Ondo has launched Private Markets, offering 24/7 trading exposure to pre-IPO tokenized US equities, with its first underlying asset being OpenAI.
54 minutes ago
Ondo has officially launched Ondo Private Markets, providing qualified investors with pre-IPO tokenized exposure to private companies and supporting 24/7 trading. The first asset listed on the platform is OpenAI’s private market notes. Ondo outlines three core features of Private Markets: First, trade anytime—users can conduct 24/7 trading on the Ondo Perps spot order book from launch day, without waiting for the company to go public. Second, self-custody and freely transferable: users can hold tokens in their own wallets and transfer them freely among qualified holders. Third, backed by mature infrastructure: the platform is built on the same system that powers Ondo’s tokenized stock and tokenized U.S. Treasury products, which boasts a total value locked (TVL) of $3.9 billion and over 1 million holders. Notably, these notes do not represent shares or equity in OpenAI, and holders hold no shareholder rights in OpenAI. Ondo has no affiliation, partnership, or endorsement relationship with OpenAI.
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