Introducing the Ondo Network, the execution layer for open financial markets, and the evolution of our vision for Ondo Chain. Fast and private like a CEX. Verifiable like a blockchain. Non-custodial in design. How it works: → Enclaves for private, high-speed execution → Decentralized attestors for verifiability → Blockchains for asset transfer settlement The first application powered by the Ondo Network is @OndoPerps, the high-performance perpetual futures platform. But the Network is not a perps-specific system. It is general-purpose infrastructure for any application that needs execution speed, privacy, and distributed, verifiable correctness. Spot markets, structured products, lending markets, and more can all be built on it. Our mission has always been to make finance more accessible, and blockchain was our most powerful tool for getting there. But we always let the goal, not the technology, lead. And building for Ondo Perps, we realized that addressing the infrastructure constraints that matter today didn’t require us to build a chain — at least in the traditional sense — at all. Financial infrastructure always meant tradeoffs: speed, privacy, control, verifiability, you bought one by giving up another. Those tradeoffs seemed inherent. They weren’t. They came from forcing execution, verification, and settlement into one place. Separate them, and you can have the right technology for the right use. That’s the Ondo Network. Though the Ondo Network was first launched to enable Ondo Perps, this is only just the beginning of what can be done, including further opening the attestor set, proof-of-stake security, onchain state settlement, additional cryptographic proofs, selective privacy, and novel roles for staking. Note that with each of these, the Ondo Network starts to look more like what people have always actually valued in a blockchain: many independent operators, one shared history, security that comes from economics and cryptography instead of mere trust, and rules anyone can check. But it does so in a way that gives users the speed and privacy they want. That’s why the Ondo Network is really the continuation of what we set out to build with Ondo Chain. It isn’t a blockchain today; it doesn’t need to be. But as the Network evolves, we expect that distinction to get harder to make. While the Ondo Network isn’t the blockchain we initially planned, it’s actually the truer expression of why we wanted one. The future of open financial markets won’t be defined by onchain or offchain, but by the properties that they need to function: speed, privacy, robustness, verifiability, composability, and access, all in different measures for different use cases. The Ondo Network is not a bet on any one technology, but on the goal every technology we’ve adopted was meant to serve: a financial system genuinely accessible to everyone. One that’s composable and non-custodial. Verifiable without being fully visible. Fast without being centralized. Private without being opaque. The Ondo Network is the evolution of the vision for Ondo Chain. And the first version is live today.