Ondo applies to the U.S. SEC for a "no-action" letter

According to official news, Ondo Finance has announced that it has submitted a no-action request to the U.S. Securities and Exchange Commission (SEC) regarding its Ondo Global Markets (OGM) product, seeking regulatory confirmation that recording certain securities interests in a tokenized form on the Ethereum mainnet under specific models will not trigger enforcement risks.

Ondo stated that the introduction of on-chain records helps improve collateral monitoring efficiency, optimize the redemption process, and simplify the reconciliation system. This is essentially an optimization of the operational layer of existing products rather than a reconstruction of market structure. Under compliance, public blockchain infrastructure can operate in conjunction with traditional systems.