Ondo Finance Urges SEC Delay on Nasdaq's Tokenization Plan Over Transparency
Ondo Finance Urges SEC Delay on Nasdaq's Tokenization Plan Over Transparency
DeFi firm Ondo Finance has formally requested the SEC to delay Nasdaq's proposed tokenization plan. The firm highlights significant concerns regarding a lack of transparency around key settlement details, raising questions about potential market fairness and integrity.
Transparency Demands for Tokenized Securities
Ondo Finance, a notable player in the decentralized finance (DeFi) sector, has intensified its advocacy for greater transparency concerning a proposed tokenization plan from Nasdaq. The firm has submitted a formal appeal to the Securities and Exchange Commission (SEC), urging a postponement of the plan's approval. Ondo Finance argues that crucial details pertaining to the tokenized settlement mechanism remain undisclosed, which it believes could jeopardize market fairness and overall integrity. The call underscores a broader industry concern for comprehensive regulatory oversight and public clarity in the evolving landscape of tokenized financial products.