According to BlockBeats, on July 4th, Lorenzo, an on chain asset management platform, officially launched its first OTF (On chain Traded Fund) testnet product - USD1+OTF, which is also its first U-shaped income product settled in USD1 stablecoin. It has been deployed on the BNB Chain testnet.
This product is supported by Lorenzo's Financial Abstraction Layer, which integrates RWA earnings, quantitative strategies, and DeFi earnings. All earnings are settled in USD1, making Lorenzo one of the earliest projects to build real income products around USD1 and promoting its practical use in the on chain financial ecosystem.
Users can participate in product testing by pledging USDT, USDC, or USD1 to obtain sUSD1+tokens representing the right to return, and experience a stable, diverse, and authentic return structure.
Lorenzo's future vision is to build an on chain investment bank, focusing on providing standardized issuance, tokenization management, and fundraising services for income generating assets such as CeFi, RWA, and DeFi, bridging the gap between large-scale on chain funds and institutional level wealth management products.
