Lorenzo launches the testnet product USD1+ OTF, the first on-chain real income fund based on USD1

Odaily Planet Daily News: Lorenzo, an on-chain asset management platform, officially launched its first OTF (On-chain Traded Fund) testnet product, USD1+ OTF, which is also its first U-based income product with USD1 stablecoin as the settlement unit. It has been deployed on the BNB Chain testnet. This product is supported by the Financial Abstraction Layer developed by Lorenzo, which will integrate the three major sources of RWA income, quantitative strategies and DeFi income. All income will be settled in USD1. Lorenzo has therefore become one of the earliest projects to build real income products around USD1, promoting the actual use of USD1 in the on-chain financial ecosystem. Users can participate in product testing by staking USDT, USDC or USD1, obtain sUSD1+ tokens representing income rights, and experience a stable, diversified and real income structure. Lorenzo's future vision is to build an on-chain investment bank, focusing on providing standardized issuance, tokenization management and fundraising services for income-based assets such as CeFi, RWA, DeFi, and building a bridge between large-scale funds on the chain and institutional-level wealth management products.