Ondo Finance Urges SEC to Delay Nasdaq's Tokenized Securities Trading Rule Change

On October 18, 2025, Ondo Finance formally requested the U.S. Securities and Exchange Commission (SEC) to delay the approval of Nasdaq's proposed rule change concerning the trading of tokenized securities. The key concern raised by Ondo focuses on the lack of transparency and insufficient detail related to how the Depository Trust Company (DTC) would manage post-trade settlements for these digital tokens.

Ondo Finance argues that the existing information provided by Nasdaq is vague and does not fully comply with the regulatory standards set by the Securities Exchange Act of 1934. They suggest that public disclosure of DTC's settlement processes could address these challenges, ensuring a more level playing field.

Moreover, Ondo points out that the current opaque nature of these processes may disproportionately benefit larger firms that have more resources and access to insider information, potentially putting smaller businesses at a disadvantage.

As the crypto and traditional finance worlds continue to integrate through innovations such as tokenized securities, transparency, and regulatory clarity remain critical. Platforms like Bitlet.app are pioneering this space by offering innovative crypto products, including Crypto Installment services that allow users to buy cryptocurrencies now and pay monthly, making digital assets more accessible.

The dialogue triggered by Ondo Finance's concerns highlights the importance of balancing innovation with fairness and regulatory compliance in emerging crypto markets.