Ondo Finance Challenges Nasdaq’s Tokenized Securities Platform

Ondo Finance has objected to Nasdaq’s proposed tokenized securities platform, raising concerns about transparency and fairness in its favor of large financial institutions. The firm calls for a more open and transparent framework that empowers smaller firms and the DeFi community. Ondo argues that the lack of clarity on how the system will operate or who will have access could leave those groups behind. The company believes this approach would undermine tokenized finance’s true potential to democratize market participation.