LayerZero powers bridging of Ondo tokenized stocks to Hyperliquid
LayerZero enables the cross-chain transfer of Ondo Finance’s tokenized stocks to Hyperliquid, allowing traders to execute basis trades and delta-neutral hedging strategies on-chain.Summary
Ondo Finance has integrated LayerZero’s cross-chain messaging protocol to bring 35 of its tokenized US stocks and ETFs to the Hyperliquid HyperEVM. This development allows investors to pair spot positions in tokenized assets with perpetual futures directly on the Hyperliquid platform, facilitating advanced trading strategies like basis trading and delta-neutral hedging. Ondo, which currently holds over 70% of the tokenized equity market share and recently surpassed $1 billion in total value locked, continues to expand its cross-chain presence. While this integration enhances capital efficiency for DeFi traders, it also introduces risks associated with cross-chain bridging and reliance on issuer-backed redemption mechanisms.
(Source：Crypto Briefing)