emergencyBreaking NewsIran Truce Rally Leaves Stocks Overbought and Vulnerable to Geopolitical RiskGold Resilience Breaks Inverse Correlation With $100 OilBermuda's regulatory sandbox turns insurtech into investable business modelsUM-Flint Student Organizations See Giving Surge Driven by Campus EngagementOil Shocks Push Federal Reserve Rate Cuts Into 2027Iran Truce Rally Leaves Stocks Overbought and Vulnerable to Geopolitical RiskGold Resilience Breaks Inverse Correlation With $100 OilBermuda's regulatory sandbox turns insurtech into investable business modelsUM-Flint Student Organizations See Giving Surge Driven by Campus EngagementOil Shocks Push Federal Reserve Rate Cuts Into 2027
DoiDoi
Credit & Lendingexpand_more
Credit CardsPersonal LoansStudent Loans
Markets & Investingexpand_more
Stocks & ETFsCrypto & BlockchainFed & Macro
Retirement & Benefitsexpand_more
401(k) & IRASocial SecurityRetirement Policy
Real Estateexpand_more
Mortgage RatesHousing Market
Financial Foundationexpand_more
Budgeting & SavingInsurance
Latest News
MarketsPortfolio
The Digital Ledger
Credit & Lending
Markets & Investing
Retirement & Benefits
Real Estate
Financial Foundation
Latest News
Dashboards

Institutional Financial Analysis

Home/Markets & Investing/SEC RETAIL INVESTOR RULE · INSIDER TRADING SEC CHARGE

Ondo Finance's SEC Request Could Template Tokenized Securities Settlement on Ethereum

FW

Freya Waverly

SEC retail investor rule · Apr 13, 2026

Ondo Finance's SEC Request Could Template Tokenized Securities Settlement on Ethereum

Source: DojiDoji Data Terminal

Non-U.S. investors gain exposure to U.S.-listed stocks and ETFs through tokenized notes on the Ondo Global Markets (OGM) platform. To improve this process, Ondo Finance has filed a no-action request with the SEC, seeking confirmation that recording securities entitlements on Ethereum Mainnet will not trigger enforcement action.

Related BriefJust now
social security

The One Big Beautiful Bill Act Moves Social Security Insolvency to 2032

A typical couple turning 60 in 2025 faces an annual reduction of $18,400 in their Social Security benefits, a 24% cut. This reduction is driven by the projected depletion of the Old-Age and Survivors Insurance (OASI) Trust Fund by 2032. The Congressional Budget Office and the Committee for a Responsible Federal Budget estimate insolvency by that date, a two-year acceleration from previous projections of 2033. The acceleration is caused by the One Big Beautiful Bill Act (OBBBA), signed into law in July 2025. The act introduces a $6,000 senior deduction that reduces the revenue Social Security receives from taxing benefits. It also implements mass deportation policies that shrink the workforce and reduce payroll tax revenue. The Social Security Office of the Chief Actuary estimates these changes will reduce program revenue by $168.6 billion between 2025 and 2034.

This model treats the tokens as an operational overlay on top of existing broker-dealer custody and recordkeeping frameworks. Under the proposed structure, BitGo will serve as custodian for the tokenized securities entitlements. The underlying securities and official books and records remain within the existing legal structure, meaning the tokens function as on-chain wrappers around traditional entitlements.

Related Brief21h ago
digital assets

Senate May Deadline Sets Final Window for U.S. Crypto Federalization

Institutional capital will enter the U.S. crypto market and anchor development in the country for the first time in nearly a decade if the CLARITY Act becomes law. This would reduce regulatory risk for firms and investors by ending a patchwork of enforcement actions. Jurisdiction would be split between the SEC and the SEC and the CFTC based on asset type and platform function, with defined registration pathways for intermediaries and trading platforms. Disclosure rules, custody standards, and investor protections would apply across the board. The SEC's Project Crypto, launched in 2025, would execute this transition through updated token taxonomy and application of the Howey test. Treasury Secretary Scott Bessent has warned that delays sacrifice U.S. competitiveness and encourage offshoring. The House has already passed the act, and the Senate Banking Committee is scheduled to hold a markup in the second half of April. The Senate must pass the legislation by May to avoid pushing consideration of the act into the period following the November 2026 midterm elections.

