Ondo Finance’s native token gained traction on Monday after the U.S. Securities and Exchange Commission (SEC) closed a confidential investigation into the platform, signaling growing regulatory clarity for tokenized real-world assets (RWA).

The SEC, under previous leadership led by Gary Gensler, had launched the probe in 2024 to examine whether Ondo’s tokenization of certain real-world assets complied with federal securities laws and whether the ONDO token itself should be classified as a security, an Ondo spokesperson told CoinDesk. The investigation concluded without any charges, the company announced via a post on X.

“With the investigation now closed, the overhang on Ondo and the tokenization of securities is over,” the spokesperson said. “This signals openness and a cleared path forward for the tokenization of assets.”

The announcement comes amid a broader easing of regulatory pressure on crypto and digital-asset protocols under the Biden administration’s successor. Industry observers note that the current SEC leadership has taken a more supportive stance toward tokenization, which was often considered a contentious area under the previous administration.

New SEC Chairman Paul Atkins has highlighted tokenization as a transformative innovation for capital markets. In a FOX Business interview last week, he said tokenized assets could reshape the financial system over the coming years, offering new opportunities for liquidity, transparency, and market access.