Binance-Listed Altcoin Sends Urgent Letter to SEC Following Nasdaq’s Latest Move

Ondo Finance (ONDO), which works on tokenizing real-world assets (RWA), is cautious about Nasdaq’s proposal to tokenize stocks and exchange-traded funds (ETFs). The company said the proposal needed more transparency before moving ￰0￱ a letter sent to the ￰1￱ and Exchange Commission (SEC) this week, Ondo Finance requested more information regarding Nasdaq’s plan to trade “securities in token form” through the Depository Trust Company (DTC), an organization known for providing centralized custody and clearing services for securities ￰2￱ company made the following statement in its statement: “Tokenization is ushering in a new era of financial innovation and access, and this process must proceed with open collaboration and transparent ￰3￱ have requested that the SEC gather more information before making a final ￰4￱ look forward to working with Nasdaq and the entire tokenization industry following the public announcement of DTC’s plans.” Related News: Chinese Experts Comment on the Future of Bitcoin Prices Ondo Finance operates as a platform that enables the tokenization of money market funds, ￰5￱ bonds, and stocks on the ￰6￱ company is also affiliated with the Trump family-backed World Liberty Financial Project, which acquired ONDO tokens for its strategic token ￰7￱ has become one of the hottest topics in financial markets ￰8￱ argued in an amendment to its proposal submitted to the SEC last month that tokenization could be implemented without waiving key investor protection ￰9￱ SEC is also paying particular attention to tokenization, with Commissioner Hester Peirce saying it is a “big focus” for the agency. *This is not investment ￰10￱ Reading: Binance-Listed Altcoin Sends Urgent Letter to SEC Following Nasdaq’s Latest Move