The newly introduced network enhances Ondo's perpetual futures platform and aims to facilitate trading of on-chain financial assets.
By Krisztian Sandor|Edited by Cheyenne Ligon Jul 28, 2026, 7:44 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Ondo Finance CEO Ian de Bode (Ondo Finance) SummaryShow- Ondo Finance has scrapped its plans for a traditional layer-1 blockchain, opting instead for the Ondo Network tailored for institutional trading.
- The initial application, Ondo Perps, allows users to trade perpetual futures with tokenized assets as collateral, ensuring rapid and private trade execution.
- This strategic shift coincides with Ondo's expansion as a key player in tokenized U.S. Treasuries and equities, responding to increased interest from Wall Street in tokenization and continuous trading.
Ondo Finance ONDO$0.4047 has decided to abandon its ambitions for a standard layer-1 blockchain, introducing instead the Ondo Network, which is designed to better accommodate the forthcoming generation of on-chain financial assets.
Named Ondo Network, this new system represents a departure from the company's earlier vision for Ondo Chain, intended for institutional finance and tokenized real-world assets as outlined in February 2025. After developing its perpetual futures platform, Ondo Perps, the company determined that a traditional blockchain would not meet the speed and privacy demands of institutional trading.
Ondo Perps serves as the inaugural application of this network, with features that will permit the use of tokenized assets as collateral for trades.
This transition comes as tokenization gains traction on Wall Street, where the process of converting traditional assets like stocks and bonds into blockchain-based tokens is increasingly popular, aimed at modernizing capital markets for quicker settlements and 24/7 trading. Meanwhile, perpetual futures, previously limited to crypto markets, are expanding into traditional commodities and equities such as oil and gold.
Expanding Beyond Token Issuance
Ondo has established itself as one of the leading issuers in the sector, with approximately $2.6 billion in tokenized U.S. Treasury products and about $850 million in tokenized equities, as reported by rwa.xyz. Recently, the firm’s broker-dealer received FINRA's approval to commence regulated markets and services for tokenized securities.
The new Ondo Network signifies the next phase for the company, moving beyond merely issuing tokenized assets to creating a comprehensive trading infrastructure for them.
This network distinguishes trade execution from settlement, enabling orders to be executed privately to enhance speed, while asset transfers are finalized on public blockchains.
This method aims to alleviate a significant concern for institutional investors, who wish to capitalize on the advantages of blockchain settlement without revealing their trading activities, positions, or order flows to rivals.
According to Ondo, the network could ultimately accommodate spot markets, lending, structured products, and settlement infrastructure, in addition to perpetual futures.
TokenizationReal World Assets DerivativesRelated AssetsOndo$0.400.47%Latest Crypto News- 1Wall Street veteran Don Wilson says regulators are getting perps all wrong2 hours ago
- 2BlackRock, Fidelity, other Wall Street giants back the Clarity Act3 hours ago
- 3Ethereum startup EthSystems bets privacy is key to getting banks on public blockchains4 hours ago
- 4Russia outlines new digital depository rules ahead of fall crypto framework roll-out5 hours ago
- 5Hyperliquid is taking crypto perps deep into DeFi’s ‘money LEGO’ land5 hours ago
- 6Zcash seals $1.7 billion shielded pool as Ironwood upgrade activates5 hours ago
- 7Morgan Stanley debuts ether, solana exchange-traded products after bitcoin fund success5 hours ago
- 8Core Scientific lands AMD AI deal as bitcoin mining operation winds down7 hours ago
- 9Binance makes fighting crypto crime more difficult, says new report7 hours ago
- 10Apple kept fake bitcoin wallet on App Store after $875,000 theft report, lawsuit alleges8 hours ago
Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
By CoinDesk ResearchJul 22, 2026Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
View Full ReportMore From Finance