Ondo submits comments to the SEC on transfer agent rules, calling for support of public blockchains

Ondo Finance has filed a comment letter with the U.S. Securities and Exchange Commission on its proposed transfer agent rules, urging the agency to improve the connection between holders and issuers of tokenized securities. The firm asked that information and legal-review requirements for routine transactions be proportionate to the transaction's nature, avoiding duplicate collection of already-verified personal data or redundant legal work. Ondo also called for rules that support public blockchains without requiring transfer agents to control the entire network, and for viable compliance paths for smaller service providers. The filing matters because transfer agent rules shape how tokenized securities can be issued, recorded and transferred on-chain in the U.S., a market Ondo is targeting with its tokenized Treasury products. What to watch next is how the SEC incorporates these comments into its final transfer agent rule and whether public blockchains are explicitly accommodated.