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Ondo launches tokenized notes for private markets tied to pre-IPO AI

Ondo Private Markets links note payouts to the value realized per common share of a referenced AI company at a qualifying liquidity event.

Reported · Written up by our desk · Altcoins

Ondo Finance is expanding beyond public assets with Ondo Private Markets, a set of tokenized notes designed to give eligible investors exposure to private companies, starting with an unnamed pre-IPO artificial intelligence firm, Cointelegraph reports.

The platform says the notes pay out based on the value realized per common share of the referenced company at a qualifying liquidity event, providing economic exposure without direct ownership of the company’s shares.

Ondo also said investors can hold the notes in self-custody wallets or trade them on secondary markets around the clock.

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