Ondo Finance Seeks SEC Clarity on Ethereum-Based Securities Model
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Ondo Finance submitted a no-action letter to the SEC asking whether a limited Ethereum-based layer that represents securities entitlements—while keeping legal ownership, custody and recordkeeping off-chain via its Global Markets platform—would avoid enforcement. SEC guidance could set a precedent for tokenized securities in crypto and DeFi, affecting institutional custody models, exchange integrations, token launches and broader adoption amid regulatory uncertainty.
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- Ondo seeks SEC confirmation for Ethereum-based securities recordkeeping without legal changes.
- Proposal keeps custody and ownership off-chain while adding blockchain for operations.
- SEC response could shape how tokenized securities fit within existing frameworks.
Ondo Finance has formally asked the U.S. Securities and Exchange Commission to confirm whether a proposed blockchain-based framework tied to its Global Markets platform would avoid enforcement action, marking a direct attempt to clarify how tokenized securities can operate within existing regulations.
The request, submitted as a no-action letter, outlines a model in which certain securities entitlements would be represented on the Ethereum network while maintaining the current legal, custody, and recordkeeping structures. The filing focuses on whether this limited on-chain layer can coexist with establishe…
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