Ondo dey ask SEC make dem delay Nasdaq Tokenization because DTC no dey clear
Ondo Finance don beg SEC make dem delay Nasdaq tokenization because dem no talk wetin sure about how DTC blockchain settlement go take work. For one letter wey dem write on Oct 18, dem talk say if trade rules no clear, e fit make big companies benefit pass and e go limit competition between tokenized securities issuers.
Nasdaq wan get SEC okay to put tokenized securities join traditional stocks for their exchange. Pipo like Robinhood Layer-2 platform for European tokenized stocks, eToro and Kraken sef don start similar services, so market competition don increase.
Ondo talk say dem go support the rule change if DTC display how dem dey settle and open standards publicly. If no be so, dem go try make dem do formal review to stop the move. Traders suppose watch how SEC go look the matter and how DTC go talk their settlement, as delay for Nasdaq tokenization fit affect liquidity and market access.
Neutral
Ondo talk say make dem delay Nasdaq tokenization fit slow down how dem dey roll out tokenized securities, e fit reduce market activity small for this kind area temporarily. Short term, wahala about DTC blockchain settlement and SEC review fit make trading volume for new tokenized assets dey slow. But the broader crypto market no go get big price wahala because the main tokens and platforms no dey affected by this delay. Long term, when dem fix am, more transparency go fit make people get more trust, and e go help adoption go well, supporting better market condition.