Overview
- The Ondo Network, which launched July 27, replaces the company’s earlier Ondo Chain plan and is already live powering Ondo Perps, a perpetual futures product that accepts tokenized real‑world assets as collateral.
- Execution runs inside a single Trusted Execution Environment that keeps order flow and positions private while a decentralized set of attestors approves enclave code and holds split signing keys to prevent any single operator from moving funds.
- Final asset transfers currently settle on Ethereum with Ondo saying it will add more public blockchains, more independent attestors, public cryptographic commitments, and external watchers over time.
- Oasis Pro Markets, Ondo’s SEC‑registered subsidiary, recently received expanded FINRA permissions that create a regulated pathway for tokenized securities in the U.S., but individual products must meet separate eligibility and compliance rules.
- Observers and analysts warn the enclave model trades some pure‑blockchain trustlessness for speed and privacy because vulnerabilities in hardware or slow decentralization of attestors could concentrate risk, making audits, proofs, and wider attestor participation key next steps.