TECHNOLOGYCOINDESK
Ondo drops tokenized asset blockchain plans for private, high-speed trading network
Ondo has abandoned its plans for tokenized asset blockchain technology in favor of a private, high-speed trading network. The shift indicates a strategic pivot away from blockchain-based solutions.
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Adjacent reporting
- Ondo shifts from layer-1 blockchain plan to offchain execution network
- Tokenization mirrors the $20 trillion ETF boom as blockchain and AI converge, Ondo exec says
- Ondo expands tokenized equities with onchain shareholder voting
- Ondo Finance says tokenized stocks can now be used as collateral for perp trading
- Blockchain.com deepens onchain stock offerings as tokenized equities market grows
- Ondo brings proxy voting to tokenized stocks and ETFs with Broadridge