SEC Evaluation Marks First Significant Challenge for Nasdaq's Tokenized Stocks at DTCC's Entrance
SEC Review Initiation: The SEC has begun a formal review of Nasdaq's proposal to list tokenized securities, assessing how these blockchain-based shares can coexist with traditional equities while maintaining existing market safeguards.
Consultation Process: The SEC is seeking public feedback on the proposal, which aims to allow tokenized stocks to trade alongside conventional shares on the same order book, with settlement still managed by the DTCC.
Industry Reactions: While some industry groups support the proposal for its potential efficiency gains, firms like Ondo Finance and Cboe have called for a delay in approval until clearer guidance on tokenized settlement is provided by the DTCC.
Regulatory Focus: The review highlights the growing interest in tokenization within financial markets, emphasizing the need for legal certainty, settlement integrity, and investor protection as blockchain technology's adoption in equity trading is considered.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO) As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0898 | 0.146 | 0.208 | 0.264 | 0.327 | 0.383 | 0.446 |
| Fibonacci | 0.146 | 0.191 | 0.219 | 0.264 | 0.31 | 0.338 | 0.383 |
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