Ondo Finance Urges SEC to Hit Pause on Nasdaq Tokenization Plan, Demands DTC Transparency

• Ondo Finance asks SEC to delay Nasdaq’s proposal for trading tokenized securities.
• The delay is requested until the Depository Trust Company (DTC) reveals settlement details.
• Ondo Finance SEC letter argues lack of DTC transparency creates unfair competition.

Ondo Finance is urging the U.S. Securities and Exchange Commission (SEC) to delay approval of Nasdaq’s proposal to trade tokenized securities. In an open letter, Ondo argues the plan should not proceed until the Depository Trust Company (DTC) publicly discloses crucial details about how tokenized settlements will work. 

The DeFi firm, a leader in tokenized real-world assets (RWAs), contends that approving Nasdaq’s plan without this transparency would hinder fair competition. The Ondo Finance SEC letter stresses that while tokenization can modernize finance, it must be built on open standards and equal access …

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