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Ondo Finance Launches Ondo Network for Self-Custodied Trading; Protocol Holds $3.48B in Assets

Project Progress

2026-07-28 07:32:01

ONDO-6.26%

ETH-4.40%

Ondo Finance launched the Ondo Network on Monday, an execution layer that runs application code inside hardware enclaves and settles asset transfers on public blockchains. The network replaces the Layer 1 chain the company announced in February 2025 and never deployed. Ondo's protocol currently holds US$3.48 billion in assets, with US$1.89 billion on Ethereum.

Ondo Perps, the perpetual futures platform launched this month, is the first application running on the network. The platform describes itself as combining "the speed and privacy of a centralized exchange" with blockchain verifiability and non-custodial design.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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