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SEC Closes Ondo Finance Probe with No Charges
The SEC has ended its years-long investigation into Ondo Finance without action.
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The U.S. Securities and Exchange Commission ended its multi-year probe into Ondo Finance’s real-world-asset tokenization and the security status of the $ONDO token, taking no enforcement action.
What's the scoop?
- Multi-Year Scrutiny: The investigation began in 2024 under the prior administration during a period of broad digital-asset enforcement and covered Ondo’s early work tokenizing publicly listed equities.
- Broader Implications: Ondo called the outcome a milestone for the entire tokenization sector and noted that tokenized U.S. Treasuries and equities are seeing rapid adoption.
- Market Reaction: $ONDO rose roughly 5% after the announcement, but has since dropped down to being just under 2% up on the day.
- Regulatory Shift: The resolution aligns with signs of a softening stance in Washington, including the SEC’s Investor Advisory Committee now formally studying tokenized securities.
Bankless Take:
While tokenization efforts certainly haven’t let up as this case has gone on, the green light coming straight from the SEC will surely be heard by those conservative companies who have held back bringing their assets onchain. Yet, the lackluster price action on $ONDO following this news suggests people may be looking elsewhere for exposure to this trend.