[Ondo Finance Calls for Increased Transparency Before Advancing Nasdaq Tokenization Proposal] According to a report by Golden Finance, Ondo Finance has sent a letter to the U.S. Securities and Exchange Commission (SEC), requesting more details on settlement mechanisms before approving Nasdaq's proposal to support tokenized stocks and ETFs. The proposal plans to process the settlement of 'tokenized securities' through the Depository Trust Company (DTC) clearing system. Ondo stated that tokenization is ushering in a new phase of financial innovation and should be advanced through open collaboration and transparent standards. They urged the SEC to conduct further reviews before making a final decision. Ondo currently manages various tokenized assets, including money market funds and U.S. government securities, and is associated with the World Liberty Financial project backed by the Trump family. Last month, Nasdaq submitted a rule amendment application to the SEC to support stock tokenization, claiming that this move could drive market structure innovation without compromising investor protection. SEC Commissioner Hester Peirce also noted that asset tokenization has become a regulatory focus. However, the nonprofit organization Better Markets warned that tokenization could weaken investor protection. Its securities policy director, Benjamin Schiffrin, stated that the SEC's primary task should be to protect investors rather than catering to the demands of the crypto industry.