TechFlow, October 18 — According to Cointelegraph, Ondo Finance sent a letter to the U.S. Securities and Exchange Commission (SEC) on Wednesday urging it to delay or reject Nasdaq's proposal for trading tokenized securities. Ondo argued that the proposal lacks transparency by failing to disclose key details on how the Depository Trust Company (DTC) would handle blockchain-based settlements, potentially giving large market participants an unfair advantage. Meanwhile, platforms including Robinhood, eToro, and Kraken have already launched or plan to launch tokenized stock trading services, signaling accelerating momentum of this trend in financial markets. Analysts suggest the rise of tokenized securities could challenge the dominance of the New York Stock Exchange.
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