Ondo Finance: SEC has concluded its investigation with no charges filed

ChainCatcher reported that Ondo Finance stated the U.S. Securities and Exchange Commission (SEC) has concluded its years-long confidential investigation into its tokenization company without bringing any charges. Ondo Finance said this marks an important step forward for tokenized securities in the United States.

The investigation was launched amid heightened scrutiny of digital asset regulation during the Biden administration, aiming to examine whether Ondo's real-world asset (RWA) tokenization practices complied with federal securities laws, and whether its native token ONDO itself should be considered a security. Ondo stated that the company fully cooperated with the investigation and insisted that its tokenization approach aligns with investor protection principles.

In a blog post on Monday, the company noted that the SEC's formal notice is a significant milestone not only for Ondo but also for the broader tokenization industry. Ondo said that following the conclusion of the investigation, it will continue to prioritize innovation, compliance, security, and investor protection. Driven by this news, the price of the ONDO token rose by about 5%.