Ondo Finance Challenges SEC Over Nasdaq Tokenization: Transparency Concerns and Regulatory Delays

Ondo Finance has formally requested the U.S. Securities and Exchange Commission (SEC) to postpone Nasdaq's proposed tokenization initiative, citing significant transparency deficiencies in the current framework. The financial firm emphasized that inadequate disclosure mechanisms could undermine investor protection and market integrity in digital asset markets. This intervention highlights growing industry concerns about regulatory oversight as traditional financial institutions expand into blockchain-based products. The SEC's decision could set important precedents for how established exchanges integrate cryptocurrency technologies while maintaining compliance standards.