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

The U.S. Securities and Exchange Commission has closed a confidential 2024 investigation into Ondo Finance’s tokenization of real-world assets and whether the ONDO token was a security, ending the probe without charges. Ondo said the closure removes an overhang and signals a clearer path for tokenized securities; the ONDO token rose about 6% on the news. The development comes amid broader regulatory easing for digital assets and renewed support for tokenization from new SEC leadership.
AI Analysis
SEC closed a confidential 2024 probe into Ondo's RWA tokenization and whether ONDO was a security, ending without charges; Ondo said this removes an overhang and the token rose ~6%; report ties the development to broader regulatory easing and supportive SEC leadership — factual regulatory clearance that can lift market sentiment.