Ondo Finance Launches Tokenized Notes for Pre-IPO AI Exposure With 24/7 Trading

Ondo Finance Expands Into Private Markets With AI-Linked Tokenized Notes

Ondo Finance has launched Ondo Private Markets, a platform offering blockchain-based financial products that provide exposure to private companies before they go public1

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. The first product references an unnamed pre-IPO AI company, with secondary trading expected to begin this week. This move addresses a significant gap in investment access, as Ian De Bode, Ondo Finance's acting chief executive officer and president, noted that 87% of companies with more than $100 million in revenue remain privately held2

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. The tokenized notes enable eligible investors outside the United States to gain pre-IPO AI exposure through a structure that provides economic returns without granting direct ownership or shareholder rights in the underlying artificial intelligence company.

How Tokenized Notes Provide Private Company Exposure Onchain

The tokenized notes operate as contractual obligations rather than equity stakes. Each note's payout depends on the value realized per common share of the referenced company at a qualifying liquidity event, which can include an initial public offering1

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. Holders receive economic exposure but do not obtain voting rights or other privileges attached to company shares. This structure allows Ondo Private Markets to offer notes linked to individual companies, enabling eligible investors to select specific businesses rather than investing in a fund holding multiple private companies. The notes can be held in self-custody wallets and transferred between qualified investors, working seamlessly with supported blockchain services including decentralized finance platforms2

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. Access remains restricted to eligible non-U.S. investors in permitted jurisdictions who meet specific qualification requirements.

Round-the-Clock Secondary Markets Enable Flexible Trading

Ondo Private Markets supports 24/7 trading on secondary markets, allowing eligible investors to buy, sell or adjust positions before the referenced company completes an IPO or another qualifying liquidity event1

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. This continuous trading capability operates outside regular stock-market hours, providing flexibility unavailable in traditional private market investments. Investors can move their positions between supported wallets and trading venues while maintaining control over their assets. The platform leverages infrastructure already supporting Ondo's existing products, which together hold $3.7 billion in total value locked across more than one million cumulative holders2

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. Ondo's tokenized US stocks and exchange-traded funds platform, Ondo Stocks, has more than $1 billion in total value locked and offers over 450 tokenized stocks and ETFs1

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Expansion Plans Target Robotics, Cybersecurity, Biotech and Infrastructure

Following the initial artificial intelligence offering, Ondo Finance plans to add tokenized notes referencing private companies in robotics, cybersecurity, biotech and infrastructure sectors1

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. This expansion will broaden the platform's product range beyond its existing tokenized public stocks and U.S. Treasury investments. The move follows Ondo's July partnership with Japan's SBI Holdings to tokenize Japanese equities through Ondo Global Markets, with SBI planning to distribute Ondo products across its network using its JPYSC stablecoin for settlement and collateral2

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. The launch positions Ondo Finance alongside other platforms entering private markets, including Robinhood's venture fund, which invested $75 million in OpenAI common stock in April to provide retail investors exposure through its publicly traded closed-end fund, and Citi, which was reported in June to be launching a blockchain marketplace for private-company shares1

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. By democratizing access to private AI companies and other high-growth sectors, Ondo Private Markets aims to reshape how investors participate in pre-IPO opportunities through blockchain technology.