Ondo Shifts from Blockchain to Private Trading Network

Ondo is dropping its plans to create a blockchain-based platform for tokenized assets. Instead, it will focus on developing a private, high-speed trading network.

The company's decision comes as part of a broader strategy to streamline its operations and improve the efficiency of its systems.

In a statement, Ondo did not provide further details about the reasons behind this change in direction. However, it noted that the new private network will be designed for institutional clients who require high-speed trading capabilities.