Lorenzo Launches USD1+ OTF Testnet on BNB Chain

According to Odaily, blockchain asset management platform Lorenzo has introduced its first On-chain Traded Fund (OTF) testnet product, USD1+ OTF, on the BNB Chain testnet. This marks Lorenzo's initial offering settled in USD1 stablecoin, focusing on USD-based yield products. Supported by Lorenzo's Financial Abstraction Layer, the product integrates returns from Real World Assets (RWA), quantitative strategies, and DeFi, all settled in USD1. Lorenzo is among the pioneers in developing real yield products centered around USD1, enhancing its practical use in the on-chain financial ecosystem. Users can participate in the product testing by staking USDT, USDC, or USD1 to receive sUSD1+ tokens, representing yield rights, and experience a stable, diverse, and genuine yield structure. Lorenzo aims to establish an on-chain investment bank, specializing in standardized issuance, tokenized management, and fundraising services for yield-generating assets in CeFi, RWA, and DeFi sectors, bridging large-scale on-chain funds with institutional-grade financial products.