Ondo Finance announces new L1 network for RWAs

2025-2-6 21:19

Ondo Finance announced the new layer 1 Ondo Chain at its blockchain event in New York on Feb. 6. The onchain finance platform says the L1 targets institutional adoption of tokenized real-world assets.

Ondo Finance, a leading institutional-grade finance platform, has announced the launch of Ondo Chain, a new layer 1 blockchain network targeted for institutional adoption of tokenized real-world assets.

This latest Ondo Finance news comes as the native token ONDO surged in recent months amid RWA market growth. Earlier on February 6, 2025, Donald Trump-backed World Liberty Financial scooped more ONDO to add to its crypto haul.

Lookonchain shared the World Liberty ONDO purchase on X.

Ondo Finance’s new L1 chain for tokenized assets onchain

Per an announcement, Ondo aims to accelerate adoption of institutional-grade financial markets with onchain offerings on Ondo Chain. The L1 is built to bring a platform that combines security and compliance to advance the tokenized RWA market.

“Ondo Chain is designed to meet the highest institutional standards while remaining open for developers and innovators,” Nathan Allman, CEO of Ondo Finance, said. “It tightly couples onchain and offchain infrastructure, reducing cost, enhancing security, and ultimately enabling a better user experience. For these reasons, we anticipate Ondo Chain becoming the hub for the DeFi ecosystem centered on tokenized assets.”

1/ Today, we’re thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.

Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon,… pic.twitter.com/a35GHB7OFW

— Ondo Finance (@OndoFinance) February 6, 2025

As well as Ondo Chain, the summit saw the Ondo Finance team provide key updates to its other infrastructure product – the Ondo Global Markets. Ondo GM is a tokenization platform aimed at bringing publicly-traded securities onchain.

Ondo announced the new L1’s as part of its Wall Street 2.0 update at Ondo Summit 2025. The event, the first for the blockchain network, has attracted several major crypto and blockchain industry players.

Ripple, Chainlink, Blockdaemon, and Uniswap all have executives and representatives at the Ondo Summit event in New York City. The summit has also seen the involvement of asset managers Franklin Templeton, Wellington Management and WisdomTree among others.

The post Ondo Finance announces new L1 network for RWAs appeared first on CoinJournal.

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new finance ondo feb says platform targets

Источник: coinjournal.net

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