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Ondo Network Launches as Execution Layer for Open Financial Markets

Created at 27 Jul · 7:11 PM1 source↑ Market-relevant
IN SHORT

Ondo Finance has launched Ondo Network, a new execution layer designed for high-speed private trading in open financial markets. The system separates execution, validation, and settlement, with Ondo Perps as its first application.

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Key Numbers

24-hourtrading support for Ondo Perps

Who's Involved

Ondo Finance
Launched Ondo Network for high-speed private trading
Ian De Bode
CEO of Ondo Finance, described network architecture
Ondo Perps
First application built on Ondo Network
Oasis Pro Markets
Will offer regulated market access to U.S. investors

↳ Why This Matters

The launch of Ondo Network aims to enhance efficiency and privacy in financial markets by separating trading execution from settlement, potentially enabling new forms of digital asset trading and broader access to regulated securities for U.S. investors.

Key facts

  • Ondo Network separates execution, validation, and settlement to improve trading speed.
  • Ondo Perps is the first application on the network, enabling 24-hour trading with tokenized real-world assets.
  • Oasis Pro Markets will provide U.S. investors access to various regulated securities.
  • Asset settlement currently occurs on Ethereum, with future expansion to other blockchains planned.
  • The ONDO token remains the governance and incentive token for Ondo's RWA ecosystem.

Ondo Finance has launched its Ondo Network, a new execution layer engineered to facilitate faster private trading within open financial markets. This innovative architecture decouples the processes of execution, validation, and settlement, addressing perceived bottlenecks in existing blockchain infrastructure.

According to CEO Ian De Bode, the Ondo Network represents an evolution from the company's earlier Ondo Chain concept. The shift in strategy was prompted by user feedback and an understanding of current infrastructure limitations, particularly concerning trade execution speed. The network utilizes secure hardware enclaves for private and high-speed execution, with decentralized attestors verifying approved code, while settlement of asset transfers is handled by blockchains.

The initial application deployed on Ondo Network is Ondo Perps, a platform designed for 24-hour trading of stock and commodity perpetual contracts, allowing tokenized real-world assets as collateral. Ondo has indicated that the network's capabilities extend beyond perpetual futures, supporting spot markets, structured products, and lending markets.

Oasis Pro Markets, Ondo's registered transfer agent, will leverage the new authorizations to grant U.S. investors access to a range of securities, including NMS equities, ETFs, mutual funds, index funds, and IPO securities. These tokens are minted on Ethereum and backed by real shares, with regulated custodians overseeing the underlying securities.

Asset transfers currently settle on the Ethereum blockchain, though Ondo plans to integrate with additional public blockchains in the future. Settlement can be conducted in fiat or supported stablecoins, directly between blockchain wallets. The company affirmed that the ONDO token will continue its role as the governance and incentive token for its real-world asset ecosystem.

Frequently asked questions

Ondo Network is a high-speed execution layer designed by Ondo Finance for faster private trading in open financial markets. It separates execution, validation, and settlement processes.

Ondo Perps is the first application built on Ondo Network, offering 24-hour trading for stock and commodity perpetual contracts using tokenized real-world assets as collateral.

Asset transfers currently settle on Ethereum, with plans to expand to more public blockchains. Settlement can occur in fiat or supported stablecoins.

The ONDO token continues to serve as the governance and incentive token for Ondo's real-world asset ecosystem.

What Happens Next

01Future versions may add broader attestor participation and proof-of-stake security.
02The network plans to commit the settled state to public blockchains over time.
03Additional public blockchains are planned for asset transfer settlement.

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Cadence

How It Developed

Ondo Finance launched Ondo Network, a high-speed execution layer for private trading.
The network separates execution, validation, and settlement functions.
Ondo Perps, supporting 24-hour trading with tokenized real-world assets as collateral, is the first application on the network.
Oasis Pro Markets will offer U.S. investors access to NMS equities, ETFs, mutual funds, index funds, and IPO securities through the network.
Asset transfers currently settle on Ethereum, with plans to expand to more public blockchains.

Sources

T1
Ondo Network Goes Live as Execution Layer for Open Financial MarketsCoinGape

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