Ondo Finance announced the launch of Ondo Network, a new high-performance execution layer designed to combine CEX-level trading speed with blockchain self-custody and settlement. According to ChainCatcher, CEO Ian De Bode said the network is an evolution of the earlier Ondo Chain plan, and the company will not run both networks at the same time.
Ondo said the shift came after building Ondo Perps and speaking with users, which showed that the main bottleneck was trade execution rather than asset settlement. The network separates execution, validation, and settlement, using secure hardware to isolate the execution environment while preserving self-custody, verifiability, and permissionless access.
Ondo Perps is the first application built on the network and supports 24-hour trading in stock and commodity perpetual contracts, with tokenized real-world assets allowed as collateral. Ondo said the network could later support spot trading, lending, and structured products that require high performance, privacy, and verifiable execution. The company also said the launch does not change the role of the ONDO token, which will remain the governance and incentive token for the Ondo RWA ecosystem and market infrastructure.
Ondo Finance Launches Ondo Network as High-Performance Execution Layer
2026-07-27 16:03:41
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