Ondo Finance Files Three Comment Letters with SEC and CFTC to Bring On-Chain Derivatives Onshore

Ondo Finance has submitted three distinct comment letters to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), advocating for the integration of blockchain-based financial products under existing regulatory frameworks.
Key takeaways from the filings include:
- Rulemaking Areas: The September 2 filings cover perpetual futures product definitions, real-time portfolio margining, and on-chain market data reporting.
- Regulatory Adaptation: Ondo argues that current laws can accommodate modern financial architecture—such as funding rates replacing expiration dates and real-time margining replacing delayed settlement cycles—without requiring new legislation.
- Onshoring Capital: Highlighting its live offshore perpetual product, which tracks U.S.-listed equities, Ondo urges regulators to repatriate multi-billion-dollar trading volumes back to regulated domestic venues.