Ozean Partners With First Digital to Revolutionize Stablecoin Solutions for Real-World Assets

Ozean, a blockchain platform dedicated to Real-World Assets (RWA) yield, has announced a strategic partnership with First Digital, a Hong Kong-based provider of custodial and stablecoin solutions. This collaboration aims to enhance the capabilities of projects tokenizing RWAs through Ozean’s accelerator program, WaveMaker.

Key Takeaways

• Ozean partners with First Digital to provide stablecoin solutions for RWA projects.
• The partnership enhances access to digital asset custody and the FDUSD stablecoin ecosystem.
• WaveMaker aims to streamline the tokenization process for RWAs, promoting liquidity and capital efficiency.
• FDUSD is a USD-backed stablecoin with a market cap exceeding $2 billion, designed for global business needs.

Partnership Overview

The collaboration between Ozean and First Digital is set to provide projects within the Ozean ecosystem with access to First Digital’s licensed digital asset custody services and the First Digital USD (FDUSD) stablecoin. This partnership is part of Ozean’s WaveMaker accelerator program, which is designed to support projects in the tokenization of RWAs.

WaveMaker offers an end-to-end solution that simplifies the tokenization process, providing expert guidance and fostering a network of issuers, investors, and service providers. This initiative aims to enhance liquidity, accessibility, and capital efficiency in the market for RWAs.

About First Digital and FDUSD

First Digital is actively building a portfolio of stablecoins tailored to meet the needs of global businesses and institutions. Their flagship product, FDUSD, launched in June 2023, is a 1:1 USD-backed stablecoin that has quickly gained traction, boasting a market cap of over $2 billion.

Key features of FDUSD include:

• Full Backing: Each FDUSD is fully backed by cash and cash equivalents, ensuring security and transparency.
• Segregated Holdings: Funds are held in fully segregated structures, providing users with a trusted tool for payments and trading.
• Global Reach: Designed to facilitate efficient cross-border payments and trade settlements, making it ideal for businesses operating internationally.

Enhancing DeFi with Ozean

Ozean is built on the OP Stack as part of Optimism’s Superchain, aiming to improve decentralized finance (DeFi) by addressing key challenges such as the limited capture of base RWA yield by end-users and the fragmented nature of existing RWA protocols.

The platform provides essential infrastructure for blockchain financial markets, enabling users to earn native yield on stablecoins.

Jakob Kronbichler, co-founder and CEO of Clearpool, emphasized the importance of this partnership, stating, "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."

Conclusion

The partnership between Ozean and First Digital marks a significant step forward in the integration of stablecoin solutions within the RWA tokenization space. By leveraging First Digital’s expertise and resources, Ozean aims to create a more efficient and accessible environment for projects looking to capitalize on the potential of real-world assets in the digital economy. This collaboration not only enhances the capabilities of the Ozean ecosystem but also contributes to the broader adoption of DeFi solutions in the market.