PANews reported on October 8 that Ondo Private Markets, a subsidiary of Ondo, announced that the OpenAI Private Markets Note is now available for trading on the Ondo Perps spot order book. Ondo Private Markets is dedicated to bringing economic exposure to private companies on-chain, offering tokenized notes to qualified investors that are designed to provide 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 reference company's common stock, as set forth in the note's offering documents.
This launch brings three core advantages. First, buy and sell anytime: starting from the first day of listing, the note can be traded 24/7 on the Ondo Perps spot order book, with no need to wait for the company to go public. Second, self-custody and free transferability: users can hold the tokens in their own wallets and freely transfer them among qualified holders. Third, support from mature infrastructure: Ondo Private Markets is built on the same platform that created Ondo's tokenized equities and tokenized U.S. Treasury products, which has a total value locked (TVL) of $3.9 billion and over 1 million holders.
The note does not represent shares or equity in OpenAI, and holders do not enjoy any shareholder rights in OpenAI. Ondo has no affiliation, partnership, or endorsement relationship with OpenAI.