According to a report from Deep Tide TechFlow on May 9, Lorenzo announced a strategic upgrade, clearly positioning itself as an on-chain asset management platform for institutions, focusing on the tokenization of CeFi financial products in the future, and deeply integrating with DeFi to promote the expansion of sustainable real yields.
As part of this upgrade, Lorenzo launched the OTF (On-chain Traded Fund), which abstracts and packages strategies into yield-bearing assets, greatly simplifying the threshold for users to participate in various on-chain financial strategies.
At the same time, its core system, the Financial Abstraction Layer, will support the flexible integration of yield products for platforms such as Neobank, PayFi, wallets, and RWAFi, based on the path of on-chain fundraising, off-chain execution, and on-chain settlement.
Currently, Lorenzo has connected with over 20 public chains and more than 30 DeFi protocols, providing on-chain yield services for over $600 million in BTC. In mid-April this year, it completed the $BANK token IDO on Binance Wallet, achieving an oversubscription of 18329%.
In addition, Lorenzo announced a new roadmap and revealed its first partner, Plume Network. The two parties will engage in in-depth cooperation around the new direction, with real yield products continuing to be implemented in more scenarios, and more partnerships to be announced soon.
