Ondo Finance wrote to the SEC, urging a delay in the approval of the Nasdaq tokenized securities plan

ChainCatcher news, Ondo Finance has submitted a letter to the U.S. Securities and Exchange Commission (SEC) requesting a delay or rejection of Nasdaq's proposal regarding tokenized securities trading.

Ondo pointed out that the plan relies on undisclosed settlement details, which could give large institutions an unfair advantage. In the letter, Ondo stated that regulators and investors cannot fairly assess the proposal without understanding how the Depository Trust Company (DTC) handles blockchain settlements. While supporting the trend of tokenization, Ondo believes that approval should be paused until the DTC system is improved to ensure fairness and transparency.