Ondo Finance Launches Ondo Network and Ondo Perps

Ondo Finance has launched Ondo Network, with Ondo Perps for perpetual futures becoming the first platform in this system. For traders, this is important news: the team says the new setup is designed to combine fast execution, privacy, and settlement through public blockchains.

The project presents Ondo Network not as a new blockchain, but as the next step after Ondo Chain. In this model, trade execution takes place in secure TEE hardware enclaves, while a set of attestors verifies the code and connects the environment to public networks. We previously wrote about crypto ETF inflows, and this launch fits well with demand for tokenized financial instruments.

Why did Ondo move away from a standard L1?

Ondo Chain was announced back in February 2025 as a layer-1 network for tokenized real-world assets. At the time, the project’s counterparties included Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey. But when the team got to Ondo Perps, it became clear that this was no longer enough for exchange-style trading.

The problem is simple. A public blockchain works well for transparency, but it is less suitable for very fast order execution and confidentiality. That is why Ondo moved trade execution itself into TEE and left final settlement on the public chain. This is a different operating logic, not a cosmetic name change. That is why Ondo Network was presented as an evolution, not as a separate L1 project.

What does the launch of Ondo Perps mean for the market?

In its release, Ondo explicitly says the new architecture does not change the role of the ONDO token. It remains a central part of the ecosystem and is still intended to be used for incentives as the number of attestors grows. Against this backdrop, the asset showed a modest rebound, but it did not fully recover the drop after July 27, 2026.

For scale, this is no small experiment. According to DefiLlama, Ondo Finance’s combined protocol already includes Ondo Yield Assets, Ondo Global Markets, and Ondo Perps, with annualized fees estimated at $57.16 million, while protocol revenue stands at $13.09 million. Separately, CoinGecko values ONDO at about $0.3309, with a market cap of $1.89 billion and a circulating supply of around 4.9 billion tokens.

"The main problem was that many of the properties that make public blockchains attractive often conflicted with the needs of trading platforms," Ondo Finance said. That is why the company chose TEE instead of trying to force a standard L1 to do everything at once.

• Ondo Network was launched as an execution layer, not as a separate blockchain.

• The first application is Ondo Perps for perpetual futures.

• Trades are executed privately in TEE, while settlement goes through a public blockchain.

• The team is betting on low latency and verified code.

• ONDO does not lose its role in the system.

• The market has already seen a short rebound, but without a full recovery after July 27, 2026.

What does this mean for investors?

What matters here is not only the launch itself, but also the fact that Ondo Perps works with an instrument the market knows well: perpetual futures. According to the press release, the platform launched on July 7, 2026 for investors outside the US, offers up to 20x leverage, 24/7 trading, and collateral in the form of tokenized stocks, ETFs, and stablecoins. Access, as noted in the material, is closed to the US, Panama, Canada, and other restricted jurisdictions.

At launch, Ondo Perps covers perps on stocks, ETFs, and commodities, including SPCX, MU, NVDA, TSLA, AAPL, QQQ, gold, silver, and oil. This is no longer just a tokenization test, but an attempt to bring familiar assets and derivatives on them into one place. For Ukrainian readers, the main takeaway is simple: the market is moving toward models where tokenized assets stop being a separate story and start functioning as part of normal trading. And if someone needs to quickly sell USDT TRC20 to Monobank, it is more convenient to do it without extra steps.

And one more nuance. When a platform keeps execution in a private environment and moves the final record to a public network, it reduces some of the technical conflicts between speed and transparency. It is precisely such solutions, rather than loud slogans, that often determine whether a product can survive after the initial hype.

Frequently asked questions

What is Ondo Network in simple terms?

It is not a separate blockchain, but an execution layer for Ondo applications. It uses TEE and attestors so that trades are executed quickly, privately, and with verified code.

How is Ondo Perps different from regular futures trading?

Ondo Perps uses tokenized stocks, ETFs, and commodities as collateral and offers up to 20x leverage. The platform also claims 24/7 trading, which matters for those who do not want to wait for traditional markets to open.

Does the launch of Ondo Network affect the ONDO token?

The company says the token’s core function does not change. ONDO remains part of the ecosystem, and its role may grow along with the number of attestors.

The launch of Ondo Network shows that tokenization is already moving beyond simple news about funds or stocks. The focus is now on infrastructure that must support fast trading, privacy, and settlement on a public chain.

This material is not financial advice. Cryptocurrency trading involves significant risks. Part of this text was prepared with the help of artificial intelligence based on public sources and reviewed by our editorial team.