The US Securities and Trade Fee has closed its
investigation into the New York-based tokenization platform Ondo Finance. The
probe started in 2023 and ended with none costs.
Individually, Ondo obtained Liechtenstein
approval final month to supply tokenized shares and ETFs throughout the European
Union and wider European Financial Space. The approval adopted Ondo Finance’s
integration with cryptocurrency alternate Bitget and Bitget Pockets, permitting
non-US customers to entry tokenized real-world property, together with shares and ETFs.
SEC Clears Ondo Multi-Yr Investigation
Ondo mentioned that it obtained formal discover from the SEC that
the “confidential, multi-year” investigation was closed. The evaluation examined
whether or not Ondo’s tokenization of real-world property complied with federal
securities legal guidelines. It additionally assessed whether or not the ONDO token certified as a
safety.
The corporate mentioned, “The probe examined whether or not Ondo’s tokenization of
sure real-world property complied with federal securities legal guidelines in addition to
whether or not the ONDO token was a safety.”
The SEC has formally closed a confidential Biden-era investigation into Ondo — with none costs.The inquiry started in 2024, centered on whether or not Ondo’s tokenization of sure real-world property complied with federal securities legal guidelines in addition to whether or not the ONDO token was a… pic.twitter.com/yV4xVX7Qrx
— Ondo Finance (@OndoFinance) December 8, 2025
Crypto “Enforcement Eases” After SEC Management Change
Based on a report by Crypto in America, the SEC opened
the inquiry in October 2023 underneath former Chair Gary Gensler, whose tenure was
marked by stricter enforcement towards crypto corporations. Since Paul Atkins grew to become
SEC chair, the company has closed a number of crypto-related instances, together with these
involving Coinbase, Ripple, and Kraken.
Tokenized Securities May Enter US Markets
Ondo mentioned the investigation started throughout a interval of
regulatory uncertainty. It described the surroundings as outlined by “warning,
confusion, and sometimes overbroad enforcement actions” and famous it was
“one of many solely corporations centered on tokenizing publicly listed equities at
scale.” The corporate added, “Being early, and being profitable, got here with
scrutiny.”
It mentioned the closure marks the top of 1 chapter and the beginning of
one other, the place tokenized securities may turn into a “core a part of the US capital
markets.”
Most tokenization platforms proceed to give attention to prospects
outdoors the USA, providing tokenized variations of US-listed shares and
ETFs primarily to European shoppers, together with Kraken-owned Backed, the issuer of
xStocks.
This text was written by Tareq Sikder at www.financemagnates.com.
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