Ondo’s tokenized notes will give eligible investors exposure to private companies, with the first tied to an unnamed pre-IPO AI company.
Real-world asset tokenization platform Ondo Finance is expanding into private markets with tokenized exposures to an unnamed pre-IPO artificial intelligence company.
The platform introduced Ondo Private Markets, offering tokenized notes whose payouts are linked to the value realized per common share of the referenced company at a qualifying liquidity event. The note provides economic exposure without direct ownership of the company’s shares.
Eligible investors will be able to hold the notes in self-custody wallets or trade them on secondary markets around the clock. Ondo said the first notes are expected to start trading this week, with products tied to companies in robotics, cybersecurity, biotech, infrastructure and other sectors planned to follow.
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