Ondo Finance Launches Ondo Private Markets — Tokenized Pre-IPO Notes for Private Companies
Oct 06 2026 14:58 UTC - Nolan Pratt
Ondo Finance's new Private Markets product tokenizes pre-IPO company shares as unsecured SPV obligations — a structural leap from collateralized ownership to issuer credit risk, offered exclusively to non-US persons under Regulation S.
➤ Ondo Finance has launched 'Ondo Private Markets' to tokenize pre-IPO company shares as unsecured notes, offering economic exposure rather than direct ownership.
➤ This new product shifts from collateralized ownership to issuer credit risk, with tokens structured as unsecured obligations of a BVI-based SPV, exclusively for non-US persons under Regulation S.
➤ The initiative aims to bring liquidity to the illiquid private equity market but introduces significant structural and credit risks, raising questions about 'institutional-grade' standards in the evolving RWA landscape.
Read more at: https://rwatimes.io/articles/forkast-ondo-finance-launches-ondo-private-markets-tokenized-pre-ipo-notes-for-private-companies-128397934?utm_source=binance
Oct 06 2026 14:58 UTC - Nolan Pratt
Ondo Finance's new Private Markets product tokenizes pre-IPO company shares as unsecured SPV obligations — a structural leap from collateralized ownership to issuer credit risk, offered exclusively to non-US persons under Regulation S.
➤ Ondo Finance has launched 'Ondo Private Markets' to tokenize pre-IPO company shares as unsecured notes, offering economic exposure rather than direct ownership.
➤ This new product shifts from collateralized ownership to issuer credit risk, with tokens structured as unsecured obligations of a BVI-based SPV, exclusively for non-US persons under Regulation S.
➤ The initiative aims to bring liquidity to the illiquid private equity market but introduces significant structural and credit risks, raising questions about 'institutional-grade' standards in the evolving RWA landscape.
Read more at: https://rwatimes.io/articles/forkast-ondo-finance-launches-ondo-private-markets-tokenized-pre-ipo-notes-for-private-companies-128397934?utm_source=binance