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3w ago

Ondo Asks SEC for No-Action Relief to Record Securities on Ethereum

A staff sign-off would test using a public blockchain for regulated securities without changing who owns the assets.

Ondo seeks sec green light for tokenized securities on ethereum
Ondo finance seeks sec no action to integrate blockchain into securities infrastructure

Overview

  • Ondo Finance filed a no-action request seeking assurance that SEC staff will not recommend enforcement if its Ondo Global Markets records certain securities entitlements as tokens on Ethereum.
  • The model leaves legal ownership with regulated intermediaries such as U.S. broker-dealers and the Depository Trust Company while using tokens as an operational record and settlement rail.
  • BitGo would act as custodian for the tokenized entries to support cleaner collateral checks, faster creations and redemptions, and simpler reconciliation across OGM workflows.
  • A no-action letter is a staff assurance for a specific practice, not a new rule, yet it can allow a narrow model to proceed while broader rulemaking continues.
  • The filing follows the SEC’s December 2025 closure of a confidential probe into Ondo with no charges, and the company reports about $500 million locked and roughly $9 billion in cumulative trading across its tokenized notes tied 1:1 to U.S. stocks, ETFs, and Treasuries.