EN ▼
中文
English
Favorites
My Favorites
View All
Market Cap Price 24h%
SVG Image
News
Search latest news about
Community
Search latest posts about
Coins

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Ondo abandons its own blockchain and moves transaction execution out of the public chain

2026-07-31 00:23:04
Bookmark

Tokenized asset expert Ondo Finance abandoned its traditional tier 1 blockchain plan and moved to a private transaction network built for institutional speed and confidentiality.

The company's decision, announced on Tuesday, means one of the largest issuers in the field has concluded that public blockchain is not the right place to actually match transactions.

In its February 2025 vision, Ondo Finance planned to launch a product called Ondo Chain, a blockchain for institutional finance and tokenized real-world assets. But after building its new perpetual contract platform, Ondo Perps, the company said traditional blockchain is not the best tool for meeting the speed and privacy needed for institutional transactions.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
0.00% 0.00%
Bullish
Bearish

Hot Coins

More
More News
TOP

TOP