ONDO Surges 16% As SEC Eyes Framework For Tokenized Stock Trading
ONDO jumped roughly 16% after reports that the US Securities and Exchange Commission is preparing a framework that could allow tokenized versions of stocks to trade on crypto rails, potentially giving one of the real-world asset sector’s most visible names a fresh regulatory tailwind. ONDO traded near $0.390, up 15.5% over 24 hours, with about $228 million in daily volume and a market capitalization near $1.9 billion. The move followed a Bloomberg report, that the SEC could release an “innovation exemption” for tokenized stocks as soon as this week. The framework would reportedly create a path for digital versions of securities to trade outside traditional exchange venues and on decentralized crypto platforms, including tokens that may not have the consent or backing of the public companies whose shares they track. Why Is ONDO Profiting The Most From The News? For crypto markets, the report landed directly on one of the year’s strongest narratives: tokenized public equities. The Kobeis