ONDO Token Gains as SEC Ends Investigation Into RWA Tokenization Platform

Source: CryptoNewsNet Original Title: ONDO Token Gains as SEC Ends Investigation Into RWA Tokenization Platform Original Link: Tokenization specialist Ondo Finance’s native cryptocurrency was on the move on Monday as the U.S. Securities and Exchange Commission has ended investigation into the platform as U.S. regulators are clearing the path for tokenized real-world assets (RWA).

The agency closed a “confidential” investigation that was started in 2024, during the previous SEC leadership helmed by Gary Gensler, without any charges, the Ondo team said in an X post.

The agency’s investigation centered on whether Ondo’s tokenization of certain real-world assets complied with federal securities laws as well as whether the ONDO token was a security, an Ondo spokesperson told CoinDesk.

“With the investigation now closed, the overhang on Ondo and the tokenization of securities is over and signals openness and a cleared way ahead for the tokenization of securities,” the spokesperson added.