ONDO LAUNCHES ONCHAIN PRIVATE-COMPANY EXPOSURE, STARTING WITH AI

Summary from the TLDR Crypto newsletter

Ondo Private Markets will offer tokenized notes tied to the per-share value of selected private companies at qualifying liquidity events, starting with a pre-IPO AI firm whose notes are expected to begin 24/7 secondary-market trading this week. The notes are not shares and carry no ownership or shareholder rights, are obligations of the issuer, and are available only to eligible non-US investors, with robotics, cybersecurity, biotech, and infrastructure companies to follow. Ondo said its tokenized stocks and Treasurys platforms hold $3.7 billion in TVL with more than 1 million cumulative holders, while tokenized equities overall exceed $42 billion in market cap, about 35% of the $121 billion tokenized-asset market.