Lorenzo launches testnet products USD1 and OTF, pioneering the first on-chain real yield fund based on USD1

BlockBeats News, July 4 — On-chain asset management platform Lorenzo has officially launched its first OTF (On-chain Traded Fund) testnet product—USD1+ OTF, which is also its first USD1 stablecoin-settled yield product. It is currently deployed on the BNB Chain testnet.

This product is powered by Lorenzo’s Financial Abstraction Layer, which integrates three major sources of yield: RWA (Real World Asset) returns, quantitative strategies, and DeFi yields. All returns are settled in USD1, making Lorenzo one of the earliest projects to build real yield products around USD1 and promoting the practical use of USD1 within the on-chain financial ecosystem.

Users can participate in product testing by staking USDT, USDC, or USD1 to receive sUSD1+ tokens representing yield rights, and experience a stable, diversified, and real yield structure.

Lorenzo’s future vision is to build an on-chain investment bank focused on providing standardized issuance, tokenized management, and fundraising services for yield-generating assets such as CeFi, RWA, and DeFi, bridging large-scale on-chain capital with institutional-grade wealth management products.