📰 **Ondo Scraps Its Layer-1 Blockchain Plan for a Private Trading Network**

Ondo Finance has abandoned its 2025 plan to build _Ondo Chain_, a dedicated layer-1, and shipped **Ondo Network** instead — a system that splits fast, private trade execution from settlement on public blockchains.
• The first application is **Ondo Perps**, a perpetual futures exchange using tokenized assets as collateral.
• Ondo already issues roughly **$2.6B** in tokenized Treasuries (OUSG, USDY) and ~$850M in tokenized equities, and its broker-dealer recently won FINRA approval for tokenized securities markets.
• The pivot reflects growing institutional demand for blockchain settlement without exposing trading activity or order flow to competitors.

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