Key facts
- Ondo Finance has launched Ondo Private Markets to offer tokenized exposures to private companies.
- The first offering is a tokenized note linked to an unnamed pre-IPO AI company.
- The notes provide economic exposure to the value of common shares at a liquidity event.
- Investors can hold the notes in self-custody wallets or trade them on secondary markets.
- Ondo Stocks, the company's platform for tokenized US stocks and ETFs, has over $1 billion in total value locked.
Ondo Finance has expanded into private markets with the introduction of Ondo Private Markets, a new platform designed to offer tokenized exposures to private companies. The initial offering features tokenized notes linked to an unnamed pre-IPO artificial intelligence company. These notes are structured to provide investors with economic exposure to the value realized per common share of the referenced company at a qualifying liquidity event, without granting direct ownership of the shares.
Eligible investors will have the option to hold these tokenized notes in their self-custody wallets or trade them on secondary markets on a 24/7 basis. Ondo anticipates that trading for these first notes will commence this week. The company also plans to introduce similar products tied to companies in sectors such as robotics, cybersecurity, biotech, and infrastructure in the future.
Ondo's existing platform, Ondo Stocks, which offers tokenized US stocks and exchange-traded funds, has accumulated over $1 billion in total value locked and lists more than 450 tokenized stocks and ETFs.