Ondo Launches Private Markets: Offering 24/7 Tokenized Exposure to Pre-IPO U.S. Stocks, with OpenAI as the First Underlying Asset

BlockBeats news, October 8: Ondo officially launched Ondo Private Markets, offering accredited investors tokenized pre-IPO exposure to private companies with 24/7 trading support. The first listing is an OpenAI private market note.

Ondo stated that Private Markets has three main features: First, buy and sell anytime, with 24/7 trading available on the Ondo Perps spot order book from day one without waiting for a company to go public; Second, self-custody and free transferability, allowing users to store tokens in their own wallets and freely transfer them among accredited holders; Third, support from mature infrastructure, as Ondo Private Markets is built on the same platform that created Ondo's tokenized stocks and tokenized U.S. Treasury products, which has a total value locked (TVL) of $3.9 billion and over 1 million holders. The note does not represent shares or equity in OpenAI, and holders do not enjoy any shareholder rights in OpenAI. Ondo has no affiliation, partnership, or endorsement relationship with OpenAI.