Ondo Private Markets Opens with a Pre-IPO AI Play Ondo Finance has launched Ondo Private Markets, a new platform designed to bring institutional-grade exposure to private companies onchain. T
Ondo Finance has launched Ondo Private Markets, a new platform designed to bring institutional-grade exposure to private companies onchain. The firm announced its plans to bring private-company exposure onchain, starting with a pre-IPO artificial intelligence company whose tokenized notes are expected to begin secondary-market trading this week.
Dubbed Ondo Private Markets, the platform offers tokenized notes tied to the per-share value of selected private companies at qualifying liquidity events. The notes are freely transferable and composable onchain, meaning eligible investors can enter, exit, or adjust positions around the clock.
Ondo clarified that the notes are not shares in the underlying companies and do not confer ownership or shareholder rights. Instead, they are obligations of the issuer and are available only to eligible non-US investors in permitted jurisdictions.
The rationale behind the product reflects a structural gap in the investment landscape. "In the US, the majority of the investment options accessible for retail are public companies, yet 87% of companies with over $100m in revenue are private," Ondo Finance Acting CEO and President Ian De Bode said.
Ondo said the first notes are expected to start trading this week, with products tied to companies in robotics, cybersecurity, biotech, infrastructure, and other sectors planned to follow.
Built on Ondo's onchain asset infrastructure, the platform holds $3.7 billion in TVL and serves over one million holders.The launch marks the firm's first move beyond publicly traded stocks, ETFs, and US Treasuries into the world of pre-IPO assets.
The tokens do not represent equity or shares in the underlying companies but instead provide holders with economic exposure tied to the performance of the company's common stock in qualified liquidity events, such as an IPO or acquisition. The tokens can be freely transferred onchain and integrated with DeFi ecosystems.
Sources:The Block: Ondo launches onchain private-company exposure, starting with AICoinTelegraph: Ondo opens private markets with tokenized pre-IPO AI exposurePR Newswire via Manila Times: Ondo Private Markets To Bring Private-Company Exposure Onchain
