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Ondo Finance
@Ondo
Bringing Wall Street to the world. Tokenization & tech behind @OndoPerps, Ondo Stocks, USDY, OUSG
Joined March 2021
41 Following    383.8K Followers
Tokenization is moving into the mainstream. This week, the SEC opened a new path for tokenized stocks, Ondo joined DTCC’s Fund/SERV, and tokenization advanced across the UK, Australia, and Hong Kong. Latest news ↓ 1️⃣ SEC issues its Innovation Exemption The framework provides temporary, conditional relief for onchain trading of certain tokenized U.S. stocks, creating a new pathway for regulated tokenized markets. 2️⃣ Ondo becomes Fund/SERV’s first tokenization member Ondo joined DTCC’s Fund/SERV through its subsidiary Oasis Pro Markets, opening a path for tokenized funds to scale through traditional distribution networks. 3️⃣ UK considers new rules for tokenized gold The FCA is exploring a dedicated framework that could exempt certain tokenized gold products from fund regulations, helping unlock more of London’s bullion reserves for use as collateral. 4️⃣ Ondo and Openmarkets explore tokenization in Australia Ondo and Openmarkets signed an MOU to explore bringing Ondo products to eligible Australian investors and developing new tokenized offerings for the local market. 5️⃣ Hong Kong plans to test tokenized government bills The HKMA plans to test tokenization of Exchange Fund bills by year-end, helping banks use the assets around the clock and manage liquidity more efficiently.
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