Ondo Finance Unveils Layer-1 Network for Tokenized Assets

Ondo Finance Unveils Layer-1 Network for Tokenized Assets

New York, NY — Ondo Finance, the second-largest tokenized Treasuries issuer, said it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional capital markets with decentralized finance, the company announced on Thursday at its inaugural Ondo Summit.
Ondo Chain was crafted to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains like Ethereum, the company said. The network will rely on permissioned validators to verify transactions and ensure accurate financial data, such as asset prices and token backing. It will also support staking of tokenized real-world assets and native bridging between blockchains for interoperability.
„Financial markets are overdue for an upgrade,” CEO Nathan Allman said in a statement. „We’re creating an ecosystem that bridges the best of traditional finance with blockchain technology.”
ONDO, the native token of the ecosystem, saw volatil

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