Ondo drops tokenized asset blockchain plans for private, high-speed trading network

60-second summary

Ondo is dropping its plans for tokenized asset blockchain, opting instead for a private, high-speed trading network that will power its perpetual futures platform, launched recently. The new network will eventually support trading across various onchain financial assets, aiming to improve trading efficiency and security for users. This shift has significant implications for the decentralized finance (DeFi) industry.