Ondo Finance Unveils Evolutionary Execution Network

Ondo Finance has launched its new execution network, called the Ondo Network. This is described as an 'evolution' of Ondo Chain, a previous blockchain developed by the company.

Ondo CEO Ian De Bode said the Ondo Network separates execution from settlement and verification while keeping users in control of their assets. He explained that traditional blockchains perform these tasks on the same ledger, making them too slow and transparent for high-performance trading.

The new network is general-purpose and could support applications beyond perpetual futures, including spot markets, lending, structured products, and non-financial applications. Ondo Perps is the first application built on the network.