Ondo has launched Ondo Network, a verifiable execution layer designed to deliver the speed and privacy of centralized exchanges while preserving blockchain based settlement and noncustodial asset control.
The network is already live and powers Ondo Perps, the perpetual futures platform introduced last week.
Ondo Network represents an evolution of the company’s previously announced Ondo Chain initiative. The firm said building a traditional blockchain would not solve the main constraints facing trading platforms, particularly execution speed and privacy.
Instead, Ondo separated trade execution from settlement. Application logic runs privately inside hardware protected Trusted Execution Environments, while asset transfers settle on public blockchains.
A decentralized group of attestors verifies that each secure environment is running approved code. The attestors also hold separate portions of the keys required to operate the system, preventing any single operator from modifying the software or moving user funds independently.
