Ondo Private Markets launched OpenAI private market notes, supporting 24/7 on-chain trading without waiting for an IPO

Ondo's Ondo Private Markets announced that the OpenAI Private Markets Note is now trading on the Ondo Perps spot order book. Ondo Private Markets is committed to bringing economic exposure to private companies on-chain, providing tokenized notes for qualified investors, designed to offer economic exposure linked to the performance of leading private companies. The value of the OpenAI Private Markets Note is calculated based on the realized value per share of the company's common stock, as specified in the note's issuance documents.

This launch brings three core advantages. The first is the ability to buy and sell anytime: trading can begin on the first day of launch on the Ondo Perps spot order book, available 24/7, without waiting for the company to go public. The second is self-custody and free transferability: users can store the tokens in their own wallets and transfer them freely among qualified holders. The third is mature infrastructure support: Ondo Private Markets is built on the same platform that created Ondo's tokenized stocks and tokenized U.S. Treasury products, with a total locked value (TVL) of $3.9 billion and over 1 million holders.

This note does not represent shares or equity in OpenAI, and holders do not have any shareholder rights in OpenAI. Ondo has no affiliation, cooperation, or endorsement relationship with OpenAI.