Ondo urges SEC and CFTC to regulate US stock perpetual contracts

Ondo's push marks a notable attempt from within the tokenized-asset space to preemptively shape the regulatory framework for a hybrid product that blends traditional equities with crypto-style perpetual mechanics. The significance lies in the explicit request for dual-agency clarity, acknowledging that current jurisdictional lines may leave gaps in investor protection. This affects issuers and platforms eyeing US stock exposure via blockchain rails, as well as regulators forced to define product boundaries. The open question is whether such calls accelerate formal rulemaking or simply signal a shift toward compliance-first design in RWA derivatives.