Ondo Launches Execution Layer for Open Financial Markets

Ondo Finance has launched its Ondo Network, a new execution layer designed for open financial markets. This network aims to provide fast and private transactions while maintaining on-chain verification and non-custodial infrastructure.

The Ondo Network uses Secure Hardware Enclaves (Trusted Execution Environments) to execute applications in isolation at high speeds, similar to those found in centralized exchanges. However, these enclaves are also linked to a public blockchain for verification and settlement purposes.

The first application built on the Ondo Network is Ondo Perps, a perpetual futures trading platform that offers professional-grade performance without compromising on-chain principles. The company plans to expand its infrastructure to support various crypto-native financial products in the future.