Ondo Finance has called on the U.S. Securities and Exchange Commission (SEC) to postpone the approval of Nasdaq's proposal to tokenize stocks and ETFs. The startup, which focuses on tokenized assets, expressed concerns over the lack of clarity in the settlement process with the Depository Trust Company (DTC). Ondo Finance emphasized the importance of transparent standards in financial innovation to ensure investor protection. Nasdaq is currently pushing forward with its tokenization plans, aiming to balance innovation with investor safeguards. The proposal has sparked industry discussions about regulatory exemptions and the safety of investors in the evolving financial landscape.