Ozean’s RWA Distribution Expands with BounceBit’s Integration of PortUSD

Ozean, the blockchain for Real World Asset (RWA) yield being launched by Clearpool, has announced a strategic partnership with BounceBit, a pioneering CeDeFi infrastructure provider with over $500 million in unincentivized Total Value Locked (TVL). This collaboration accelerates the expansion and accessibility of Ozean’s RWA offerings by integrating PortUSD into BounceBit’s RWA Vaults.

BounceBit: Building a Novel CeDeFi Infrastructure

BounceBit is building a novel CeDeFi infrastructure that aims to offer institutional-grade yield products by integrating both centralized and decentralized finance. BounceBit’s ecosystem includes a dual-token Proof-of-Stake Layer 1 chain secured by BTC and its native token $BB, offering full EVM compatibility. Their innovative approach includes liquidity custody tokens (LCTs) and partnerships to enable users to earn yield from CeFi, participate in restaking, and access tokenized RWAs.

“Our collaboration with Ozean is a key milestone in delivering genuine yield backed by real-world assets. By integrating PortUSD into our RWA Vaults, we’re providing our community with sustainable returns derived from actual economic activity in a secure, institutional-grade environment,” said Jack Lu, Founder of BounceBit.

Ozean: Pioneering On-Chain Real-World Asset Yield

Ozean is designed to integrate RWAs into DeFi in a compliant and user-friendly manner. Built on the OP Stack as part of Optimism’s Superchain, Ozean aims to revolutionize 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. Ozean also features Port, an initiative to provide access to various tokenized assets.

Port is the first RWA Exchange-Traded Pool (ETP) that pools illiquid RWAs with liquid, yield-bearing instruments, such as U.S. T-bills. ETPs are liquidity pools that function similarly to Exchange-Traded Funds (ETFs) but operate within the DeFi ecosystem. By introducing an ETF-like structure, Port provides investors with increased liquidity while ensuring a diversified portfolio of income-generating assets. When you invest, you receive PortUSD — a token that represents your share of the portfolio.

“This partnership with BounceBit aligns perfectly with Ozean’s vision of expanding the reach and utility of on-chain RWAs. Integrating PortUSD into BounceBit’s RWA Vaults will enhance accessibility and provide more users with opportunities to engage with RWAs within a leading CeDeFi ecosystem,” said Jakob Kronbichler, CEO & Co-founder of Ozean.

Integration of Port RWA Assets into BounceBit’s RWA Vaults

Clearpool has originated over US$750 million in loans since its launch in March 2022, demonstrating its traction with both crypto and TradFi tokenized credit. This partnership brings Ozean’s PortUSD into BounceBit’s RWA Vaults, giving users direct access to diversified, yield-generating opportunities. By enhancing the accessibility and liquidity of RWAs, this collaboration strengthens the bridge between DeFi and traditional finance, driving innovation and growth across the digital asset space.