Ondo Finance, a leading player in tokenized real-world assets, has announced the launch of Ondo Chain – a Layer 1 blockchain network designed to integrate traditional and decentralized finance. The announcement was made at the inaugural Ondo Summit, marking a pivotal step in the evolution of institutional-grade blockchain infrastructure.
Advantages of Ondo Chain
Ondo Finance has identified barriers to scaling tokenized securities on blockchain networks, including DeFi incompatibility with public securities, liquidity fragmentation, high and unstable transaction fees, security issues, and institutional hesitation due to regulatory risks.
Solutions Provided by Ondo Chain
Ondo Chain offers a hybrid approach combining the openness of public blockchains with the security and compliance of permissioned chains. Key solutions include institutional-grade network security, permissioned validators for compliance, native support for tokenized RWAs, cross-chain interoperability, and a dual-tier governance model.
Prospects for Real-World Asset Tokenization
Key benefits of Ondo Chain include global accessibility of tokenized assets, lower transaction costs, enhanced institutional participation, security through permissioned validators, and seamless DeFi integration. Analysts predict the tokenized real-world asset market could reach trillions of dollars in the coming decade.
Ondo Chain presents an innovative solution for real-world asset tokenization, blending the best aspects of public and permissioned blockchains. This new initiative has the potential to transform the market by enhancing accessibility, regulatory compliance, and cost efficiency.
