Ondo Finance Launches On-Chain Tokenization Product, First Target is Pre-IPO Company in AI Sector

Ondo Finance launched Ondo Private Markets on October 6, providing investors with on-chain economic exposure to top private companies through tokenized notes. The first target focuses on a pre-IPO company in the artificial intelligence sector, expected to begin trading on the secondary market this week. Ondo Private Markets plans to expand to private enterprises in fields such as robotics, cybersecurity, biotechnology, and infrastructure. The related tokens do not correspond to the company's stock or shares but provide holders with economic exposure to the performance of the reference company's common stock in qualified liquidity events (such as IPOs, mergers, etc.) through tokenized notes. The tokens can be freely transferred on-chain and can be used in combination with the DeFi ecosystem. This product is based on Ondo's existing on-chain asset infrastructure, which currently has a total value locked (TVL) of approximately $3.7 billion and over 1 million cumulative holders across tokenized stocks and U.S. Treasury platforms. Ondo Finance stated that the majority of large companies in the U.S. remain private, with about 87% of companies generating over $100 million in annual revenue being non-public. Traditional investors often find it challenging to participate in these companies' early growth opportunities. Ondo Private Markets aims to provide a more flexible trading channel through the blockchain secondary market, enabling qualified investors to adjust their exposure to private markets around the clock.

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