OpenDefi, Pandora Partnership results in cross-chain and tokenisation services

By Mchapeyama | CryptoSocial News | 16 May 2021

OpenDefi announced a partnership with Pandora which opens new opportunities.  Basically this partnership opens rooms for cross-chain service and tokenization of assets into Non-fungible assets (NFTs).  

How is this possible?

There is a relationship between the services that Pandora and OpenDeFi offer. First, OpenDeFi deals with tokenisation of real world assets such as gold and silver. In actual fact, Open Finance is a decentralized financial platform that connects decentralized financial services to centralized ones. In order to function properly in the blockchain space, it has its own token- ORO.


Pandora protocol enables trading of world assets in a frictionless way through turning them into NFTs. Therefore, with Pandora people trade real assets in the form of NFTs. Apart from this, it offers cross-chain service.

How does the partnership benefit OpenDeFi members?

This is the heart of this article. OpenDeFi users benefit the most in two ways. These are tokenisation of assets into NFTs and cross-chain services.

Cross-chain services

With this service, OpenDeFi or OroPocket users are able to benefit from cross chain swaps. This means that individuals are able to carry out transaction using ORO token on other various networks such as Ethereum, Binance chain and Polkadot.

Therefore, they get benefits from other blockchain.  For instance, the Binance Smart Contract has very low transaction fees. This creates convenience for the users, thereby adding value to them.


The second way, members benefit from the partnership is through tokenisation of real world assets into NFTs. NFT (Non-fungible tokens) are trending at the moment. The business is growing by day and attracting many people.

Therefore, this partnership allows users to access NFTs based on real world assets. Interestingly, users gain the most from liquidity induction which the NFT market brings to OpenDeFi and its products.


Someone new to OpenDeFi may get confusion on OroPocket. It is a banking platform for OpenDeFi.


The OpenDeFi community is growing from time to time. This enables people to get updated information. For more information, you are free to join the following platforms





How do you rate this article?



I am a blogger and writer

CryptoSocial News
CryptoSocial News

In this space we will discuss issues relating to cryptosocial activities and blockchain. How to earn online as well.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.