Ondo shifts from layer-1 blockchain plan to offchain execution network

Written by Bryan O'Sheastaff editorReviewed by Robert Lakinstaff editorWritten by Bryan O'Sheastaff editorReviewed by Robert Lakinstaff editorOndo shifts from layer-1 blockchain plan to offchain execution networkLatest NewsPublishedJul 28, 2026The new system marks an apparent departure from the institution-focused layer-1 blockchain Ondo announced in 2025.Real-world asset tokenization platform Ondo Finance has launched an offchain execution network in an apparent pivot away from the institution-focused layer-1 blockchain it announced in 2025. The company said Monday that Ondo Network will handle trades away from public blockchains and is already being used by Ondo Perps, its perpetual futures platform. Traditional blockchains typically rely on distributed networks of computers to validate transactions and maintain shared state. Ondo Network instead runs its trading software inside one protected computing environment that the company calls “enclaves,” which are also known as Trusted Execution Environments in crypto parlance. A group of operators checks that the software has not been altered, and each holds part of the digital key needed to authorize transfers. Ondo said transfers are ultimately recorded on public blockchains, but it did not identify the operators or say how many are involved.Ondo described the system as a continuation of Ondo Chain, which it announced in February 2025 as a blockchain for putting traditional financial assets onchain. “It isn’t a blockchain today; it doesn’t need to be,” the company said. Ondo said it may later add more operators, record more activity on public blockchains and introduce a system requiring participants to put up tokens as security, but it gave no timeline.Ondo Chain reached testnet in 2025, when JPMorgan’s Kinexys and Chainlink completed its first transaction, a tokenized US Treasury settlement.Related: Ondo Finance unveils layer-1 blockchain for institutions to tokenize RWAs Subscribe to daily byte-sized crypto news…

Ondo shifts from layer-1 blockchain plan to offchain execution network

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