Ondo Finance infrastructure development

Ondo launches offchain execution network, shifting from Layer-1 plan

Ondo's Oasis Pro Markets unit secured FINRA authorizations to offer tokenized equities and funds to US investors.

On July 23, 2025, Ondo's Oasis Pro Markets unit secured FINRA authorizations to offer tokenized equities and funds to US investors [12]. The broker-dealer had previously obtained FINRA approval to launch regulated markets and services for tokenized securities [6].

This approval is part of Ondo's broader infrastructure push, which includes the Ondo Network—an offchain execution network that separates trade execution from settlement. The network represents an evolution from Ondo Chain, a layer-1 blockchain announced in February 2025 [1][2][3]. Ondo Network currently runs in a single high-performance enclave using trusted execution environments, though the firm plans to decentralize over time [7][9][10].

Ondo Chain reached testnet in 2025 and completed its first transaction—a tokenized US Treasury settlement—with JPMorgan's Kinexys and Chainlink [11]. Around the same time, Ondo partnered with Japan's SBI Group to bring Japanese equities onchain [13]. The firm holds approximately $2.6 billion in tokenized US Treasury products and $850 million in tokenized equities, according to rwa.xyz [5].

Ondo partnered with Japan's SBI Group to bring Japanese equities onchain.

Ondo Finance partnered with Japan's SBI Group in mid-July 2025 to bring Japanese equities onto the blockchain. The partnership was announced approximately one week before July 23, 2025, according to reports.

The collaboration is part of Ondo's broader push into tokenized securities. Shortly after, on July 23, Ondo's broker-dealer unit Oasis Pro Markets secured FINRA authorization to offer tokenized equities and funds to US investors, further expanding its regulated market infrastructure.

Ondo Chain, a layer-1 blockchain, was announced.

In February 2025, Ondo Finance announced Ondo Chain, a layer-1 blockchain. According to later reports, Ondo Chain reached testnet later that year, with JPMorgan's Kinexys and Chainlink completing its first transaction involving a tokenized US Treasury settlement.

The project was later described by CEO Ian De Bode as the "evolution" into Ondo Network, an offchain execution network that separates trade execution from settlement. Ondo Chain's original vision as a layer-1 blockchain was shifted to a more concentrated system using secure hardware enclaves.

Ondo Chain reached testnet and completed its first transaction with JPMorgan's Kinexys and Chainlink.

Ondo Finance announced Ondo Chain, a layer-1 blockchain, in February 2025, according to the company's later statements.

Later in 2025, Ondo Chain reached its testnet phase. The first transaction was completed with JPMorgan's Kinexys and Chainlink, settling a tokenized US Treasury.

This testnet was a step before the launch of Ondo Network, an offchain execution network that was described as the evolution of Ondo Chain.