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Wire · technology

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

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. 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.

Related on Wire

Topics

Crypto & Web3tokenizationtrading-infrastructureinstitutional-cryptoperpetual-futuresrwa