ONDO Finance files SEC no-action letter, joins DTCC consortium for tokenized securities
Crypto Briefing
Ondo Finance has requested an SEC no-action letter and joined a DTCC consortium to advance its tokenized US securities platform.Summary
Ondo Finance has submitted a no-action letter to the SEC seeking confirmation that its Ondo Global Markets product can utilize the Ethereum blockchain for tokenized US-listed stocks and ETFs without regulatory enforcement. By leveraging traditional custody through BitGo and acquiring its own broker-dealer license, the firm aims to bridge the gap between public blockchains and institutional finance. Additionally, Ondo has joined a DTCC consortium, setting a target for production trades by July 2026, which could establish a new regulatory template for the broader tokenization industry.
(Source：Crypto Briefing)