According to online reports, Ondo Finance, a tokenized real-world asset platform, has launched the Layer 1 blockchain Ondo Chain for institutional finance. Ondo Chain is designed to meet institutional compliance standards while maintaining transparency and accessibility of public blockchains such as Ethereum. The network will rely on licensed verifiers to verify transactions and ensure accurate financial data, such as asset prices and token support, and will also support the pledge of tokenized real-world assets and local bridging between blockchains for interoperability.