{"id":185568,"date":"2025-12-08T18:00:18","date_gmt":"2025-12-08T16:00:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=185568"},"modified":"2025-12-08T18:06:43","modified_gmt":"2025-12-08T16:06:43","slug":"secs-closure-of-ondo-case-signals-new-era-for-u-s-tokenized-assets","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/secs-closure-of-ondo-case-signals-new-era-for-u-s-tokenized-assets\/","title":{"rendered":"SEC\u2019s Closure of Ondo Case Signals New Era for U.S. Tokenized Assets"},"content":{"rendered":"<p>The investigation, launched quietly in late 2023, centered on two core questions: whether Ondo\u2019s tokenized versions of publicly traded equities violated securities laws, and whether the ONDO token itself should be classified as a security. <strong><a href=\"https:\/\/ondo.finance\/blog\/tokenized-securities-step-forward\" rel=\"nofollow\">According<\/a><\/strong> to the company, the SEC has now notified Ondo that the matter is closed.<\/p>\n<h3>A Break From the Gensler-Era Approach<\/h3>\n<p>The probe began under former SEC Chair Gary Gensler, whose tenure was defined by aggressive enforcement across the crypto landscape. But the agency\u2019s posture has changed significantly since Paul Atkins took over as chair, with multiple high-profile cases \u2013 including those involving Coinbase, Ripple, and Kraken \u2013 quietly wrapped up or dismissed.<\/p>\n<p>Ondo described the early regulatory climate as one dominated by caution and unclear boundaries, particularly for firms experimenting with tokenized versions of traditional financial instruments. At the time, Ondo was one of the only U.S. companies attempting to bring public equities onchain at scale, a position that drew regulatory scrutiny simply for being ahead of the curve.<\/p>\n<p>With the investigation now behind it, Ondo says the outcome marks \u201cthe beginning of a chapter where tokenized securities become central to U.S. capital markets,\u201d adding that it expects onchain finance to eventually serve as the foundation for the broader market.<\/p>\n<h3>A U.S. Market Still Largely Closed to Tokenized Equities<\/h3>\n<p>Despite regulatory momentum, most major tokenization platforms continue to serve primarily non-U.S. clients. Providers such as Backed \u2013 owned by Kraken \u2013 issue tokenized versions of U.S.-listed stocks and ETFs, but restrict access to customers abroad, particularly in European markets.<\/p>\n<p>Industry executives argue that U.S. investors already enjoy easy access to equities through traditional brokers, reducing domestic demand for onchain equivalents. But with the SEC now signaling a more predictable regulatory environment, the question is whether firms like Ondo will begin opening their tokenized offerings to American users.<\/p>\n<h3>A Growing Competitive Landscape in Europe<\/h3>\n<p>While U.S. availability remains uncertain, Europe is rapidly becoming a central hub for regulated tokenized securities. Ondo Global Markets secured approval to offer tokenized stocks to European investors in November, and shortly after, Securitize received dual authorization to operate as both an investment firm and a regulated trading and settlement system in the EU.<\/p>\n<p>That designation puts Securitize among the first companies in the world with regulated digital-securities infrastructure spanning both the U.S. and European markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ondo Finance has confirmed that the U.S. Securities and Exchange Commission has officially ended its years-long review of the company\u2019s tokenization activities, closing the case without filing any charges &#8211; a decision widely viewed as a major shift in how U.S. regulators now approach real-world asset (RWA) tokens.<\/p>\n","protected":false},"author":9,"featured_media":38930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[280,424,375,386],"coin_category":[],"class_list":["post-185568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations","tag-coinbase","tag-crypto","tag-kraken","tag-ondo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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