Ondo Finance Abandons Layer 1 Plans and Launches Private, High-Speed Trading Network, Ondo Network.

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Alexandre Gomes, da Claro: company enables private networks for large customers Disclosure The digitization of the factory floor gained an ally with the consolidation of private networks in the industry and that also advance in mining companies, oil, energy, media and agriculture, for automation of operations in inhospitable or remote areas. The movement began with private networks 4G and evolved to 5G, connecting, with less latency and greater …

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ChainCatcher reports that Ondo Finance, a tokenized asset issuer, has abandoned its traditional Layer 1 blockchain plans and launched Ondo Network instead. This platform is positioned as a trading network for institutional needs, supporting private and high-speed trade execution. Ondo Network's first application, Ondo Perps, will allow users to trade perpetual futures using tokenized assets as collateral, separating fast, private trade execution…