Ondo argues that this on-chain layer would allow for cleaner collateral monitoring, more efficient creation-and-redemption workflows, and simpler reconciliation across the OGM product stack. The company has positioned OGM as the world's largest tokenized stock and ETF platform by total value locked, which currently stands at $3.55 billion.

Related Brief3d ago
digital assets

ClearBank's MiCA license integrates stablecoins into regulated European banking rails

Businesses and individuals can now use USDC and EURC stablecoins for payments, remittances, and treasury operations through regulated banking infrastructure. The Dutch Authority for the Financial Markets (AFM) granted ClearBank a Crypto Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets (MiCA) framework. This authorization provides ClearBank an EU-wide passport to legally provide custody, exchange, and order execution services across the European Economic Area. Through an expanded partnership with Coinbase, ClearBank will issue and distribute Circle’s dollar-denominated USDC and euro-denominated EURC stablecoins. The integration allows Coinbase users to access savings accounts protected by the Financial Services Compensation Scheme (FSCS).

The request follows a December 2025 closure of a confidential SEC investigation into Ondo's tokenized U.S. Treasuries and its ONDO token without any charges. If SEC staff approve the model, it would represent the first formal regulatory confirmation that public blockchain infrastructure can function within the U.S. securities recordkeeping system, establishing a regulatory template for other real-world asset tokenization firms.

Related Brief2d ago
investment scams

A promised hourly return of P1,212 becomes a warning about unregistered crypto platforms

A promised hourly return of P1,121.08 is not an investment opportunity—it’s a red flag. The Securities and Exchange Commission (SEC) has warned the public against the unregistered scheme Ecocapsule, which dangles a maximum hourly income of P1,212.08 under its "mini" plan, promising up to P174,643.02 over 60 days. The larger plan offers up to P43,411.02 daily, totaling P347,298.08 in 80 days—returns so steep they defy legitimate market mechanics. Ecocapsule is not registered with the SEC and holds no license to solicit investments. It also promotes team-building and marketing commissions, a structure commonly tied to illegal pyramiding. The regulator identified the scheme as part of a broader trend of unauthorized digital platforms exploiting app-based access to commit financial fraud. Separately, the SEC flagged HTX Cryptocurrency Exchange and Huobi Global, operating under the HTX brand, for offering crypto trading and derivatives without corporate registration, securities licensing, or status as a registered crypto-asset service provider. These platforms distribute unauthorized application package files that, when installed, can give scammers full access to mobile devices—enabling them to intercept one-time passwords, steal banking credentials, and initiate unauthorized loans. Soliciting investments without proper registration violates Republic Act No. 8799, the Securities Regulation Code. The SEC urges the public to report suspicious schemes through its hotline or iMessage Portal. Enforcement actions and financial literacy campaigns will continue as part of the Commission’s effort to curb illegal investment activities.

SEC retail investor ruleinsider trading SEC chargeSEC enforcement actionRipple XRP SECSEC crypto enforcementcrypto money laundering enforcementpayment for order flow SECSEC ESG enforcementcrypto IRS ruling

The Ledger Morning

The essential intelligence to start your trading day. Delivered 6:00 AM EST.

Join 50,000+ professionals who start their day with The Digital Ledger.

No spam. Unsubscribe anytime.

Read More Analysis

Fed interest rate decision

Oil Shocks Push Federal Reserve Rate Cuts Into 2027

Consumer sentiment has reached its lowest level on record. This follows the biggest monthly jump in inflation since 2022…

Robinhood

Truist Lowers Robinhood Price Target to $100 on Revenue Headwinds

Robinhood shares have fallen 39% year-to-date and are currently trading at $70.69. This decline reflects revenue headwin…

DoiDoi

© 2026 DojiDoji. All rights reserved.

EditorialEditorial GuidelinesCorrections
LegalPrivacy PolicyTerms of Service
DisclosureSEC DisclosuresAd Choice
SocialX (Twitter)LinkedIn