Overview
- The confidential, multi-year review began under prior leadership and examined Ondo’s tokenized Treasuries and whether the ONDO token should be treated as a security.
- Ondo said the closure removes a regulatory overhang, clearing a path to expand its U.S. tokenized-asset operations.
- ONDO traded higher on the announcement, rising about 6% over 24 hours in CoinDesk’s snapshot.
- The firm has reinforced its U.S. compliance stack by registering as an investment adviser and acquiring Oasis Pro Markets, which holds broker-dealer, ATS and transfer-agent licenses.
- Coverage frames the decision within a broader SEC shift toward market-structure modernization centered on tokenization, as Ondo continues to press for clearer rules for tokenized securities.