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Wire · technology

Ondo drops tokenized asset blockchain plans for private, high-speed trading network

28 July 2026 · By · Wire by Fusion42

Published

28 July 2026

Topic

technology

◆ Sectors

Crypto & Web3

◆ Geography

United States

◆ Source

Read at coindesk.com →

◆ Verified

Fusion42 · 28 July 2026 · Fusion42 review

Ondo Finance has abandoned its layer-1 blockchain plan and launched Ondo Network, a private high-speed trading platform designed for institutional trading of tokenized assets, with its perpetual futures platform (Ondo Perps) as the first application.

This Wire brief sits within Fusion42's coverage of Crypto & Web3.

◆ ◆ The Wire takeaway

Ondo just proved that tokenized asset trading doesn't need a public blockchain—it needs a private settlement layer that executes fast and keeps positions hidden from the market. If you're building trading infrastructure for institutional crypto or RWA settlement, privacy and speed now beat decentralisation as the competitive moat.

◆ Coverage

1 source · 28 Jul 2026

◆ Related on Wire

◆ Topics

Crypto & Web3tokenizationtrading-infrastructureinstitutional-cryptoperpetual-futuresrwa