Ondo Finance Unveils Ondo Network, a New Execution Layer for High-Performance Trading
Ondo Finance has introduced the Ondo Network, an execution layer designed to combine exchange-like speed with non-custodial trading and onchain settlement. The network is built on secure hardware enclaves that isolate the execution environment, allowing for fast and private transactions while maintaining user control over assets.
The Ondo Network separates execution from verification and settlement, a departure from traditional blockchains that perform these tasks simultaneously. This design aims to address the tradeoff between speed and custody in high-performance trading.
Ondo Perps is the first application built on the network, offering 24/7 perpetual futures tied to equities and commodities with tokenized real-world assets as collateral. The launch of Ondo Network marks a significant shift for the company, which had originally planned to build a full blockchain called Ondo Chain.