Ondo Finance Submits Tokenized Securities Roadmap to SEC

According to Foresight News, Ondo Finance has submitted its roadmap for tokenized securities to the U.S. Securities and Exchange Commission (SEC). The company highlighted the coexistence of direct registration, beneficial ownership, and packaged and associated securities ownership models in today's financial markets, emphasizing their significant roles on-chain. In its letter, Ondo Finance urged the SEC to allow these three models by supporting both direct and intermediary ownership structures. The company also advocated for the acceptance of permissioned, permissionless, and hybrid blockchains. Additionally, Ondo called for targeted regulatory clarity for tokenization based on transfer agents and broader tokenization of securities held at the Depository Trust Company (DTC). Ondo Finance expressed its anticipation of supporting the SEC in providing more backing for tokenized securities.