Ondo opens private markets with tokenized pre

Ondo Finance has launched Ondo Private Markets, a new platform designed to provide eligible investors with tokenized exposure to private, pre-IPO companies. The initial offering features notes linked to the value of common shares in an unnamed artificial intelligence firm, with payouts triggered by qualifying liquidity events. These notes offer economic exposure to private equity without requiring direct share ownership, allowing for self-custody and 24/7 secondary market trading. This expansion follows the success of Ondo Stocks, which currently manages over $1 billion in total value locked across 450 tokenized assets. By bridging the gap between private markets and blockchain infrastructure, Ondo aims to democratize access to high-growth sectors like robotics, biotech, and cybersecurity. The move reflects a broader industry trend toward tokenizing private equity, mirroring recent initiatives by major financial players like Citi and Robinhood. This development signifies a critical step in increasing the liquidity and accessibility of traditionally illiquid private market assets through distributed ledger technology.