Ondo Private Markets Launches OpenAI Private Markets Note, Supporting 24/7 On-Chain Trading Without Waiting for IPO

Odaily Planet Daily reports that the RWA platform Ondo's subsidiary, Ondo Private Markets, has announced the launch of the OpenAI Private Markets Note on the Ondo Perps spot order book, enabling users to conduct 24/7 on-chain trading. This product is designed to provide qualified investors with economic exposure linked to OpenAI's private market valuation performance, tracking the realized value per share of the reference company's common stock through tokenized notes. Users can gain exposure to the relevant market without waiting for OpenAI's public listing. Ondo stated that the note has three key features: 1. It supports round-the-clock trading, allowing users to buy and sell on the Ondo Perps spot order book. 2. It supports self-custody, enabling users to store tokens in personal wallets and transfer them among qualified investors. 3. It is built on Ondo's existing tokenized asset infrastructure, with the platform currently boasting a TVL of approximately $3.9 billion and over 1 million holders. Ondo emphasized that the note does not represent OpenAI shares or equity, and holders do not enjoy shareholder rights in OpenAI. Ondo has no affiliation, partnership, or endorsement relationship with OpenAI.