Ondo said on Oct. 8 that it has officially launched Ondo Private Markets, a new offering aimed at qualified investors seeking tokenized exposure to private companies before they go public. The first instrument listed on the platform is an OpenAI private market note.
According to Ondo, the product is built around three main features. First, it allows 24/7 trading from day one through the spot order book on Ondo Perps, so investors do not need to wait for a company to list publicly. Second, the tokens are self-custodied and transferable, meaning users can hold them in their own wallets and move them between eligible holders. Third, Ondo said the new market runs on the same infrastructure used for its tokenized stock and tokenized U.S. Treasury products.
The company added that the platform behind those products has reached $3.9 billion in total value locked and serves more than 1 million holders. Ondo also stated that the note does not represent OpenAI shares or equity, and holders do not receive any shareholder rights in OpenAI. It said there is no affiliation, partnership, or endorsement relationship between Ondo and OpenAI.
Ondo on Oct. 8 officially launched Ondo Private Markets, a product for qualified investors that offers tokenized exposure to private companies before they go public, with 24/7 trading support. The first listed instrument is an OpenAI private market note.
Ondo said the service has three main features. First, investors can trade at any time. The instrument is available for 24/7 trading on the Ondo Perps spot order book from its first day of listing, without waiting for the company to go public. Second, the tokens are self-custodied and transferable. Users can keep them in their own wallets and transfer them among eligible holders. Third, Ondo Private Markets is built on the same platform used for Ondo’s tokenized stock and tokenized U.S. Treasury products.
According to Ondo, that platform has $3.9 billion in total value locked, or TVL, and more than 1 million holders.
Ondo also said the note does not represent shares or equity in OpenAI, and holders do not receive any shareholder rights in OpenAI. The company added that Ondo has no affiliation, partnership, or endorsement relationship with OpenAI.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
