SEC Urged to Disapprove Nasdaq Tokenized Securities Plan Amid Transparency Concerns

**SEC Faces Pressure to Block Nasdaq's Tokenized Securities Initiative Over Transparency Issues**

The Securities and Exchange Commission is under mounting pressure to reject Nasdaq's ambitious tokenized securities plan, with **DeFi** pioneer Ondo Finance leading the charge against the proposal. The **cryptocurrency** and **blockchain** community is raising critical concerns about insufficient transparency within the Depository Trust Company (DTC) framework, arguing these gaps could undermine market fairness and stifle **digital asset** innovation.

Ondo Finance, a prominent **fintech** firm specializing in tokenized financial products, has formally requested the SEC to halt approval until complete public disclosure requirements are met. The company argues that Nasdaq's current proposal lacks the transparency standards necessary for **tokenized securities** to operate effectively within traditional market infrastructure.

This regulatory pushback highlights growing tensions between traditional financial institutions and the **DeFi** sector over how **blockchain-based securities** should integrate with existing market systems. The outcome could significantly impact the future of **cryptocurrency** adoption in mainstream finance, potentially affecting **Bitcoin** and broader **crypto market** sentiment as institutional players await clearer regulatory frameworks for **digital asset** securities trading.