TechFlow News, April 13: According to Ondo Finance’s official blog, Ondo Finance recently submitted a “no-action” request to the U.S. Securities and Exchange Commission (SEC), seeking confirmation from the SEC that it will not take enforcement action against Ondo’s model for recording and managing certain securities interests in tokenized form on the Ethereum mainnet.
The request concerns Ondo’s Ondo Global Markets (OGM) product, which currently offers non-U.S. investors tokenized notes providing exposure to U.S. equities and ETFs. Under this model, the underlying securities remain within existing legal, custody, and recordkeeping frameworks; official books and records remain unchanged. Only in limited circumstances are the relevant securities interests mapped onto the Ethereum mainnet in tokenized form, held by custodian BitGo to support recordkeeping and operational processes.
