SEC ends Biden-era probe into tokenized equity platform Ondo Finance

The US Securities and Exchange Commission (SEC) has formally dropped its confidential, multi-year investigation into the New York-based tokenization platform, Ondo Finance, which began in 2023. The probe examined whether Ondo’s tokenization of real-world assets complied with securities laws and whether its ONDO token qualified as a security. Ondo noted that the closure reflects a broader shift in US policy toward real-world asset (RWA) tokenization being placed on the SEC's formal agenda. The investigation, initiated under former Chair Gary Gensler, concluded under the current leadership, which has recently closed other crypto cases involving major firms like Coinbase and Ripple. Ondo views this resolution as the end of one chapter and the beginning of another, anticipating tokenized securities will become a core part of US capital markets, despite most current tokenization platforms serving overseas markets due to existing US regulatory caution.

(Source：Cointelegraph)