L1 Blockchain Network for Institutional Tokenization Unveiled
The team at Ondo Finance introduced an L1 blockchain solution for the tokenization of real-world assets (RWA) by institutional entities. The project aims to bridge the gap between TradFi and DeFi.
![L1 Blockchain Network for Institutional Tokenization Unveiled image 0](https://img.bgstatic.com/multiLang/image/social/5a8ee72e52560b390407f43affca7cd61738971186154.png)
Ondo Finance, a decentralized financial protocol, announced the launch of the Ondo Chain blockchain, which is built on a Proof-of-Stake consensus algorithm specifically designed for institutional participation in the RWA market. Key features of this solution include the integration of permitted validators, decentralized price oracles, omnichain communication mechanisms, and the ability to use tokenized assets for staking and transaction guarantees.
Ondo Chain will provide institutional players with access to advanced on-chain market capabilities, including:
- prime brokerage services allowing cross-collateralization of crypto and traditional assets;
- on-chain asset management with automatic portfolio balancing;
- cross-chain token issuance and the distribution of stablecoins backed by RWAs.
Developed in response to the limitations of existing blockchain solutions, Ondo Chain combines the advantages of both public and private networks, ensuring institutional-grade security, DeFi compatibility, seamless liquidity, and low transaction costs. While primarily targeted at institutional entities, the platform will also be accessible to retail investors.
The creation of the protocol involved consultations with representatives from major companies, including Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, McKinsey, and others, all of which are already utilizing RWA products within the Ondo Finance ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Evaluating Probability of Ethereum Breaching the $4K Milestone Soon
Ethereum's Potential Bull Run Versus Existing Downward Forces: The Battle for the $4K Mark
![](https://img.bgstatic.com/multiLang/image/social/a3e1b4ed5bea1a811ee9bc69e495eca01739039599124.png)
What Stage of the Bitcoin Bull are We in? Are We Nearing The End Or Are We Just Getting Started?
Which stage of the bull run are we in in Bitcoin, the world's largest cryptocurrency? Are we nearing the end of the bull run? Here is the analyst forecast.
IOTA Rebased Testnet Onboards Trusted Validators Securing Billions in Assets
![](https://img.bgstatic.com/multiLang/image/social/2e439c7d5fd5f6faef1ba09b04d7b8921739033707173.jpg)
NEAR Protocol Supports Web3 AI With New $20M Development Fund
![](https://img.bgstatic.com/multiLang/image/social/867c79bdb67f7bd61c98b9af1146badc1739033706549.png)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)