Ondo Finance Pushes Back on Nasdaq’s Tokenization Rule: Here’s Why

TLDR: Ondo Finance urges SEC to delay Nasdaq’s tokenized trading rule until DTC reveals settlement framework. The firm warns hidden details on tokenized clearing could give unfair market advantages to incumbents. Nasdaq’s plan depends on DTC systems that remain undisclosed, raising competition and access concerns. Ondo says the proposal fails to meet Exchange Act standards [...]

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