Ondo opens private markets with tokenized pre-IPO AI exposure
Summary
Ondo Finance launched Ondo Private Markets, offering eligible investors tokenized notes tied to the value realized per share of an unnamed pre-IPO AI company at a qualifying liquidity event. The notes provide economic exposure, not direct share ownership, and are designed for self-custody and 24/7 secondary-market trading. Trading is expected to begin this week, with offerings linked to companies in sectors including robotics, cybersecurity and biotech planned later. Ondo says its tokenized US stocks and ETFs platform holds over $1 billion in value and lists more than 450 assets. Robinhood and Citi have also pursued private-market access or trading initiatives.
