The Algorand Foundation today announced the integration of Wormhole’s Native Token Transfers (NTT) standard on the Algorand blockchain. The initiative was developed in close collaboration with Folks Finance, the leading lending and liquid staking protocol on Algorand. With support for over 40 blockchains, Wormhole’s NTT standard allows Algorand to tap into one of the largest interoperability networks in crypto. This milestone makes Algorand a first-class chain in the Wormhole NTT ecosystem, enabling builders to issue and transfer tokens across chains natively, without the need for wrapped assets.
The rollout lays the foundation for the upcoming FOLKS token launch and future cross-chain DeFi growth on Algorand.
“This milestone future-proofs Algorand’s DeFi ecosystem,” said Robinson Burkey, co-founder of the Wormhole Foundation. “Builders now have a trusted way to launch multichain tokens that preserve the native user experience and performance of Algorand.”
Key benefits of the NTT integration:
- Algorand developers can mint NTT-based tokens using existing standards and tools, opening new pathways for multichain liquidity and cross-ecosystem user flows.
- Retail users will be able to move assets directly between Algorand and other NTT-enabled chains through familiar interfaces, simplifying access to liquidity and expanding use cases for Algorand-based applications.
- Token issuers from other ecosystems can now deploy their assets natively on Algorand, unlocking new users, liquidity pools, and DeFi protocols, without needing to wrap or mirror their tokens.
“Interoperability is key to Algorand’s long-term growth,” said Staci Warden, CEO of the Algorand Foundation. “We’re happy to support this launch alongside Folks Finance and Wormhole, and to see Algorand become a core player in the open, connected blockchain ecosystem.”
This collaboration reflects close cooperation across the Algorand ecosystem: combining Folks Finance’s leadership on the integration, Wormhole Foundation’s infrastructure, and auditing and relayer contributions from xLabs.
Documentation, Open Source SDKs and tooling are now available for developers looking to integrate NTT. In the coming weeks, Folks Finance and Algorand Foundation will host community activations and developer sessions to support the first wave of new NTT-powered applications on Algorand.
