Tokenization specialist Ondo Finance’s native cryptocurrency was on the transfer on Monday because the U.S. Securities and Trade Fee has ended investigation into the platform as U.S. regulators are clearing the trail for tokenized real-world property (RWA).
The company closed a “confidential” investigation that was began in 2024, through the earlier SEC management helmed by Gary Gensler, with none prices, the Ondo group stated in an X publish.
The company’s investigation centered on whether or not Ondo’s tokenization of sure real-world property complied with federal securities legal guidelines in addition to whether or not the ONDO token was a safety, an Ondo spokesperson instructed CoinDesk.
“With the investigation now closed, the overhang on Ondo and the tokenization of securities is over and indicators openness and a cleared manner forward for the tokenization of securities,” the spokesperson added.
The token popped greater on the information, now forward simply shy of 6% over the previous 24 hours.
Regulatory stress on digital property and crypto protocols has considerably eased with Donald Trump’s return to the White Home in comparison with the earlier administration, usually dubbed as hostile by business members. New SEC Chairman Paul Atkins has touted tokenization as a key innovation for capital markets, saying in a FOX Enterprise interview final week that it has the potential to alter the monetary system over the subsequent couple years.
