Ondo Finance Ditches Layer 1 to Launch Private High-Speed Ondo Network

Ondo Finance shifts from Layer 1 to a private trading network for institutional needs, debuting Ondo Perps for perpetual futures with tokenized collateral.

Woofun AI reports that Ondo Finance has discarded its traditional Layer 1 blockchain strategy in favor of launching the Ondo Network. This new infrastructure serves as a trading network tailored for institutional requirements, facilitating private and high-speed trade execution. The network’s inaugural application, Ondo Perps, enables users to trade perpetual futures using tokenized assets as collateral, thereby decoupling rapid, private trade execution from public chain settlement. This development aligns with Ondo Finance’s existing issuance of tokenized U.S. Treasury bonds and stocks, expanding its trading infrastructure amid growing Wall Street interest in tokenization and round-the-clock markets.