Ondo Finance has launched Ondo Network, an execution layer dedicated to open financial markets, presented as an alternative to centralized platforms with self-custody, privacy by default, and permissionless access. The project ranks as the second-largest real-world asset tokenization player with an estimated 10% market share, or 3.6 billion dollars, behind Securitize with 4.8 billion dollars. The network’s first concrete application will be a perpetual contracts market called Ondo Perps, focused on US stocks, ETFs, and potentially tokenized bonds. The overall RWA tokenization market now represents approximately 37 billion dollars in on-chain value, with over one million holders.
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