VenusProtocol

The collaboration brings tokenized real-world assets into Venus' institutional lending infrastructure, using Asseto's CASH+ as collateral and United Stables' $U as the borrow asset on BNB Chain.
Venus Protocol is partnering with Asseto and United Stables to expand the use of institutional real-world assets in on-chain credit markets on the BNB Chain.
Through the collaboration, Asseto's tokenized cash-management fund token, CASH+, will be integrated as collateral within Venus' Institutional Fixed Rate Vault, with $U from United Stables serving as the borrow asset. Venus operates the Vault infrastructure, connecting tokenized RWA collateral with on-chain stablecoin liquidity.
This allows institutional borrowers to access on-chain liquidity against their CASH+ positions without selling the underlying asset, extending the utility of tokenized RWAs beyond holding and transfer into on-chain credit markets.
"Tokenized real-world assets shouldn't just sit on-chain, they should be able to work. By bringing CASH+ into our Institutional Fixed Rate Vault as collateral, we're giving institutions a way to access liquidity from their RWA holdings without giving up exposure. This is an important part of what we're building at Venus: connecting tokenized assets with on-chain credit." — Iris, Head of Venus Protocol
From RWA Tokenization to On-Chain Credit
Tokenization brings traditional financial assets on-chain, while lending extends how those assets can be used.
Within the Venus Institutional Fixed Rate Vault, institutional borrowers can maintain their CASH+ exposure while accessing $U liquidity against it at a fixed rate. This gives tokenized assets an additional role as collateral within on-chain credit markets.
"Our goal with CASH+ has always been to bring institutional cash-management exposure on-chain in a form that's genuinely usable. Integrating with Venus extends CASH+ from tokenized exposure into collateral that can support on-chain borrowing, demonstrating how tokenized RWAs can play an active role in on-chain financial markets." — Bridget, CEO&Co-founder, Asseto
"Institutional credit is an important use case for stablecoins. With $U serving as the borrow asset against CASH+ collateral, this collaboration connects stablecoin liquidity directly with institutional on-chain lending and expands the role of $U across the BNB Chain ecosystem." — Athena, CEO, United Stables
As more traditional assets move on-chain, the next stage of RWA adoption depends on the financial infrastructure built around them. Access to lending and liquidity allows tokenized assets to participate more broadly in on-chain financial markets.
Venus' Institutional Fixed Rate Vaults provide this connection by bringing tokenized collateral and on-chain liquidity together through structured lending markets. The collaboration with Asseto and United Stables further expands the use of institutional assets within DeFi and strengthens the credit infrastructure available for tokenized RWAs on BNB Chain.
The CASH+ Institutional Fixed Rate Vault is now live on BNB Chain. Eligible institutions can explore the vault and learn more at Venus.
About Venus Protocol
Venus is the leading decentralized lending protocol on BNB Chain, supporting over 30 assets with more than 80 independent audits and reached $2.8 billion in TVL in 2025.
About Asseto
Asseto is a full-stack asset tokenization infrastructure and service provider, delivering end-to-end solutions covering legal structuring, smart contracts, oracle integration, multi-chain deployment, token management, distribution channels, and DeFi ecosystem connectivity, bridging traditional asset managers with global Web3 liquidity. Learn more at asseto.finance.
About United Stables
United Stables is the issuer of $U, a compliant, 1:1 USD-pegged native stablecoin on BNB Chain, backed 100% by fiat and digital asset reserves with licensed custodians.
Important Risk Information
Participation may be subject to eligibility requirements, geographic restrictions, onboarding procedures and applicable terms and conditions.
Tokenized real-world assets, stablecoins and decentralized lending involve risks, including market, credit, liquidity, smart contract, counterparty and regulatory risks. Borrowing positions may be subject to liquidation based on applicable collateral requirements.
Nothing in this announcement constitutes investment, legal, tax or financial advice, or an offer or solicitation to buy or sell any security, token or financial product.