Ondo Finance Pushes Back on SEC and Nasdaq Plan
Ondo Finance urges the SEC to pause Nasdaq's tokenized securities plan, calling it opaque and biased toward big banks.
- Ondo Finance objects to Nasdaq’s tokenized securities proposal.
- Claims the plan lacks transparency and favors Wall Street giants.
- Calls for a fairer, more open tokenization framework.
Ondo Finance Challenges Nasdaq’s Tokenized Securities Plan
In a bold move, Ondo Finance has urged the SEC to pause Nasdaq’s proposed tokenized securities platform, raising serious concerns about the plan’s transparency and fairness. According to Ondo, the framework is being pushed through too quickly and could give an unfair advantage to large Wall Street institutions.
Tokenized securities — traditional financial assets issued and traded on blockchain networks — have the potential to reshape how markets operate. But Ondo Finance is warning that Nasdaq’s current approach may do the opposite: reinforce existing power structures instead of democratizing access.
A Call for Transparency and Inclusion
In its letter to the SEC, Ondo stated that Nasdaq’s proposal lacks sufficient public detail and has been shaped in a way that benefits “entrenched financial interests.” By not clearly outlining how the system will work or who will have access, the plan risks leaving smaller firms and the broader DeFi community behind.
Ondo is advocating for a more transparent and open process — one that includes input from innovators, not just incumbents. They argue that for tokenized finance to truly thrive, the playing field must be level from the start.
The Fight for the Future of Finance
This challenge by Ondo is more than just a regulatory dispute — it reflects a deeper divide between traditional finance and the emerging world of decentralized, blockchain-based assets. As tokenization gains traction, the debate over who controls this new financial infrastructure is heating up.
If the SEC listens to Ondo’s call, it could reshape the future of how tokenized assets are developed and governed — potentially giving DeFi startups a stronger voice at the table.
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