Ondo Finance Launches Layer-1 Blockchain for Tokenized Assets
- Ondo Finance announced its new layer-1 blockchain, Ondo Chain, at the Ondo Summit.
- The blockchain is designed to connect traditional capital markets with decentralized finance.
- Ondo Chain will use permissioned validators for transaction verification and financial data accuracy.
- The native token, ONDO, experienced a volatile price movement following the announcement.
- The company is the second-largest issuer of tokenized U.S. Treasuries offerings.
Ondo Finance aims to bridge traditional finance with blockchain technology through its new Ondo Chain, which supports staking and interoperability while ensuring compliance and transparency. The native token ONDO showed volatility post-announcement.
Source (2.6)https://www.coindesk.com/business/2025/02/06/ondo-finance-unveils-layer-1-network-for-tokenized-assets?rand=52298
