Ondo Finance’s native token surged on Monday after the U.S. Securities and Exchange Commission (SEC) closed a confidential investigation into the platform, clearing a major regulatory hurdle for tokenized real-world assets (RWA).
The investigation, which began in 2024 under former SEC Chairman Gary Gensler, examined whether Ondo’s tokenization of certain real-world assets complied with federal securities laws and whether the ONDO token qualified as a security. The probe concluded without any charges, Ondo confirmed in a post on X.
“Now that the investigation is closed, the overhang on Ondo and the tokenization of assets is removed, signaling a cleared path forward,” an Ondo spokesperson said.
The development comes amid a broader shift in regulatory approach toward digital assets. Industry participants note that regulatory pressure has eased compared with previous years, with current SEC leadership taking a more supportive stance toward tokenization.
New SEC Chairman Paul Atkins has described tokenization as a key innovation for capital markets. Speaking to FOX Business last week, he said tokenized assets could reshape the financial system over the next few years, offering greater transparency, liquidity, and access for investors.
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