Ondo Finance taps former GFMA Executive Director Allison Parent as chief policy officer

Blockchain platform Ondo Finance is bolstering its policy work with the appointment of a career regulatory titan, Allison Parent, as the company's chief policy officer.

Parent was previously the executive director of the Global Financial Markets Association — a financial trade association representing major capital market participants. Before that, she served in top policy and direct roles at Barclays and the Bank of England, according to a statement released by Ondo Finance.

"Parent's appointment reflects the next phase of our work: industry collaboration with policymakers and regulators worldwide as tokenized assets move into the financial mainstream is integral to establishing clear, credible market standards that institutional adoption requires on a cross-border basis," the company said.

Ondo started offering tokenized U.S. Treasuries in early 2023 with the launch of OUSG, its institutional fund that gives investors exposure to short-term government debt, and now has about $2 billion in total value locked across its Treasury products, John Hoffman, Ondo Finance’s managing director and head of product portfolios, told The Block last week.

In September 2025, the company debuted Ondo Global Markets, a platform for tokenized stocks and exchange-traded funds, which Hoffman said reached $1 billion in total value locked within eight months.

This comes as regulators such as the Securities and Exchange Commission and the Commodity Futures Trading Commission have ramped up efforts to regulate various aspects of the crypto industry as legislation at the federal level stalls. Earlier this month, the SEC proposed a new rule that seeks to offer a pathway for investments involving digital assets that would exempt certain offerings from adhering to securities law. That did not include an anticipated innovation exemption floated earlier by SEC Chair Paul Atkins that focuses more on tokenized assets.

On the Hill

Parent's new role at Ondo Finance also comes as lawmakers in Washington have essentially stalled out in passing sweeping legislation to regulate digital assets for the first time comprehensively at the federal level.

The bill, called the Clarity Act, has hit one hurdle after another, from fights between crypto and banks on stablecoin rewards to addressing President Donald Trump's conflicts of interest. A procedural vote is scheduled for mid-September, but timing is tight as attention swiftly turns to November elections.

Parent also worked on the Dodd-Frank Act, a key federal law that sought to reform the U.S financial system following the 2008 financial crisis. She advised on that legislation as general counsel to the U.S. Senate Committee on the Budget, Ondo Finance said in a statement.

"Balanced regulatory policy involves weighing growth and innovation with market integrity, consumer protection, and overall financial stability," Parent said in the statement. "Ondo Finance has the infrastructure in place and I’m excited to support   unlocking the full potential of  onchain markets."