Ondo Finance urges SEC to delay Nasdaq’s tokenized-stock trading plan

Ondo Finance has asked the U.S. Securities and Exchange Commission to delay approval of Nasdaq’s plan to enable tokenized share trading using blockchain-based settlement. The firm argues that insufficient disclosure about custody and settlement risks could create unfair market conditions. The request underscores rising debate on how traditional equity markets integrate distributed-ledger technology. Proponents argue tokenization improves transparency and efficiency, but critics warn of oversight gaps in cross-platform clearing systems.