Tokenization specialist Ondo Finance’s native cryptocurrency was on the move on Monday as the US Securities and Exchange Commission ended its investigation into the platform while US regulators are clearing the way for tokenized real-world assets (RWA).
The agency closed a “confidential” investigation that was launched in 2024, during the previous SEC leadership led by Gary Gensler, without any charges, Ondo’s team said in an X publication.
The agency’s investigation focused on whether Ondo’s tokenization of certain real-world assets complied with federal securities laws, as well as whether the ONDO token was a security, an Ondo spokesperson told CoinDesk.
“With the investigation now closed, the excess of Ondo and securities tokenization has ended and signals openness and a clear path for securities tokenization,” the spokesperson added.
He The token rose on the news, now down 6% in the last 24 hours.
Regulatory pressure on digital assets and crypto protocols has been substantially eased with Donald Trump’s return to the White House compared to the previous administration, often described as hostile by industry insiders. New SEC Chairman Paul Atkins has touted tokenization as a key innovation for capital markets, saying in an interview with FOX Business last week that it has the potential to change the financial system over the next two years.
