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Ondo applies to the U.S. Securities and Exchange Commission for "non-enforcement" action
ME News Report, April 13 (UTC+8), Ondo Finance 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 security interests in tokenized form on the Ethereum mainnet under specific models will not trigger enforcement risks. Ondo stated that introducing on-chain records helps improve collateral monitoring efficiency, optimize redemption and subscription processes, and simplify reconciliation systems. Essentially, this is an enhancement of the existing product operation layer rather than a restructuring of the market structure. Under compliance conditions, public blockchain infrastructure can operate in conjunction with traditional systems. (Source: ODAILY)