LBank Lists Ondo Finance's USDY Yield Token

Retail Access to Treasury Yield

@LBank_Exchange has added @Ondo's U.S. Dollar Yield token ($USDY) to its platform, broadening its tokenized real-world asset offering and opening institutional-grade Treasury yield to a wider pool of retail crypto users.

$USDY is a token backed by short-term U.S. Treasuries and bank deposits. The token accrues interest through a rising redemption value, with the premium reflecting accumulated yield. It is described as the world's first freely transferable yield-bearing token secured by U.S. Treasuries. The product is available to non-U.S. individuals and institutions, and is built for transparency and bankruptcy remoteness, secured by a portfolio of short-term U.S. Treasuries with daily proof of reserves and third-party oversight.

The scale of the product underlines its relevance. Ondo Finance holds roughly $3.43 billion in assets under management, with USDY alone exceeding $2.1 billion. The token now ranks among the top three tokenized Treasuries globally.

Broader Partnership in Motion

The integration is part of an expanded collaboration between LBank and Ondo Finance, also introducing Ondo Intelligent Portfolios (OIPs) to the exchange's offering. Ondo Intelligent Portfolios are designed to provide diversified exposure to a selection of tokenized U.S. stocks, bringing multiple market themes together through a blockchain-native structure. These portfolios span high-demand themes including artificial intelligence, leading technology companies, and semiconductors.

Through the expanded integration, LBank users can access these market opportunities within the same trading environment and account, without having to navigate multiple platforms or brokerage relationships. As LBank's Eric He noted, "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."

Looking ahead, LBank says 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. The addition of $USDY marks one of the more concrete steps yet in bringing tokenized Treasuries into mainstream retail trading venues.

Sources:
Crypto Daily: LBank Expands Ondo Finance Partnership with USDY and Ondo Intelligent Portfolios
Ondo Finance: USDY Official Product Page
Yahoo Finance: Ondo's USDY Crosses $2.1B Market Cap