Ondo has been walking this path of bringing RWA on-chain for two years.
Now they say, let’s call it quits—private high-speed trading networks are more reliable.
This isn’t just a small team turning around.
Ondo is the biggest banner in the RWA narrative.
BlackRock’s BUIDL followed their path.
They discovered one thing:
Real institutional trading doesn’t care about decentralization.
They want speed, privacy, and certainty.
Blockchain can’t deliver all three.
What’s interesting is that BlackRock and Fidelity just jointly threw their support behind the Clarity Act.
On one side, legislation is pushing for compliance.
On the other, the leading players say an on-chain setup isn’t the optimal solution.
RWA money will come.
But the way it comes will be completely different from what people imagined in 2023.
Now they say, let’s call it quits—private high-speed trading networks are more reliable.
This isn’t just a small team turning around.
Ondo is the biggest banner in the RWA narrative.
BlackRock’s BUIDL followed their path.
They discovered one thing:
Real institutional trading doesn’t care about decentralization.
They want speed, privacy, and certainty.
Blockchain can’t deliver all three.
What’s interesting is that BlackRock and Fidelity just jointly threw their support behind the Clarity Act.
On one side, legislation is pushing for compliance.
On the other, the leading players say an on-chain setup isn’t the optimal solution.
RWA money will come.
But the way it comes will be completely different from what people imagined in 2023.