SEC ends Ondo probe, marking biggest regulatory win yet for tokenization

The Securities and Exchange Commission (SEC) has ended its regulatory probe into the tokenization giant Ondo Finance without any charges after two years of scrutiny.

Ondo Finance is a tokenization platform that turns real-world assets (RWA) like stocks, funds, real estate, etc. into digital tokens via blockchain technology.

Related: Ondo and Chainlink partner to bring financial institutions onchain

Tokenization not only digitizes assets but also allows for 24/7 trading and fractional offerings, with Ondo Finance emerging as one of the most dominant players in the emerging market.

The platform recently scored a major regulatory win when the SEC probe against it ended without any charges.

The SEC has formally closed a confidential Biden-era investigation into Ondo — without any charges.

The inquiry began in 2024, focused on whether Ondo’s tokenization of certain real-world assets complied with federal securities laws as well as whether the ONDO token was a… pic.twitter.com/yV4xVX7Qrx

— Ondo Finance (@OndoFinance) December 8, 2025

During Joe Biden's term in the White House, the securities regulator led by Gary Gensler went after several leading crypto companies, including Ondo Finance, for alleged securities violations.

In October 2023, the SEC launched an investigation into Ondo Finance for allegedly violating securities laws by tokenizing U.S. Treasury products and the potential classification of ONDO tokens as securities.

But the regulatory body under new chair Paul Atkins closed its two-year probe in November without recommending any charges, journalist Eleanor Terrett reported.

Ondo said it maintained the position that regulated and transparent tokenization models like Ondo’s are not only compatible with investor-protection principles but can strengthen them.

More News:

• Ondo Finance acquires Oasis Pro to expand tokenized securities platform in U.S.
• Ondo Finance discusses tokenized U.S. treasuries with the SEC
• Exclusive: Ondo brings 100+ tokenized U.S. stocks and ETFs to Blockchain.com users

Ondo probe resolution reflects broader policy shift

In a recent interview with Fox Business, Atkins said he expected the entire U.S. financial market to migrate to blockchain infrastructure within the next two years.

The move comes amidst digital assets, digitalization, and tokenization of the market, he added.

Ondo Finance also noted that the latest development reflects a "broader shift in U.S. policy" when regulators are reassessing Biden-era approaches to digital assets.

It added that the resolution of the probe makes way for the platform to expand U.S. operations, following its registration as an investment advisor and the acquisition of Oasis Pro Markets, an SEC-registered broker-dealer, ATS operator, and transfer agent.

The next annual Ondo Summit in New York will take place on Feb. 3, 2026, where the platform is expected to launch new tokenization tools and products.

Related: Ondo CEO says $100B in tokenized assets could be coming this year