k by 2025. Discover my top 8 most promising RWA tokens below ⬇️🧵 https://t.co/wfxz49mUV8