SEC ends Biden-era probe into tokenized equity platform Ondo Finance

Launched in 2023, the SEC probe into Ondo’s tokenized RWAs and ONDO token ended without charges, signaling a regulatory reset for onchain assets.

The US Securities and Exchange Commission has officially dropped its investigation into the New York-based tokenization platform Ondo Finance, which it initiated in 2023.

Ondo Finance has received formal notice that a confidential, multi-year SEC investigation into the platform has been closed without any charges, the company announced on Monday.

“The probe examined whether Ondo’s tokenization of certain real-world assets complied with federal securities laws as well as whether the ONDO token was a security,” the statement said.

Read more