Key Takeaways
- The SEC has ended a two-year investigation into Ondo Finance, allowing it to expand its tokenized asset operations in the US.
- Ondo Finance specializes in tokenized securities and enables global investors to access US stocks and ETFs via blockchain.
The US SEC has concluded a two-year investigation into Ondo Finance, a platform specializing in tokenized securities and assets on blockchain networks, without filing charges, clearing regulatory uncertainty and permitting the company’s further US expansion, according to Crypto In America.
The probe, initiated in October 2023, examined Ondo’s compliance with US securities laws in tokenizing Treasury products and ONDO tokens. Formal notice was given in November.
The resolution addresses ongoing discussions in the US regarding the regulation of tokenized assets. Ondo Finance enables on-chain access to US stocks and ETFs for global investors through blockchain networks.
The company has submitted guidance to the SEC advocating for clear regulations on digital asset securities to support compliant tokenization in the US. The recommendations include clarifying rules for tokenized treasuries and supporting both permissioned and permissionless blockchains.
Under SEC Chair Paul Atkins, most crypto cases have been closed, reversing prior Biden-era actions. Ondo is now set to expand in the US after registering as an investment advisor and acquiring Oasis Pro Markets, with new offerings expected at its February 3 Ondo Summit in New York.
Source: https://cryptobriefing.com/sec-ondo-finance-tokenized-assets-expansion/
