Ondo Finance has dropped its initial plan to build a traditional layer-1 blockchain. Instead, it launched Ondo Network, a private trading platform designed specifically for institutional needs such as speed and privacy.
This network underpins Ondo's recent perpetual futures platform, Ondo Perps, which lets users trade futures using tokenized assets as collateral. By separating fast, private trade execution from settlement on public blockchains, this approach aims to tackle the limitations of conventional blockchains in institutional finance.
Tokenization Gains Traction on Wall Street
With roughly $2.6 billion in tokenized U.S. Treasury products and about $850 million in tokenized equities issued, Ondo has become a leading player in this space. The move comes amid rising interest in tokenization turning traditional stocks, bonds, and funds into blockchain tokens as the finance sector pushes for quicker settlement and 24/7 market access.
Perpetual futures, once mostly a crypto phenomenon, are now expanding into traditional assets like stocks, oil, and gold, showing how new trading tools are blending with legacy markets.
This pivot reflects Ondo's assessment that a conventional blockchain can’t fully meet the demands of institutional traders, who require private and lightning-fast systems.
This material is for informational purposes only and does not constitute financial advice.
