Real-world asset (RWA) tokenization platform Ondo Finance has completed the acquisition of Oasis Pro, a regulated digital asset broker-dealer and alternative trading system (ATS).
The deal will enable Ondo Finance to develop and provide tokenized securities markets in the US. The firm had announced the planned acquisition in July.
The deal, completed this month, gives Ondo Finance access to an SEC-registered broker-dealer, ATS, and transfer agent designations. This will allow the firm to operate compliant markets for tokenized securities within the United States. Oasis Pro was founded in 2019 and operates as a FINRA-member broker-dealer and SEC-registered transfer agent. It was among the first companies authorized to support digital securities settlement in both fiat and stablecoins. Ondo Finance founder and CEO Nathan Allman stated,
“We now have the most comprehensive suite of licenses and infrastructure necessary to develop compliant and regulated tokenized securities markets in the U.S. This acquisition makes Ondo’s offering one of the strongest commitments to building a transparent, accessible, and compliant financial system on-chain.”
Ondo Finance first announced plans to acquire Oasis Pro in July. While many firms have shown interest in offering tokenized securities to US investors, regulators have yet to determine how trading equities online will function for Americans. The company launched 24/7 on-chain access to over 100 US stocks and ETFs, starting with Ethereum. The investment products were available to investors in Asia, Europe, Africa, and Latin America.
Oasis Finance was founded in 2019 and was one of the first companies to secure approval for listing and settling digital securities in fiat and stablecoins. The firm’s licenses will help boost Ondo Finance’s abilities to offer tokenized equity trading. Ondo currently manages over $1.6 billion in assets, offering non-US investors products like tokenized Treasurys (OUSG) and yield-bearing USDY tokens.
Platforms like Robinhood, Kraken, Gemini, and Coinbase have also expressed interest in growing their tokenized equities business. A report by Ripple and the Boston Consulting Group predicted that the tokenized asset market could reach $18 trillion by 2033. Nasdaq has also filed a rule change with the SEC stating that tokenized shares will carry the same rights and privileges as the underlying security, qualifying for unified trading and execution priority under the plan. Oasis Pro CEO Pat LaVecchia stated,
“This strategic combination unites an incredibly talented team, infrastructure, and expertise to build the leading trusted, regulatory-compliant platform in digital assets. We are excited to be part of this journey.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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