Ondo integrates tokenized US stock assets into Hyperliquid HyperEVM

CoinFeed reported on May 11 that, according to the official Ondo Finance blog, Ondo now supports cross-chaining its tokenized stocks and ETFs (such as SPYon, NVDAon, TSLAon, etc.) from Ethereum and BNB Chain to Hyperliquid's HyperEVM via the Ondo Bridge. This integration supports 35 tokenized assets and can be combined with the Hyperliquid perpetual contract market for strategies such as basis trading, funding rate arbitrage, and neutral hedging. Ondo's tokenized asset prices are pegged to traditional market quotes such as the NYSE and Nasdaq, aiming to preserve liquidity in offline markets.