In an official statement this Monday, Ondo Finance announced that the U.S. Securities and Exchange Commission (SEC) formally closed its multi-year investigation without filing any charges. The company confirmed that the probe, initiated in 2024, focused on the nature of its tokenized products and whether the ONDO token qualified as a security under federal laws.
The fact that the SEC closed the investigation represents the latest and most notable reversal in the aggressive regulatory enforcement actions that began during the previous administration. This decision aligns with the dismissal of the landmark case against Coinbase and the closing of the similar action against Kraken in early 2025. This pattern, observed following the appointment of Paul Atkins as SEC chair, indicates a broader recalibration of Washington’s posture towards digital assets and tokenization.
Following this regulatory clearance, attention shifts to Ondo’s accelerated global expansion. The company has already obtained approval in the European Economic Area under the MiCA framework and is promoting the tokenization of stocks and ETFs in international markets. Furthermore, the expansion of its USDY yield product to blockchains like Stellar underscores the growing movement of tokenized assets towards regulated financial markets, a trend that the SEC itself has begun to publicly examine as market modernization.
Source: https://ondo.finance/blog/tokenized-securities-step-forward
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