Ondo Finance Seeks SEC No-Action Relief for Tokenized Securities Records
According to Ondo Finance’s official statement, the company asked the SEC for assurance that an Ethereum-based structure for tokenized real-world asset operations would not prompt enforcement action.
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Fact Check
The claim is directly supported by Ondo Finance’s own post, "Why We Submitted Our SEC No-Action Letter Request," which says the company submitted an SEC no-action request related to Ondo Global Markets and sought confirmation that certain securities interests can be recorded and managed on Ethereum without enforcement action. The PANews article, "Ondo Finance 向 SEC 提交 OGM 代币化权益无行动函申请 | PANews," independently summarizes the same point and adds that the underlying securities and official books would remain in existing custody and settlement systems. This matches the user’s statement closely. The unavailable X posts do not undermine the claim because the primary official source already substantiates it.
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Summary
According to Ondo Finance’s official announcement, the company requested SEC no-action relief for an Ethereum-based real-world asset tokenization model. The request asks SEC staff not to recommend enforcement action for infrastructure operated with partners under a specific structure. Ondo said the goal is to align public blockchain operations with securities regulations. This adds to its previously disclosed effort to use Ethereum for recording and managing certain securities interests tied to Ondo Global Markets.
Terms & Concepts
- No-action relief: Regulatory assurance that agency staff would not recommend enforcement action for a proposed activity based on the facts presented.
- Ethereum: A public blockchain network used to record transactions and run smart contracts.
- tokenization: The process of representing assets or related rights in blockchain-based digital form.