News Summary

• Ondo Finance just asked the SEC for permission, not forgiveness.
• The RWA tokenization leader is distributing $67 million in annualized yield, acquiring a broker-dealer, and preparing production trades within the DTCC consortium by July.
• If the SEC grants the relief, it would mark one of the most significant regulatory green lights for on-chain securities infrastructure to date.
• A no-action letter is the SEC’s way of saying “we won’t sue you if you do this specific thing”