- 1inch partners with Ondo Finance to upgrade Swap API.
- Expanded access to tokenized assets in DeFi sector.
- Enhanced liquidity and interoperability for global traders.
1inch has integrated with Ondo Finance to enhance access to tokenized real-world assets via an upgraded Swap API, introducing seamless trading capabilities for major U.S. equities.
The integration marks a significant step in DeFi, enabling robust market liquidity and asset transferability, evidenced by the 2% price rise in 1INCH token.
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1inch and Ondo Finance Collaboration
1inch, a prominent Decentralized Exchange (DEX) aggregator, has announced a collaboration with Ondo Finance. This partnership aims to upgrade its Swap API, enhancing access to tokenized real-world assets. This upgrade is expected to bridge traditional and digital financial sectors.
The collaboration includes 1inch, Ondo Finance, and institutional liquidity provider Block Street. Actions were taken to improve the accessibility and liquidity of tokenized equities and ETFs for a broader audience internationally.
“We’re building on the stablecoin precedent—bringing U.S. securities on-chain with seamless global access, underpinned by robust market liquidity.” – Nathan Allman, CEO, Ondo Finance
Impact on Financial Markets
The immediate effect includes greater access to institutionally backed liquidity, enabling borrowing, hedging, and shorting with tokenized assets. It addresses previous liquidity constraints, offering more robust trading opportunities on-chain.
This collaboration impacts financial markets by boosting the availability of tokenized U.S. stocks and ETFs on-chain. The involvement of established entities like Citadel and Jane Street ensures credibility and market confidence.
Integration and Market Liquidity
The actions taken are indicative of a shift towards integrating traditional securities with blockchain technology, offering new investment opportunities and enhancing market liquidity.
The strategic upgrade by 1inch and Ondo Finance could lead to more seamless DeFi and traditional finance integration. Historically, similar efforts faced challenges, but this partnership, backed by significant institutional support, shows promise for overcoming past liquidity limitations.
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