Ondo Finance has announced the launch of Ondo Chain, an L1 blockchain designed to accelerate institutional adoption of tokenized assets.
Purpose of Creating Ondo Chain
Ondo Chain is created to support institutional tokenization of securities. The project has been under development for several months and aims to overcome issues such as incompatibility with decentralized finance, liquidity fragmentation, and high transaction costs, with a focus on network security and regulatory compliance.
Advantages and Features
This blockchain uses a combination of public and permissioned networks, providing an open infrastructure focused on compliance and security. Key features include native support for real-world assets in DeFi, transaction validation, internal protection, and omnichain messaging.
Future of Institutional Tokenization
Ondo Finance aims to create a cost-effective and secure experience for investors, encourage financial institution participation, and foster crypto application development. According to RWA.xyz data, the market for tokenized real-world assets has grown to $17 billion over the past year.
The launch of Ondo Chain marks a significant step towards bridging traditional finance with the crypto world by offering robust infrastructure for asset tokenization.
