Ondo challenges Nasdaq’s tokenization plan

Today in crypto, Ondo Finance is urging the US SEC to delay or reject Nasdaq’s tokenized securities proposal. Meanwhile, Japan’s top banks are reportedly planning a joint yen-based stablecoin, and more than five new crypto ETFs were filed this week despite the ongoing US government shutdown.

Ondo Finance to SEC: Hold off on Nasdaq’s tokenized securities plan

Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give…