SEC drops two-year probe into Ondo Finance with no charges

The U.S. Securities and Exchange Commission (SEC) has terminated its two-year investigation into Ondo Finance, a platform focused on tokenizing securities and assets on blockchain networks, without bringing any charges. This probe, which began in October 2023, specifically examined the legality of Ondo's tokenization of US Treasury products and the classification of its ONDO tokens regarding US securities laws. The resolution removes regulatory uncertainty, enabling Ondo Finance to expand its operations within the US. Ondo, which provides global investors with on-chain access to US stocks and ETFs, has previously advocated for clear regulations for digital asset securities. The company is now positioned for growth, having registered as an investment advisor and acquired Oasis Pro Markets, with new offerings anticipated at its upcoming Ondo Summit.

(Source：Crypto Briefing)