Ondo applies to the U.S. Securities and Exchange Commission for "non-enforcement" action

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Mars Finance reports that Ondo Finance announced 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, under certain models, recording some security interests in tokenized form on the Ethereum mainnet 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 work in conjunction with traditional systems.

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