Ondo drops tokenized asset blockchain plans for private, high-speed trading network
Ondo Finance is pivoting from its 'Ondo Chain' blockchain project to a private, high-speed network designed for institutional trading. This move aims to provide the speed and privacy required for tokenized real-world assets while maintaining settlement on public blockchains.
Dubbed Ondo Network , the system marks a shift from the company's February 2025 vision for Ondo Chain, a blockchain for institutional finance and tokenized real-world assets. After building its new perpetual futures platform, Ondo Perps, the firm said it concluded that a traditional blockchain wasn't the best tool for handling the speed and privacy institutional trading requires.
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