Ondo Finance announced that federal regulators (the U.S. Securities and Exchange Commission - SEC) closed a years-long investigation without filing charges, after reviewing its practices related to asset tokenization and its original token ONDO.
The U.S. Securities and Exchange Commission examined whether "Ondo" complied with securities laws during a period of heightened scrutiny.
The company stated that it has fully cooperated throughout the investigation and considered the outcome a positive step for companies issuing digital versions of traditional assets.
The investigation began in 2024 amid a wave of market failures, the collapse of trading platforms, and disputes over how to classify tokens.
Ondo was one of the first companies to turn equity products into blockchain-based instruments. This growth has caught the attention of federal officials.
In its statement, Ondo said it plans to continue pursuing innovation and protecting investors. The original token ONDO traded at a higher price on Monday following the announcement. For its part, the Securities and Exchange Commission said it does not comment on ongoing or closed investigations.
Demand in the market for tokenized products has increased, with tokenized U.S. Treasury bonds seeing strong adoption and institutional interest expanding to include blockchain-based equities.
Ondo plans to present its upcoming roadmap in February during an event in New York that will include executive organizers and industry experts.
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