The presentation introduces the Ando Chain, a new blockchain infrastructure designed to bridge traditional finance with decentralized finance (DeFi) by enabling institutions to bring real-world assets (RWAs) on-chain in a secure, scalable, and cost-effective manner.
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hi everyone good morning it's great to
see so many familiar faces in this room
it is my absolute pleasure to present to
you today a piece of transformational
and foundational infrastructure that is
really designed to bring all of you and
I'm really looking at the biggest
institutions in this room
onchain now why are we developing
another blockchain there's quite a few
of them out there already we are
intimately familiar with that so it's a
great question to ask well when we set
out to build the onog GM platform we
really set out to build something that
could combine the best of both
traditional Finance with its incredible
deep liquidity and investor protections
with all the benefits of defi with its
Open Access and Innovation and New
Primitives however as we set out on this
Mission we realized that the necessary
conditions to really bring these two
worlds together really did not exist the
infrastructure to bring these two
together really was not present we ran
into a variety of issues many of which I
think will sound pretty familiar to the
people in this room first and foremost
Securities don't really work that well
with defi defi was not designed with
Securities in mind right stuff like uh
stock splits or even dividend payouts
the smart contract accounting really
cannot really handle those issues very
well well we had experienced this with
you our own assets o USG and usdy but as
we were thinking about scaling our own
footprint to literally thousands of
assets we realized that the status quo
just couldn't work right we needed a new
ecosystem focused on rwas more on that later
later
second cross chain asset management and
managing the liquidity between all of
those different blockchains it's quite
challenging you know at this point it's
pretty clear that the future of crypto
will be Omni chain but issuing your
assets on each chain in a compliant way
and managing the liquidity between these
various blockchains that takes quite a
lot of time you know o USG and usdy are
live on 10 different chains we have a
full team of blockchain developers and
Ops people that manage that around the
clock again when you're thinking about
scaling to literally thousands of assets
you it just doesn't
work third and this one does not receive
nearly as much ATT ention as I
personally think it should inadequate
security and cost running your network
security and other critical components
even like oracles powered by a
cryptocurrency token that is incredibly
volatile that's actually a pretty
expensive way of doing things and not
necessarily the best security robustness
that you want this may be fine when
you're dealing with cryptocurrencies on
chain that are in of itself incredibly
volatile but when you're thinking about
scaling Lally tens of billions of real
world assets on chain that's not the
best security
model institutional great onchain
Capital markets really do require a more
stable and robust security
model last but not least the lack of
institutional participation I'm sure
that one sounds very familiar to a lot
of the people in this room and there's
very good reasons for that right
typically related to Regulatory and
compliance reasons but it does make that
there currently is not a very tight
coupling between onchain and offchain
environments and that ultimately
significantly degrades the investor
experience that's possible on chain now
allow me to illustrate that last point
in a little bit more detail imagine the
onog GM experience that could be if you
actually had a broker dealer powering
the onchain economy and being able to
participate in the onchain economy when
an investor would like to purchase a
security they would simply declare their
intent onchain
a broker dealer would pick up on that
intent go and acquire that security in
one of the traditional exchange venues
with Incredible deep liquidity mint the
asset on chain but probably not stop
there on an ongoing basis this broker
dealer would publish the asset prices on
chain just like they do in traditional
finance and post the proof of reserves
on chain they could do all of that
significantly cheaper than what exists
today and with better investor
protections so we ultimately realized
that that really is the onog GM
experience that we want and that our
investors deserve but it clearly
requires institutions to come onchain
and create a much more tighter coupling
between onchain and offchain
environments as such we realize that in
order to build onog GM in the way that
we want and in the way that investors
deserve and in a way that scales most
importantly we needed to create an
environment that Institution can
actually run and with it create the
underlying infrastructure that so many
in this room have been waiting for for
all the years that I have known you
enter the Ando chain a fundamental
rethink of how institutions can
participate on chain and how rwas can be
scaled on chain the Ono chain combines
the best of public permissionless
blockchains with private permissions
chains while addressing the issues that
I mentioned
previously some of the core features
that will that it will have are number
one real world assets as a gas token and staking
staking
collateral this one's a big one this
means that the Ono chain will enable the
staking of high quality liquid assets
real world assets and a little bit of
crypto but mostly real world assets the
network will be proof of stake but
powered by real world assets this means
that the network security of the Ono
chain will be much less volatile than
other crypto Networks and the associated
cost to run the chain will be
significantly less this also means that
you as an institution can participate
and run a node just with the assets that
you're already holding on balance sheet
but this way you may be even to earn
additional yield on them this also means
that you as an institution can actually
run a node without ever having to touch
crypto I'm sure that will make some
people in your compliance and accounting
department extraordinarily
happy finally gas fees are going to be
uh paid with real world assets as well
ultimately just providing for a better
user experience and investor
experience secondly the Auto Chain will
be run by a permission validator set
this means that only known and reputable
and often regulated institutions will be
allowed to run a validator this also
means that when you as an investor come
on chain you can rest assured that your
transactions are not going to be front
run and you can enjoy similar protection
Like You Do In traditional
finance and last but not least vote
extensions the valuator set of the auto
chain is not just going to validate
transactions they are also going to do
other critical functions
like publish the prices of an asset
onchain verify the collateral that is
backing onchain Securities on an ongoing
basis and sign off on bridging
transactions whenever they're
requested by designing the Ono chain
this way we enable it to to do or we
achieve a few things first and foremost
it can support a much more cost
effective and scalable investor
experience for rear World assets onchain
the Ono chain effectively eliminates the
need to pay for and assume security
risks of different providers of chain
security Oracle security asset security
and bridging security theond valuator
set will take all of this on and
fundamentally when you think about it
when you're dealing with a real world
asset as opposed to a
cryptocurrency your underlying trust
assumptions are already incredibly
different the Ono chain just Builds on
these different trust assumptions and
Aggregates a lot of those critical
functions that you find on the
blockchain all into the Ono validator
set by doing this it allows rwas to come
onchain in a much more scalable and cost effective
