Ondo Finance Unveils Integrated Infrastructure Suite to Bring US Financial Markets onto the Blockchain 

​Ondo Finance, a leader in blockchain-based financial innovation, today unveiled a suite of infrastructure products designed to bring capital markets onchain, bringing the transparency, efficiency, and accessibility enabled by blockchain technology to institutional-grade finance. At the first-ever Ondo Summit in New York City, Ondo provided details on the key pillars of this strategy, including Ondo Chain, its newly announced Layer 1 blockchain, purpose-built to support institutional-grade onchain financial markets.“Financial markets are overdue for an upgrade,” said Nathan Allman, CEO of Ondo Finance. “Today’s financial systems are plagued by high fees, limited access, and operational inefficiencies. At Ondo, we are addressing these challenges head-on by creating a unified ecosystem that bridges the best of traditional finance with the capabilities of blockchain technology.”Ondo Chain: The Infrastructure for Onchain Financial MarketsOndo Chain is a newly announced Layer 1 blockchain that is designed to accelerate the creation of institutional-grade financial markets onchain. Ondo Chain will combine the security and compliance features of the types of permissioned blockchains often used by financial institutions with the openness and accessibility of public chains like Ethereum. Validators responsible for confirming transactions will be permissioned. In addition to confirming blockchain transactions, these validators will also help ensure that other data important to well-functioning financial markets — such as asset prices and proof that tokens are adequately backed by their underlying assets — are accurate and up-to-date. Other key features include the ability to stake tokenized real-world assets to ensure network security and native omnichain bridging, allowing tokenized assets to move seamlessly between Ondo Chain and other supported chains.“Ondo Chain is designed to meet the highest institutional standards while remaining open for developers and innovators,” said Allman. ”It tightly couples onchain and offchain infrastructure, reducing cost, enhancing security, and ultimately enabling a better user experience. For these reasons, we anticipate Ondo Chain becoming the hub for the DeFi ecosystem centered on tokenized assets.”In parallel, Ondo is also launching a set of tools to enable issuers to offer other real-world assets, including tokenized securities, on Ondo Chain. These capabilities are based upon Ondo’s extensive experience tokenizing US Treasuries and include features that assist with many aspects of tokenization, including permissioning, proof-of-jurisdiction, and other compliance-related issues.Together, Ondo’s blockchain and asset technologies are designed to work together to make real-world assets more broadly accessible and usable in decentralized finance, enabling a more inclusive and efficient financial system for everyone.Industry Involvement Continues to GrowThe Ondo Summit also highlights the growing