BounceBit Unveils Borobudur, Enabling 0% Interest Borrowing for BENJI Holders

BounceBit has introduced Borobudur, a credit layer that enables holders of BENJI to borrow at 0% interest without selling their investments or giving up yield. This launch expands BounceBit's efforts to connect tokenized traditional financial assets with on-chain trading, settlement, and credit infrastructure.

The key feature of Borobudur is its ability to allow users to pledge yield-bearing assets as collateral and receive a credit line denominated in BB, the native token of BounceBit. This means that BENJI holders can maintain exposure to the underlying yield-generating fund while using their position to obtain liquidity.

The launch addresses one of the major limitations facing the rapidly growing tokenized real-world asset market: tokenization alone does not necessarily make an asset more useful. By allowing tokenized Treasuries and money-market positions to function as collateral for borrowing, Borobudur creates a second layer of utility around these assets.

Borobudur is designed to work with BounceBit's existing infrastructure, which includes CeDeFi yield strategies, BB Prime for tokenized real-world assets, an EVM-compatible settlement layer, and on-chain trading products. The company has reported approximately $245 million in assets under management as of late July.