Ondo Finance has asked the US Securities and Exchange Commission (SEC) for confirmation that tracking ownership of securities on the Ethereum network won’t lead to legal issues. This request comes just five months after the SEC finished a two-year investigation into Ondo Finance without filing any charges.
This request signals a major change in how the leading tokenized asset platform works with its regulator.
What Ondo Is Asking the SEC to Confirm
This submission concerns Ondo Global Markets, a service that allows investors outside the US to access US stocks and ETFs using digital tokens. Ondo isn’t requesting the SEC change existing securities laws or generally approve the use of tokenized securities.
The company is seeking assurance from the SEC that they won’t face legal issues if they record ownership of some investments as digital tokens on the Ethereum network, with the trusted custody provider BitGo holding those tokens.
According to its filing, Ondo stated that the assets backing the system would continue to be held and tracked using current legal and recordkeeping procedures, with official records remaining in their existing locations.
This update focuses on how the system works. Moving part of the process to the blockchain will make it easier to track collateral, speed up how assets are created and redeemed, and simplify accounting for our OGM products. The underlying legal agreements for these products will remain the same.
Why the Filing Sets a Precedent
A no-action letter doesn’t introduce new rules. Instead, it confirms that a particular plan can move forward without a lengthy formal approval process, and it sets an example for other companies working to tokenize real-world assets.
If the SEC approves this system, it would be the first official confirmation that public blockchains can be used to keep records of securities in the United States. This would also give all other companies working on tokenization a clear standard to follow.
Since Paul Atkins became chair, the Securities and Exchange Commission (SEC) has shifted away from prioritizing enforcement actions. They ended their investigation into Ondo in December 2025 and have since expressed support for tokenization as a new development in financial markets.
ONDO Price Today
The token is currently worth $0.25, a 2.83% increase in the last day. The platform’s total value locked (TVL) is $3.55 billion. However, ONDO is still 88% below its highest price ever recorded, which was $2.14.
The SEC has not yet responded to the filing.
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2026-04-13 18:51