The U.S. Securities and Exchange Commission(SEC) met Ondo Finance representatives to evaluate compliance procedures for tokenizing U.S. securities.

The attendees discussed how the decentralized finance (DeFi) platform could legally issue tokenized U.S. Treasuries as well as other publicly-traded assets.

The U.S. Securities and Exchange Commission (SEC) met with Ondo Finance representatives on April 24 to discuss procedures for tokenizing U.S. securities. The attendees discussed how the decentralized finance (DeFi) platform could legally issue tokenized U.S. Treasuries as well as other publicly-traded assets.

The SEC’s crypto task force met with Ondo Finance today to discuss tokenization.

“Issuing & selling wrapped, tokenized versions of publicly traded US securities.”

*SEC* is giving this an audience.

Hope you’re paying attention.

Ondo Finance, a real-world assets (RWA) tokenization platform, aims to develop investment products on blockchain networks. The company is looking to tokenize U.S. stocks, bonds and exchange-traded funds (ETFs) in accordance with SEC standards.

The meeting was attended by the SEC’s Crypto Task Force, led by Commissioner Hester Peirce, and Ondo Finance CEO Nathan Allman, CSO Ian De Bode and general counsel Mark Janoff. They discussed the registration requirements, market structure regulations and financial crimes compliance related to tokenized securities.

Moreover, the meeting covered regulations in the issuance of tokenized assets and a potential regulatory sandbox to test innovative financial products. A sandbox provides a controlled environment to test new services before introduction to the market.

SEC Meets Ondo Finance Amid Regulatory Shift

The SEC continues to collaborate with digital asset companies to explore favorable regulations in the crypto sector. Ondo Finance proposes the issuance of wrapped tokenized versions of U.S. securities which reflects the increased integration of blockchain technology with traditional finance. The platform must adhere with the SEC rules as it explores the launch of new financial products.

“We are focused on creating a framework for the responsible introduction of new financial products and technologies in the United States,” said Commissioner Peirce.

“We appreciate the SEC staff’s engagement with market participants on these important topics.”

Ondo Finance has discussed procedures about tokenized securities operations with the SEC. The company intends to adhere to broker-dealer requirements and state corporate laws to ensure compliance with the U.S. financial regulations. The law firm Davis Polk & Wardwell LLP which supports Ondo Finance also sent representatives to participate in these discussions.

ONDO Price Action

Ondo Finance’s ONDO token experienced a 10% price increase after the SEC released the memorandum on April 24. The price of ONDO token rose to $1.01 but still remains more than 50% below its peak value of $2.14 in December 2024. The price movement shows increased interest in the platform and its role in the tokenization of traditional financial assets.

The meeting is part of SEC’s shift in crypto regulatory approach under the new Chairman Paul Atkins. Notably, the SEC has withdrawn various complaints such as the HEX founder Richard Heart’s case.