Ondo drops tokenized asset blockchain plans for private, high-speed trading network
The new network powers Ondo's recently-launched perpetual futures platform and will eventually support trading across onchain financial assets....
Key takeaways
- 1Ondo abandoned its Layer-1 blockchain plan and launched Ondo Network, a private trading platform separating execution from public blockchain settlement.
- 2Ondo manages $2.6 billion in tokenized U.S. Treasuries and $850 million in tokenized equities, with FINRA approval for regulated tokenized securities markets.
- 3Ondo Perps enables perpetual futures trading using tokenized assets as collateral while keeping trade execution private for institutional investor privacy.
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Why it matters
This shift signals Wall Street's growing adoption of tokenization and 24/7 trading infrastructure, positioning Ondo as a key player bridging traditional finance and blockchain. For Indian retail investors, this demonstrates how institutional-grade crypto derivatives and tokenized real assets are becoming mainstream, potentially creating new trading opportunities on regulated platforms.
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