Ondo Finance (@OndoFinance): Today, we submitted an open letter to the SEC in response to Nasdaq's proposed rule changes regarding the trading of tokenized securities.

Today, we submitted an open letter to the SEC in response to Nasdaq's proposed rule changes regarding the trading of tokenized securities. Tokenization is shaping the next generation of financial infrastructure, and as a leader in real-world asset tokenization, we believe this proposal should not move forward until critical information is made public. New market rules must be built on clear, public information available to all market participants to use when providing comments. Without more information about how the Depository Trust Company (DTC) will handle tokenized settlement, neither regulators, market participants, nor investors can properly assess how this proposal would function. Tokenization is ushering in the next era of financial innovation and access, and should advance through open collaboration and transparent standards. In the meantime, we've asked the SEC to gather more information before making a final decision. With DTC's plans in the open, we look forward to working with Nasdaq and the entire tokenization industry to help usher in the next era of tokenized finance.