[Ondo Abandons Independent Blockchain Route, Launches New Execution Network: Building an 'On-Chain Exchange-Level Performance' Architecture] BlockBeats News, July 27, Ondo Finance announced the launch of the new Ondo Network, positioned as a high-performance execution layer aimed at combining centralized exchange (CEX)-level trading speed with the non-custodial and secure settlement capabilities of blockchain. Ondo CEO Ian De Bode stated that Ondo Network is an 'evolved version' of the previous Ondo Chain plan. The company will not operate two networks simultaneously but will shift from building a complete blockchain to focusing on an execution-layer architecture. According to the announcement, Ondo initially planned to fully tokenize real-world assets through Ondo Chain. However, after developing the Ondo Perps perpetual contract trading platform and communicating with users, they discovered that the current market's core bottleneck is not asset settlement but trading execution efficiency. Ondo Network adopts a separation of execution, validation, and settlement architecture, utilizing secure hardware-isolated execution environments to enhance trading speed while maintaining user asset self-custody, verifiable transactions, and permissionless blockchain characteristics. Currently, Ondo Perps has become the first application built on this network, supporting 24/7 trading of perpetual contracts for stocks and commodities, and allowing tokenized real-world assets to be used as collateral. Ondo stated that in the future, the network could also support spot trading, lending, structured products, and other applications requiring high performance, privacy protection, and verifiable execution. Additionally, the launch of Ondo Network will not change the positioning of the ONDO token. The CEO emphasized that ONDO will remain the governance and incentive token for the Ondo RWA ecosystem and market infrastructure. As the network gradually decentralizes, ONDO will be used to coordinate the incentive mechanisms for validator nodes, observers, and ecosystem participants. [Original Link]