The Ondo Finance application to the SEC may open the door for tokenized securities on Ethereum
▪️ Ondo Finance has submitted a request to the SEC for confirmation that no legal action will be taken against the use of Ethereum in registering certain securities rights.
▪️ The request does not aim to change laws, but to use blockchain as a tool to improve operational efficiency.
▪️ Some of the key benefits include:
▪️ Facilitating settlement processes
▪️ Enhancing collateral monitoring
▪️ Simplifying asset management
▪️ The underlying assets will remain within traditional legal frameworks without change.
▪️ This move could be considered an important precedent in the field of asset tokenization (RWA).
▪️ If approved, it could be the first official recognition of the use of blockchain within the securities record-keeping system in America.
▪️ The current price of ONDO is approximately $0.25, awaiting the agency's response.
▪️ A step that may open the door for broader integration between traditional markets and blockchain technologies.
$ONDO $BROCCOLI714 $TST
▪️ Ondo Finance has submitted a request to the SEC for confirmation that no legal action will be taken against the use of Ethereum in registering certain securities rights.
▪️ The request does not aim to change laws, but to use blockchain as a tool to improve operational efficiency.
▪️ Some of the key benefits include:
▪️ Facilitating settlement processes
▪️ Enhancing collateral monitoring
▪️ Simplifying asset management
▪️ The underlying assets will remain within traditional legal frameworks without change.
▪️ This move could be considered an important precedent in the field of asset tokenization (RWA).
▪️ If approved, it could be the first official recognition of the use of blockchain within the securities record-keeping system in America.
▪️ The current price of ONDO is approximately $0.25, awaiting the agency's response.
▪️ A step that may open the door for broader integration between traditional markets and blockchain technologies.
$ONDO $BROCCOLI714 $TST