Ondo Finance launches Ondo Private Markets on October 6, 2026, offering tokenized notes that provide eligible non-U.S. investors with 24/7 economic exposure to pre-IPO companies. The first notes track an unnamed leading AI company, with payouts tied to share value at a liquidity event. While expanding access to private markets where 87% of high-revenue U.S. firms remain private, the notes carry issuer credit risk and exclude U.S. retail investors due to regulatory restrictions.
Launch of Ondo Private Markets
- ▪Ondo Finance plans to expand Ondo Private Markets with future offerings tied to companies in robotics, cybersecurity, biotech, infrastructure, defense, energy, and space
- ▪Ondo Finance officially launched the Ondo Private Markets platform on October 6, 2026, to offer eligible investors economic exposure to private companies through tokenized notes
- ▪Ondo Finance said the first tokenized notes offered on Ondo Private Markets will track an unnamed, leading pre-IPO artificial intelligence company and are expected to begin secondary-market trading on a 24/7 basis during the week of October 6, 2026
- ▪Ondo Finance did not disclose the assets under management or fund sizes for the Ondo Private Markets platform at its launch on October 6, 2026
Ondo Finance platform metrics
- ▪Ondo Finance has more than $3.7 billion in total value locked and over 1 million cumulative holders across its tokenized stocks and United States Treasuries platforms
- ▪Ondo Stocks, the platform for tokenized United States stocks and exchange-traded funds, has more than $1 billion in total value locked and offers over 450 tokenized assets
Ondo tokenization partnerships
- ▪Ondo Finance partnered with Japan's SBI Holdings in July 2026 to tokenize Japanese equities through Ondo Global Markets, with SBI planning to distribute Ondo products and use its JPYSC stablecoin for settlement
- ▪Ondo Finance and Franklin Templeton planned to launch tokenized exchange-traded funds with 24/7 trading via crypto wallets
Debatable claims
- ▪Round-the-clock trading of private company assets poses unacceptable risks to market stability
- ▪Investing in pre-IPO artificial intelligence companies through tokenized notes is too speculative
- ▪Tokenized notes without shareholder rights do more harm than good for investors
- ▪The issuer credit risk of tokenized notes outweighs the benefits of private market exposure
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