Ondo Finance Calls for Transparency in Nasdaq's Tokenized Securities Proposal
On October 17, 2025, Ondo Finance publicly expressed concerns over Nasdaq's proposal to trade tokenized securities, which the U.S. Securities and Exchange Commission (SEC) has been reviewing since September 22, 2025. Ondo urges the SEC to delay or reject the plan due to insufficient transparency, specifically pointing out the absence of public details on how the Depository Trust Company (DTC) will manage blockchain settlements. According to Ondo, this lack of clarity may unfairly benefit large market participants and makes it challenging to fairly assess the proposal.
Nasdaq filed its proposal on September 8, 2025, entering a 45-day public review that is set to conclude in early November 2025. While Ondo supports the broader concept of tokenization and its potential to revolutionize securities trading, it stresses the importance of open collaboration and transparent processes before such innovations can be embraced. Other major platforms such as Robinhood, eToro, and Kraken continue to enhance their tokenized stock offerings, reflecting growing interest in this space.
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Stay informed about regulatory updates and market developments to navigate the future of tokenized securities with confidence.