Ondo Chain launches to bridge Wall Street and DeFi

Ondo Finance has launched Ondo Chain, a new Layer 1 blockchain designed to bridge traditional finance (TradFi) and decentralised finance (DeFi) by facilitating the tokenisation of real-world assets (RWAs).

The announcement was made at the Ondo Summit in New York City.

Ondo Chain aims to meet institutional standards while remaining open to developers and innovators.

It combines the openness of public blockchains with the compliance and security features of permissioned chains.

This hybrid approach is intended to address challenges like high transaction fees, liquidity fragmentation, and regulatory compliance in tokenised securities.

The blockchain is designed for institutions to integrate tokenised assets into DeFi and supports Ondo Global Markets, which provides onchain access to U.S. stocks, bonds, and ETFs.

It enables staking mechanisms for tokenised RWAs and supports native omnichain bridging for seamless asset transfers across networks.

Key features include permissioned validators to prevent front-running, lower gas fees, and staking tokenised RWAs to secure the network.

Financial institutions such as Franklin Templeton, Wellington Management, and WisdomTree have advised on the project.

Ondo Chain will enable asset managers to create omnichain RWAs and manage them effectively.

The Trump family's World Liberty Financial (CRYPTO:WLF) plans to create a strategic reserve with tokens it holds, including $470,000 worth of ONDO (CRYPTO:ONDO) tokens acquired on February 6.

WLF's total crypto holdings are valued at $35.4 million.

At the time of reporting, the Ondo (ONDO) price was $1.35.