Wire · technology
Ondo drops tokenized asset blockchain plans for private, high-speed trading network
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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. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.
◆ ◆ 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.
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