News

Jinse Finance reported that Ondo Finance has sent a letter to the U.S. Securities and Exchange Commission (SEC), requesting more disclosure of settlement mechanism details before approving Nasdaq's proposal to support tokenized stocks and ETFs. The proposal plans to process the settlement of "tokenized securities" through the Depository Trust Company (DTC) clearing system. Ondo stated that tokenization is ushering in a new phase of financial innovation and should be advanced through open collaboration and transparent standards, calling on the SEC to further review before making a final decision. Ondo currently manages various tokenized assets, including money market funds and U.S. government securities, and is associated with the Trump family-backed World Liberty Financial project. Last month, Nasdaq submitted a rule change application to the SEC to support stock tokenization, claiming that this move could promote market structure innovation without sacrificing investor protection. SEC Commissioner Hester Peirce also pointed out that asset tokenization has become a regulatory focus. However, the nonprofit organization Better Markets warned that tokenization could weaken investor protection. Its Director of Securities Policy, Benjamin Schiffrin, stated that the SEC's primary task should be to protect investors, rather than cater to the demands of the crypto industry.

ChainCatcher news, according to Golden Ten Data, the US Dollar Index rose by 0.09% on October 17, closing at 98.432 in the foreign exchange market. On that day, 1 euro exchanged for 1.1668 US dollars, lower than the previous trading day's 1.1689 US dollars; 1 pound exchanged for 1.3434 US dollars, lower than the previous trading day's 1.3436 US dollars; 1 US dollar exchanged for 150.5 Japanese yen, higher than the previous trading day's 150.3 Japanese yen; 1 US dollar exchanged for 0.7926 Swiss francs, lower than the previous trading day's 0.7934 Swiss francs; 1 US dollar exchanged for 1.4017 Canadian dollars, lower than the previous trading day's 1.4046 Canadian dollars; 1 US dollar exchanged for 9.4243 Swedish krona, higher than the previous trading day's 9.4201 Swedish krona.