Tokenized Securities

Ondo Finance has requested the SEC to pause Nasdaq's proposed rule change on trading tokenized securities due to concerns over transparency and unclear settlement processes by the Depository Trust Company. They emphasize the need for public disclosure to protect smaller businesses and ensure regulatory compliance.

Ondo Finance urges the SEC to delay Nasdaq's plan to trade tokenized securities, citing lack of transparency and potential fairness concerns. While supporting tokenization, Ondo calls for clearer details on blockchain settlement processes before approval.