Ondo Finance launches Ondo Chain, a Layer1 blockchain for institutional finance

the tokenized real-world asset platform Ondo Finance has launched the Layer 1 blockchain Ondo Chain for institutional finance. Ondo Chain is designed to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains such as Ethereum. The network will rely on authorized validators to verify transactions and ensure accurate financial data, such as asset prices and token support. It will also support the pledging of tokenized real-world assets and local bridging between blockchains to achieve interoperability.