"U.S. SEC ends Ondo Finance probe... concludes with no charges"

The U.S. Securities and Exchange Commission (SEC) has reportedly closed a multiyear investigation into real-asset tokenization firm Ondo Finance without taking any further action.

On the 8th (local time), crypto-focused media The Block reported that Ondo Finance said on its blog, "The SEC has officially concluded the multiyear investigation that had been conducted privately and did not bring any charges."

The investigation is said to have begun in 2024 during the Biden administration. At that time, the U.S. regulatory environment experienced significantly strengthened oversight due to crypto market turmoil, some exchange bankruptcies, and the spread of speculative tokens. The SEC reportedly examined whether Ondo Finance's real-asset tokenization model complied with securities law and also reviewed the nature of the ONDO token.

Ondo Finance said it fully cooperated with the SEC during the investigation and has consistently maintained that its structure complies with investor-protection norms.

Ondo Finance stressed, "This notice is a meaningful milestone not only for Ondo but for the tokenization industry as a whole." According to the media, following the announcement that day, the ONDO token's price rose by about 5%.

Meanwhile, Ondo Finance said adoption of on-chain real-world asset (RWA) products, such as U.S. Treasury-backed tokens, is rapidly expanding. The company plans to announce its next roadmap at the 'Ondo Summit' in New York on February 3 next year.