Ondo Finance Urges SEC for Clarity and Collaboration in Tokenized Securities Era

In a powerful open letter to the U.S. Securities and Exchange Commission (SEC), Ondo Finance has called for greater transparency and collaboration before Nasdaq’s proposed rule changes for trading tokenized securities move forward. The letter, published on October 15, 2025, underscores the transformative potential of tokenization in reshaping global markets while emphasizing the urgent need for clear, public information and standardized frameworks.

Ondo’s submission to the SEC centers on File No. SR-NASDAQ-2025-072, which proposes to amend exchange rules to enable the trading of securities in tokenized form. The firm warns that while tokenization is ushering in the next era of financial innovation and access, critical questions about operational processes—particularly how the Depository Trust Company (DTC) will handle settlement—remain unanswered. Until these details are publicly disclosed, Ondo believes regulators, investors, and market participants cannot properly assess the proposal’s implications.

“Tokenization is transforming global markets,” Ondo states, “but progress must be built on open collaboration and transparent standards.” The company urges the SEC to demand more clarity from Nasdaq and the DTC before final approval, highlighting the importance of a unified and compliant foundation for the growing tokenized finance ecosystem.

Ondo’s letter reflects its broader mission as a leader in real-world asset tokenization, bridging traditional finance with blockchain efficiency. By converting assets like stocks, bonds, and ETFs into digital tokens, Ondo aims to make capital markets more accessible, liquid, and transparent. However, it stresses that this innovation must evolve responsibly—with regulatory alignment and stakeholder cooperation at its core.

In the meantime, Ondo has requested the SEC to pause any final decisions until further details are made public. Once transparency is achieved, the firm expressed readiness to work alongside Nasdaq, the DTC, and industry participants to advance the next era of tokenized finance responsibly.

This move positions Ondo Finance as a voice for integrity and openness in an industry rapidly moving toward blockchain-based capital markets. The call for transparency signals a maturing phase in the tokenization space—where innovation must coexist with trust, compliance, and clear regulatory oversight.