LBank has added two Ondo Finance products to its platform: USDY and Ondo Intelligent Portfolios. USDY is a yield-bearing tokenized dollar backed by short-term U.S. Treasuries and bank demand deposits. Trading for USDY against Tether went live on August 31, with withdrawals starting September 1. LBank said USDY was trading at about $1.14 because Treasury interest accrues into the token.
The second addition is Ondo Intelligent Portfolios, which package themed baskets of tokenized assets, including artificial intelligence and semiconductor exposure.
What changes for users is where they access these products. Instead of using a separate on-chain venue or a different wallet flow, LBank users can reach both through the same exchange interface they already use for trading. It is existing tokenized fixed-income and portfolio products being placed directly on a mainstream exchange screen.
LBank’s expanded ONDO partnership is the watchpoint as tokenized assets move into mainstream exchange rails.