Ondo launches tokenized private-company notes tracking pre-IPO AI firm valuations with 24/7 secondary market trading.
Tech & Launches ·
Ondo has launched a tokenized product offering onchain exposure to private-company equity, beginning with pre-IPO shares of an AI firm. The tokenized notes track per-share valuations at qualifying liquidity events and trade continuously on secondary markets without time-of-day restrictions.
The structure allows retail participation in private-market investments traditionally limited to institutional or accredited participants. Holdings are backed by actual pre-IPO equity, with value realization tied to concrete corporate events such as funding rounds or exits rather than speculative price discovery alone. Secondary market trading on blockchain infrastructure enables fractional ownership and 24/7 settlement.
The breadth of Ondo's planned coverage—beyond the initial AI holding—remains unspecified, as does the mechanism for valuation updates between liquidity events or the fee structure governing the product.