SEC Concludes Investigation into Ondo Without Prosecution, Clearing Hurdles for Tokenized Securities

Ondo Finance, a tokenization platform, announced on December 8 that the confidential investigation by the U.S. Securities and Exchange Commission (SEC), initiated under the Biden administration, concluded without any charges. The investigation focused on whether Ondo's tokenization of real-world assets (RWA) complied with federal securities laws and whether the ONDO tokens constituted securities. The investigation began in 2024, during a regulatory environment characterized by the collapse of cryptocurrency exchange FTX, speculative tokens (such as meme coins), and what Ondo described as 'sometimes overly broad law enforcement actions.' Ondo was the first and largest to tokenize U.S. bonds...