The SEC has ended its two-year investigation into Ondo Finance, paving the way for its expansion in the U.S. tokenized asset space.

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into tokenized asset company Ondo Finance, recommending no charges. The investigation, initiated in October 2023 by former SEC Chairman Gary Gensler, primarily examined whether Ondo complied with U.S. securities laws in its tokenization of U.S. Treasury products and whether ONDO tokens should be classified as securities. An Ondo spokesperson stated that the company received formal notification in late November that the two-year SEC investigation had concluded. Since the pro-cryptocurrency SEC Chairman Paul Atkins took office, the agency has concluded most cryptocurrency-related investigations. Ondo stated that the resolution of the investigation clears obstacles for its expansion in the U.S., having previously registered as an investment advisor and acquired SEC-registered broker-dealer, ATS operator, and transfer agent Oasis Pro Markets. Ondo is scheduled to hold its annual Ondo Summit in New York on February 3, where it is expected to announce new tools and products for tokenizing real-world assets.