# **Ondo Finance Launches New Blockchain for Tokenization**
Ondo Finance (ONDO) has officially launched Ondo Chain, a layer-1 blockchain designed for financial institutions to tokenize real-world assets (RWA). The announcement was made on February 6 at Ondo Finance’s first summit in New York.
According to World Liberty Financial Founder Chase Herro, the platform will form a “strategic reserve” with their tokens, including ONDO.
In its development, Ondo Chain will receive guidance from partners such as BlackRock, PayPal, and Morgan Stanley, as well as new members such as Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey.
In the future, Ondo Chain will offer a variety of services for institutions, ranging from prime brokerage with a cross-margin system for RWA, to staking and wealth management based on tokenized assets.
Validators on Ondo Chain will be able to stake RWA to secure the network, but will remain in a permissioned model to prevent front-running and MEV practices.
"This step strengthens investor protection and ensures the best transaction execution for institutions," Ondo's representative said.
-# Image Source: The Block
