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Ondo launches a new layer 1 blockchain: Ondo Chain
By Daniele Corno
Between traditional finance and RWA, Ondo Finance expands after launching Ondo Global Markets launches its layer 1 blockchain: Ondo Chain
Where finance meets Blockchain
The RWA ( On-Chain Finance) protocol Ondo Finance has announced the launch of its Blockchain Layer 1 “Ondo Chain”, designed to accelerate the creation of on-chain financial markets.
1/ Today, we’re thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon,… pic.twitter.com/a35GHB7OFW
— Ondo Finance (@OndoFinance) February 6, 2025
Ondo is known for forging noteworthy partnerships and as further confirmation, among the various partners for the development of Ondo Chain are: Franklin Templeton, Wellington Management and WisdomTree.
During the development of the Ondo Global Markets platform, the team found that current public blockchains are not optimized to support traditional financial assets.
The main issues include lack of compatibility with decentralized finance (DeFi), fragmentation of cross-chain liquidity, high and volatile fees, and regulatory issues for financial institutions.
Ondo Chain was created to address these obstacles, providing an infrastructure that guarantees compliance, security and efficiency.
An Institutional Blockchain
Ondo Chain is designed to make traditional finance more accessible on the blockchain.
The network offers greater security and lower costs, using real assets (RWAs) as collateral to protect the network. To avoid manipulation, only trusted and regulated institutions will be able to operate as validators.
In addition, Ondo Chain integrates accurate and up-to-date financial data thanks to validators that act as oracles. The network also includes an omnichain bridge, which facilitates the transfer of assets between different blockchains, working to solve the problem of fragmented liquidity
The two recent launches of Ondo Global Markets and Ondo Chain have not particularly influenced the Ondo token. However, with over $600 million TVL, the price has maintained a positive trend, recovering the entire loss with a net +55% in the last 5 days.
