[Ondo Launches On-Chain Private Equity Exposure Product, Debuts AI Pre-IPO Tokenized Private Note] According to Golden Finance, on October 6, Ondo Finance launched its private market platform, Ondo Private Markets, issuing tokenized private company notes. The first offering is tied to a pre-IPO artificial intelligence company, and the product will be available for 24/7 secondary market trading this week. These tokenized notes provide only economic exposure to the target company, not company equity, and do not come with shareholder rights. They are classified as issuer debt and are open to qualified non-U.S. investors in compliant jurisdictions. The platform plans to expand into assets in sectors such as robotics, cybersecurity, biotechnology, and infrastructure in the future. The combined TVL (Total Value Locked) of Ondo's tokenized stock and treasury platforms has reached $3.7 billion, with over 1 million holders. In July, Ondo partnered with Japan's SBI Holdings to advance the tokenization of Japanese stocks. Industry data shows that the total market value of tokenized stocks has surpassed $42 billion, accounting for 35% of the overall tokenized asset market.