Ondo Finance (ONDO) asks the SEC to approve stock tokenization; the company also forecasts TVL growth to $5 billion by year-end.

Ondo Managing Director Katie Wheeler forecasts TVL to grow to $5 billion by year-end—a fivefold increase from the current level. For comparison, the entire tokenized equity market is around $1.5 billion, while the stablecoin market stands at $323 billion, representing just about 1% of M2.

The SEC is expected to unveil the so-called “innovation exemption” for tokenized securities as early as this week.

The passage of the CLARITY Act could further accelerate growth by establishing a clear regulatory framework for tokenized products in the U.S. Currently, the platform is not accessible to U.S. investors, but it has already received regulatory approval in 30 European countries.