Ondo Finance submits SEC comment letter urging updates to 50-year-old transfer agent rules

Ondo Finance submitted a comment letter to the SEC on proposed changes to transfer agent rules, which govern firms maintaining shareholder records. Citing its tokenization experience, the letter urges expanding access to transfer agents and DTC for onchain investors, streamlining routine transfers without duplicating legal and identity checks, and supporting competition among transfer agents to protect investor choice. Separately, Ondo notes FXIon, an Ondo Stock tracking the iShares China Large-Cap ETF holding 50 Chinese companies, saw over $300M traded across DEXs in 16 days, with exposure to BYD, Baidu, Xiaomi, Tencent and Alibaba.

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