Ondo Finance Announces L1 Chain for Tokenised Assets

By Ben Knight February 10, 2025 In Ondo, Tokenisation
A digital image with a Ondo coin in the center, rendered in golden hues with network structures and financial data icons symbolizing cryptocurrencies and blockchain
Source:AdobeStock
  • Ondo Finance has enjoyed a stellar 2025 to date, securing key partnerships and impressive adoption of its tokenised US Treasury products.
  • The company has announced the launch of its native L1 network, purpose-built for hosting, trading and staking RWAs.
  • The design of the blockchain will be supported by institutional players like BlackRock and Franklin Templeton.
  • A release date for the project hasn’t been set.

Ondo Finance’s strong start to 2025 has gone to another level following the reveal of a new Layer 1 network for digital asset tokenisation

The protocol, to be called the Ondo Chain, is set to provide institutions with access to a range of digitised real-world assets (RWAs)

The announcement came at Ondo’s first-ever Summit last week, with the project’s native token one of few to end the week green (up 7%).

ONDO’s 1-week USDT chart, source: TradingView

Related: Report Reveals: APAC Retail Bitcoin Traders Outpace US and Europe

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Institutional Partners BlackRock, Google Cloud On-Board

According to a blog post, the new Ondo Chain will be an ‘L1 blockchain purpose-built for institutional-grade RWAs’.

The platform’s primary goal is to become the bridge between TradFi and DeFi instruments. It will use ‘permissioned validators’ to secure the network, maintaining a public ledger with staking and bridging to ensure interoperability and transparency. 

Ondo Finance has accrued several key stakeholders since its inception, including major institutional players such as BlackRock, PayPal, Google Cloud and Franklin Templeton. 

Competitors in this space, according to Ondo Finance, lack the scalability to support institutional money. So, the new protocol will support paying gas with RWAs, and staking these tokens to secure the network – creating a much broader financial ecosystem compared to relying on a single native asset.

 Mainnet Launch Date a Mystery, but RWA Revolution is Coming, CEO Says

The specific RWAs available on Ondo’s L1 are yet to be unveiled, and the offering will likely grow as the chain becomes more popular. We can assume that Ondo Finance’s key assets, tokenised US Treasuries, will be available.

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It’s also worth noting that a launch date is unclear – but the Ondo Finance CEO believes it will take a couple of years before RWAs are fully adopted. Nevertheless, he says the seismic shift is coming:

Financial markets are overdue for an upgrade…we’re creating an ecosystem that bridges the best of traditional finance with blockchain technology.

Nathan Allman, CEO of Ondo Finance

Ben Knight
Author

Ben Knight

Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.

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