PANews reported on February 6 that according to CoinDesk, Ondo Finance, the world's second largest U.S. Treasury tokenization platform, announced the launch of Ondo Chain, a permissioned Layer-1 blockchain designed specifically for traditional financial institutions, aiming to connect traditional capital markets with decentralized finance (DeFi).

Ondo Chain will meet compliance standards while maintaining the transparency and accessibility of the public chain, and use licensed verification nodes to ensure the accuracy of financial data. The network supports tokenized asset pledge and inter-chain interoperability, providing institutions with more efficient asset management solutions.