Ondo Finance Launches Ondo Network and Drops Planned Layer 1 Chain
2026-07-29
Ondo Finance has officially introduced the Ondo Network, marking a major change in its strategy for building blockchain infrastructure.
Instead of launching the previously announced Ondo Chain as a dedicated Layer 1 blockchain, the company has developed a new execution layer that focuses on faster trade execution while keeping settlement on public blockchains.
The first application running on this infrastructure is Ondo Perps, a perpetual futures platform that combines private trade execution with self custody.
This shift reflects Ondo’s goal of improving the trading experience for tokenized financial markets while maintaining blockchain transparency and security where it matters most.
Key Takeaways
Ondo Network replaces the planned Ondo Chain with an execution layer focused on speed, privacy, and on-chain settlement.
Ondo Perps is the first application, offering perpetual futures with non custodial trading and tokenized assets as collateral.
The ONDO token continues to support governance while the network is expected to become more decentralized over time.
Why Ondo Finance Replaced Ondo Chain

Ondo Finance originally planned to launch Ondo Chain as a Layer 1 blockchain designed for tokenized real world assets.
During development, however, the team found that settlement was not the biggest challenge facing blockchain based financial markets. Instead, execution speed became the primary limitation.
Traditional blockchains handle execution, verification, and settlement on the same ledger.
While this provides transparency and strong security, it can slow trading and expose sensitive order information to the public.
These characteristics make it difficult to match the performance of centralized exchanges. The Ondo Network separates execution from settlement.
Trades are processed privately through secure hardware while final asset transfers continue to settle on Ethereum. Additional blockchain support is planned in the future.
What This Means
Faster trade execution for financial applications.
Private order flow that reduces unnecessary market exposure.
Public blockchain settlement that preserves transparency and asset ownership.
This architecture is designed to support high performance financial products without sacrificing the benefits of blockchain technology.
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How Ondo Network and Ondo Perps Work
The Ondo Network introduces a different approach by separating execution, verification, and settlement into specialized functions.
Private Execution
Trades run inside secure hardware enclaves that process transactions without exposing order flow or trading positions.
This allows applications to achieve execution speeds closer to centralized exchanges while maintaining user privacy.
Decentralized Verification
A decentralized network of attestors verifies which software the secure hardware is allowed to run.
This helps ensure that applications operate according to approved rules without relying on a single trusted party.
On-chain Settlement
Although execution happens privately, completed asset transfers settle on Ethereum. Ondo also plans to support additional public blockchains and eventually publish settled records on-chain for greater transparency.
The first application using this infrastructure is Ondo Perps, which offers 24 hour perpetual futures tied to equities and commodities.
Traders can also use tokenized real world assets as collateral while maintaining control of their own funds.
What the Launch Means for the ONDO Ecosystem
The launch of the Ondo Network represents more than a technical upgrade. It also expands the potential use cases for the broader Ondo ecosystem.
While Ondo Perps is the first application, the network is intended to support many other financial services, including:
Spot trading platforms.
Lending markets.
Structured financial products.
Settlement infrastructure.
Other applications requiring fast and private execution.
The role of the ONDO token remains largely unchanged for now. It continues to serve governance functions across the ecosystem.
As the network becomes more decentralized, the token may also support incentives for network participants and governance decisions.
At the same time, Ondo’s recent regulatory progress through Oasis Pro Markets provides separate infrastructure for regulated tokenized securities in the United States.
Although this does not automatically make every Ondo product available to US investors, it strengthens the company’s long term strategy for regulated tokenized financial markets.
Read Also: Ondo $ONDO Price Prediction 2026: Outlook, Key Levels, and How to Buy on Bitrue
Conclusion
The launch of the Ondo Network marks an important step in Ondo Finance’s development.
Rather than continuing with a traditional Layer 1 blockchain, the company has chosen an execution focused architecture that prioritizes speed, privacy, and efficient trading while preserving blockchain settlement and user ownership of assets.
With Ondo Perps already operating on the new network, Ondo is demonstrating how tokenized financial markets may evolve beyond conventional blockchain designs.
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FAQ
What is the Ondo Network?
The Ondo Network is an execution layer developed by Ondo Finance that separates trade execution from blockchain settlement to improve trading speed and privacy.
Is Ondo Chain still being launched?
No. Ondo Finance has confirmed that the Ondo Network replaces the planned Ondo Chain and will serve as the company’s primary infrastructure.
What is Ondo Perps?
Ondo Perps is the first application built on the Ondo Network. It offers perpetual futures linked to equities and commodities while allowing users to retain control of their assets.
What is the purpose of the ONDO token?
The ONDO token currently supports governance within the Ondo ecosystem and may gain additional utility as the network becomes more decentralized.
Can the Ondo Network support applications beyond perpetual futures?
Yes. Ondo Finance says the network is designed to support spot markets, lending, structured products, settlement systems, and other applications that benefit from fast and private execution.
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Disclaimer: The content of this article does not constitute financial or investment advice.





