Ondo Launches Tokenized Notes for Pre-IPO AI Exposure — SkimNews
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- Ondo Finance launched Ondo Private Markets, offering tokenized notes tied to the future value of an unnamed pre-IPO AI company at a liquidity event.
- Ondo Finance structured the notes to provide economic exposure without direct share ownership, enabling payouts based on per-share value realized at a qualifying exit.
- Eligible investors can hold the notes in self-custody wallets or trade them on secondary markets continuously, with the first notes expected to begin trading this week.
- Ondo Finance plans to expand the platform with tokenized notes linked to private companies in robotics, cybersecurity, biotech, and infrastructure sectors.
- Ondo Stocks, Ondo’s existing platform for tokenized US equities, has over $1 billion in total value locked and supports more than 450 tokenized stocks and ETFs.
Why it matters: Investors gain 24/7 access to pre-IPO AI exposure through tradable tokenized notes, bypassing traditional private market lockups. This lowers entry friction for qualified participants and sets a precedent for how real-world asset platforms can scale into high-demand private tech sectors with blockchain infrastructure.
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