According to Crypto In America, the U.S. Securities and Exchange Commission has concluded its review of Ondo Finance with no charges recommended. The probe, opened in October 2023, evaluated whether Ondo adhered to U.S. securities laws in the tokenization of U.S. Treasury products and whether the ONDO token should be categorized as a security. An Ondo spokesperson reported formal notice arrived in late November, marking the end of a two-year investigation.

Ondo says the resolution clears the path for broader U.S. market access, building on its investment adviser registration and the acquisition of Oasis Pro Markets, an SEC-registered broker-dealer, alternative trading system operator, and transfer agent. This development aligns with a perceived regulatory shift toward greater clarity for compliant tokenization initiatives and could influence future capital-formation activity in the sector.