Axelar supports cross-chain RWA assets and stablecoins, and cooperates with Ondo Finance to launch Ondo Bridge

Ondo Finance, a tokenized financial product platform, has partnered with Web3 interoperability platform Axelar to launch the cross-chain solution Ondo Bridge, inspired by Circle's cross-chain transmission protocol (CCTP). Ondo Bridge allows users to issue native tokens on Axelar-supported blockchain networks, including Ondo's tokenized bill USDY. Axelar's programmable cross-chain platform will enable Ondo to automatically manage USDY supply. The initial deployment will be done through Axelar-based cross-chain liquidity router Squid. It is worth mentioning that Axelar played an important role in the development of Composable USDC by combining its General Message Passing technology with Circle's CCTP. According to reports, Axelar seamlessly connects over 50 blockchain networks and has become a partner of multiple mainstream RWA issuers. Its decentralized security and permissionless programmability have been recognized by large enterprises such as Microsoft, making it an important tool for integrating on-chain and off-chain systems. Its supporters include Binance, Coinbase, Dragonfly, Galaxy, and Polychain, among others.