Ondo opens private markets with tokenized pre-IPO AI exposure

What happened

The platform introduced Ondo Private Markets, offering tokenized (representing an asset as a tradable entry on a blockchain) notes whose payouts are linked to the value realized per common share of the referenced company at a qualifying liquidity event. Ondo said the first notes are expected to start trading this week, with products tied to companies in robotics, cybersecurity, biotech, infrastructure and other sectors planned to follow.

Ondo’s tokenized notes will give eligible investors exposure to private companies, with the first tied to an unnamed pre-IPO (the sale of a company’s shares to the public on a stock exchange) AI company. Real-world asset tokenization platform Ondo Finance is expanding into private markets with tokenized exposures to an unnamed pre-IPO artificial intelligence company.

The note provides economic exposure without direct ownership of the company’s shares. Eligible investors will be able to hold the notes in self-custody wallets or trade them on secondary markets around the clock.

Ondo Stocks, its platform for tokenized US stocks and exchange-traded funds, has more than $1 billion in total value locked and offers more than 450 tokenized stocks and ETFs (a fund traded on a stock exchange like a share), according to the company. Other platforms have also pushed into private markets.

Key facts

• The platform — introduced: Ondo Private Markets, offering tokenized notes whose payouts are linked to the value realized per common share of the referenced company at a qualifying liquidity event
• The note — provides: economic exposure without direct ownership of the company’s shares