Ondo Finance is trading around $0.48, up 3.36% over the past 24 hours, supported by a surge in volume and a series of fundamental catalysts. Daily trading volume jumped 158% to $161 million as the market reacted to news that the SEC had closed its investigation into the firm without bringing charges.
Intraday trading ranged from $0.4652 to $0.5012. Market cap sits at $1.51 billion.
SEC Closes Ondo Finance Probe Without Charges
The probe, which began in 2024, examined whether Ondo’s tokenization of real-world assets and its ONDO token complied with federal securities laws. The closure marks a turning point.
Ondo cooperated fully, and the outcome arrived amid a shift in regulatory posture under SEC Chair Paul Atkins, who has publicly supported distributed ledger technology.
The platform recently acquired an SEC-registered broker-dealer and plans to outline its next phase at a February 2026 summit in New York.
Market Structure Shifts in Favor of Tokenization
Fundamentals of the Ondo Finance project are strengthening. Total value locked recently reached an all-time high of $1.866 billion, according to DefiLlama.
Ondo’s tokenized stocks and ETFs have also grown rapidly, with Ondo Global Markets now nearing $400 million in TVL.
Ondo Finance offers over 100 tokenized U.S. stocks and ETFs through its Ondo Global Markets platform for non-U.S. investors. These tokenized assets are backed 1:1 by the underlying securities held in traditional markets and are available for 24/7 on-chain trading.
At the market level, tokenized Treasuries now represent a $1.18 billion category. Ondo has become one of the largest players, offering short-term U.S. Treasury exposure onchain.
A new CFTC pilot program allowing Bitcoin, Ethereum, and tokenized real-world assets as collateral for derivatives trading further aligns with Ondo’s strategy. The program could increase liquidity and utility as institutional participants gain access to more regulated onchain collateral tools.
The broader regulatory landscape also shifted. SEC leaders, including Hester Peirce, outlined views on tokenization models, and Ondo submitted its roadmap, encouraging multiple pathways for compliant tokenized securities.
Legal clarity advanced outside the U.S. as well, with the UK formally recognizing digital assets as property and the European Commission proposing upgrades to its DLT pilot regime.
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