[Ondo Finance Launches On-Chain Tokenization Product for Private Markets, First Target is a Pre-IPO AI Company] BlockBeats News, October 6, Ondo Finance announced the launch of Ondo Private Markets, providing investors with on-chain economic exposure to top private companies through tokenized notes. The first target will focus on an unlisted company in the artificial intelligence sector (Pre-IPO AI company), with secondary market trading expected to open this week. Subsequently, Ondo Private Markets plans to expand to private enterprises in sectors such as robotics, cybersecurity, biotechnology, and infrastructure. Ondo stated that the tokens are not equivalent to the company's stocks or shares but provide holders with economic exposure to the value performance of the reference company's common stock during qualifying liquidity events (such as IPOs, mergers, etc.) through tokenized notes. The tokens can be freely transferred on-chain and integrated with the DeFi ecosystem. This product is built on Ondo's existing on-chain asset infrastructure, which currently has a combined TVL of approximately $3.7 billion and over 1 million cumulative holders across its tokenized stock and U.S. Treasury platforms. Ondo Finance noted that the majority of large U.S. enterprises remain private, with approximately 87% of companies generating over $100 million in annual revenue being unlisted. Traditional investors often face challenges in accessing early growth opportunities for these companies. Ondo Private Markets aims to provide a more flexible trading channel through blockchain secondary markets, enabling qualified investors to adjust their private market exposure around the clock. [Original Link]