Nasdaq Surges, Ondo Stalls: The Diverging Paths of Asset Tokenization
Nasdaq's push to integrate tokenized securities faces scrutiny as ONDO Finance demands greater transparency. The exchange's proposal to the SEC aims to modernize markets by enabling tokenized trading of stocks and ETFs, promising cost reductions and faster settlements. Yet critics highlight unresolved questions around settlement processes and potential market centralization.
Ondo's objections center on perceived unfair advantages for Nasdaq, warning of risks to decentralized finance principles. The SEC's impending decision now looms as a pivotal moment—either accelerating institutional adoption or imposing stricter safeguards for investors navigating this frontier.