Ondo Finance Submits Three Filings to U.S. Regulators on Blockchain-Based Products
Ondo Finance has submitted three comment letters to the SEC and CFTC, arguing that current regulations can accommodate blockchain-based financial products if applied differently. The filings focus on rulemaking areas including perpetual futures product definitions, portfolio margining, and market data reporting. Ondo asserts that regulators should evaluate whether a system functions effectively rather than its resemblance to traditional systems. The company highlights how modern infrastructure enables real-time risk assessment for margin requirements and argues against redundant blockchain transaction reporting. It also emphasizes the need for U.S. regulators to bring offshore perpetual futures trading back onshore, citing Ondo Perps as an operational example.
Topics: blockchain CFTC margining market data perpetual futures SEC