Ondo Finance urges more transparency before Nasdaq’s tokenization proposal moves forward

Real-world asset startup Ondo Finance has expressed concerns and requested greater transparency from the SEC regarding Nasdaq's proposal to settle tokenized stocks and ETFs using the Depository Trust Company (DTC) clearinghouse. Ondo Finance, which manages tokenized versions of assets like government securities and stocks, emphasized the need for open collaboration and transparent standards as tokenization advances. This push for clarity comes as Nasdaq seeks SEC approval to trade tokenized securities alongside traditional stocks, arguing that tokenization can proceed without waiving core investor protections. The SEC has also identified tokenization as a major focus, though critics like Better Markets warn that it poses threats to investor protection if the agency grants broad exemptions.

(Source：The Block)