For nearly two years, Ondo operated under a confidential Biden-era SEC investigation focused on our work to bring traditional financial assets onchain. We have now received formal notice that the inquiry has been closed without charges. For us, this is an important moment of vindication and clarity, but it also speaks to a broader shift in the United States. The investigation began during a period when digital asset firms were met with aggressive and often antagonistic scrutiny, even when taking deliberate steps to operate within existing regulatory frameworks. The inquiries were broad, touching almost every aspect of our business, and cost millions of dollars in legal and huge amounts of time to respond to. Throughout this period, we never wavered in our conviction that tokenizing traditional financial assets strengthens market infrastructure rather than undermines it, while improving transparency and access. We cooperated fully, maintained our standards, and continued building because we believed the long-term direction of policy would eventually align with the realities of technological progress. The closure of this inquiry removes an overhang not just for Ondo, but for the entire tokenization ecosystem. It affirms that responsible innovation and U.S. securities laws are in fact compatible, and it signals a meaningful shift toward more constructive engagement. Regulators are reassessing earlier approaches, and the conversation has moved from “Should this exist?” to “How do we do this correctly?” The SEC’s ongoing analysis and dialogue with industry regarding how tokenization can improve the offering, trading, and settlement of public equities reflects this shift. Being early meant absorbing challenges that others did not need to face. If our experience helps create a clearer and more constructive path for the category, it was worth it. The U.S. has an opportunity to lead the modernization of global markets, and we believe thoughtful, principles-based regulation can make that possible. The future of global finance will be onchain. The United States should shape that transition, not follow it, and Ondo will continue to play a constructive role in ensuring that outcome. In February, at the Ondo Summit in New York, we will share the next phase of our roadmap and bring together the policymakers, regulators, and market leaders working toward this shared vision.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3