Ondo Private Markets Launches OpenAI Private Market Notes, Supporting 24/7 On-Chain Trading Without Waiting for an IPO

On October 8, based on official announcements, Ondo Private Markets under Ondo has announced that the OpenAI Private Markets Note is now available for trading on the Ondo Perps spot order book.

According to the introduction, Ondo Private Markets is committed to bringing economic exposure of private companies on-chain, providing tokenized notes to qualified investors. Its design aims 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 company's common stock, subject to the details set forth in the note's offering documents.

This listing brings three core advantages: first is immediate availability to buy and sell, allowing 7x24 trading on the Ondo Perps spot order book from the first day of launch without waiting for an IPO; second is self-custody and free transferability, where users can store tokens in their own wallets and freely transfer them among qualified holders; third is mature infrastructure support, as Ondo Private Markets is built on the same platform that developed Ondo's tokenized equities and tokenized U.S. Treasury products, which boasts 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. There is no affiliation, partnership, or endorsement relationship between Ondo and OpenAI.