Ozean Joins Forces with First Digital to Advance RWA Tokenization
Ozean, a blockchain for Real-World Assets (RWA) yield launched by Clearpool, announced a collaboration with First Digital, a Hong Kong-based group offering global multi-asset custodial, trust, payments and stablecoin solutions as part of Ozean’s WakeMaker program. This program provides projects on Ozean access to First Digital’s licensed digital asset custody and the First Digital USD (FDUSD) stablecoin ecosystem.
A Secure and Transparent Gateway to Real-World Asset Tokenization
First Digital Labs is building a portfolio of stablecoins with uncompromising trust from Asia. These stablecoins are designed to meet the needs of global businesses and institutions to facilitate efficient and compliant global expansion, cross-border payments and trade settlements.
Launched in June 2023, FDUSD is a fully 1:1 USD-backed stablecoin with a market cap of $2+ billion, designed to provide a secure, transparent, and scalable global digital dollar solution. It is fully backed by cash and cash equivalents, held in fully segregated holding structures, offering users a trusted tool for payments, trading, and DeFi applications.
“Our integration with Ozean’s WaveMaker program allows First Digital to extend the reach of FDUSD and provide secure, efficient stablecoin solutions to projects tokenizing RWAs. We are committed to fostering transparency, compliance, and security in the digital currency space,” said Devere Bryan, General Manager of First Digital.
WaveMarker: Ozean’s Accelerator for Tokenizing RWAs
Ozean is designed to integrate RWAs into Decentralized Finance (DeFi) in a compliant and user-friendly manner. Built on the OP Stack as part of Optimism’s Superchain, Ozean aims to enhance DeFi by addressing issues such as the limited capture of base RWA yield by end-users and the fragmented nature of RWA protocols. Ozean provides the essential infrastructure for blockchain financial markets, enabling users to earn native yield on stablecoins.
WaveMaker, Ozean’s accelerator program, offers an end-to-end solution for tokenizing RWAs by streamlining the process with expert support and guidance. It fosters an ecosystem of issuers, investors, and service providers to promote liquidity, accessibility, and capital efficiency.
“The collaboration with First Digital through WaveMaker aligns with our mission to bring diverse, high-quality RWAs on-chain. By enabling access to First Digital’s custody and payment solutions, we are enhancing the capabilities of projects within the Ozean ecosystem and driving the adoption of RWAs in the broader DeFi landscape,” said Jakob Kronbichler, CEO & Co-founder of Clearpool.
Expanding the RWA Horizon
This collaboration establishes a foundation for expanding into additional commodities, facilitating the development of diversified RWA baskets that enhance yield opportunities and portfolio diversification for DeFi users on Ozean. Furthermore, it plays a pivotal role in transforming the digital asset landscape and accelerating the adoption of RWA solutions.
About Ozean
Ozean is the blockchain for RWA yield being launched by Clearpool. Ozean revolutionizes DeFi by seamlessly integrating RWAs in a compliant and user-friendly manner, enabling users to earn native yield on-chain automatically. Launched in March 2022, Clearpool has originated over US$750 million in loans with a growing user base spanning both crypto and TradFi institutions such as Wintermute, Jane Street, Fasanara Digital, CoinShares, and others.
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About First Digital
About FDUSD
First Digital USD (FDUSD) is a fully 1:1 USD-backed stablecoin with uncompromising trust by design offering integrity, accessibility and scalability. FDUSD is redeemable on a one-to-one basis for cash. Reserves are fully backed by highly liquid cash and cash equivalent assets, held in fully segregated holding structures. Reserves are safeguarded by a top-tier, licensed custodian for seamless asset protection and regulatory compliance, with independent attestation reports published monthly. FDUSD is issued onshore out of Asia, and currently available on Ethereum BNB Chain, Sui and Solana. FDUSD has since become one of the top five USD-denominated stablecoins by market cap. To learn more about FDUSD, visit www.firstdigitallabs.com
About First Digital Trust
First Digital Trust Limited is a Hong Kong-based company offering global multi-asset custodial and trust solutions. Established in 2019 as part of the First Digital Group, First Digital Trust bridges the gap between traditional and digital financial worlds, using technology to custody, trade and settle assets.
With over three decades of collective experience, First Digital Trust provides expertise and innovative solutions through a comprehensive and personalized suite of trustee services including structuring, custody, escrow, and administration services. First Digital Trust Limited was named one of the leading Emerging Giants of Hong Kong in KPMG and HSBC’s ‘Emerging Giants in Asia Pacific’ Report 2022.
To learn more about First Digital Trust and its regulated infrastructure and products, visit www.1stdigital.com
