Ondo Finance brings USDY and tokenized portfolios to 25 million LBank users

Ondo Finance's USDY token and Ondo Intelligent Portfolios are now available to LBank's 25 million registered users, the company said Aug. 31.

"Traditional finance and digital assets are moving closer together, and users increasingly expect access to a broader range of financial opportunities from the platforms they already use," Eric He, Community Angel Officer and Risk Control Advisor at LBank, said.

USDY is a yield-bearing token backed by U.S. Treasuries, with roughly $2.19 billion in deposits, according to ondo.finance. Ondo Intelligent Portfolios bundle tokenized U.S. stocks into themed baskets covering artificial intelligence, semiconductors, and major technology companies. Ondo holds more than $3.5 billion in total value locked across its products, and its Ondo Stocks platform lists over 440 tokenized securities.

The expanded integration is a distribution play rather than a product launch, giving LBank users access to both products directly from their existing exchange accounts without separate brokerage relationships. Ondo counts BlackRock, Franklin Templeton, and JPMorgan's Kinexys among its institutional partners, and the LBank deal extends its reach into a platform serving 160 countries with daily trading volume exceeding $23.81 billion.

The integration builds on LBank's existing tokenized asset lineup, which already includes stock products through xStocks and bStocks, and adds Ondo's yield and portfolio layer on top. LBank's TradFi ecosystem spans precious metals, stocks, pre-IPO assets, commodities, and global indices.

For a tokenized asset platform, exchange integrations serve as the primary growth lever, since the products are only as useful as the number of people who can reach them. The LBank expansion follows Ondo's broader push to widen access to its tokenized products through exchange partners, a strategy that has helped the protocol compete with BlackRock's BUIDL and Franklin Templeton in the tokenized Treasury market.

Looking ahead, LBank said it will continue expanding its coverage of stocks, thematic market opportunities, and other tokenized financial assets while strengthening partnerships across the tokenized real-world asset ecosystem. Ondo's next phase focuses on expanding secondary liquidity for its products and adding strategic integrations with exchanges across international markets.

This article is for informational purposes only and does not constitute investment advice.