Tokenization specialist Ondo Finance’s native cryptocurrency was on the transfer on Monday because the U.S. Securities and Trade Fee has ended investigation into the platform as U.S. regulators are clearing the trail for tokenized real-world belongings (RWA).
The company closed a “confidential” investigation that was began in 2024, throughout the earlier SEC management helmed by Gary Gensler, with none costs, the Ondo crew mentioned in an X post.
The company’s investigation centered on whether or not Ondo’s tokenization of sure real-world belongings complied with federal securities legal guidelines in addition to whether or not the ONDO token was a safety, an Ondo spokesperson instructed CoinDesk.
“With the investigation now closed, the overhang on Ondo and the tokenization of securities is over and indicators openness and a cleared method forward for the tokenization of securities,” the spokesperson added.
The token popped greater on the information, now forward simply shy of 6% over the previous 24 hours.
Regulatory stress on digital belongings and crypto protocols has considerably eased with Donald Trump’s return to the White Home in comparison with the earlier administration, usually dubbed as hostile by trade members. New SEC Chairman Paul Atkins has touted tokenization as a key innovation for capital markets, saying in a FOX Business interview final week that it has the potential to alter the monetary system over the following couple years.
