The decentralized finance (DeFi) protocol Ondo Finance has completed the acquisition of real-world asset (RWA) infrastructure provider Oasis Pro, stating that this move will strengthen its tokenized securities products in the United States.
Oasis Pro is a registered broker-dealer, alternative trading system (ATS), and transfer agent (TA) with the U.S. Securities and Exchange Commission (SEC). The company stated in a release on Friday that this acquisition provides Ondo Finance with a significant foothold in the regulated tokenized securities market.
Ondo Finance declined to disclose the financial terms of the deal but confirmed that Oasis Pro CEO Pat LaVecchia will join Ondo as part of the acquisition.
Oasis Pro has been a member of the Financial Industry Regulatory Authority (FINRA) since 2020 and has served on the self-regulatory organization's crypto working group.
Tokenized securities are an emerging focus within the crypto industry, with early efforts primarily aimed at providing tokenized U.S. stocks and exchange-traded funds (ETFs) to investors outside the United States.
As Cointelegraph recently reported, Kraken and Robinhood offer tokenized securities to non-U.S. residents.
The company stated that by acquiring Oasis Pro, Ondo Finance also aims to expand these products to U.S. investors.
The announcement of the Oasis Pro acquisition comes shortly after Ondo Finance launched the Ondo Catalyst Fund, a joint venture with Pantera Capital aimed at investing $250 million in RWA projects.
Ondo's Chief Strategy Officer Ian De Bode stated that this investment is part of the company's efforts to maintain a leading position in the market's tokenization "arms race."
Tokenization has gained attention among major industry players such as BlackRock, Franklin Templeton, Multibank, and Libre, who are already active in the market.
These companies, along with others, have driven the rapid growth of tokenized RWAs, with on-chain financial assets now cumulatively valued at nearly $25 billion.
Industry adoption has coincided with regulators' enthusiasm for crypto-friendly policies during former President Trump's second term.
This was one of the key points from a recent CNBC interview with SEC Chairman Paul Atkins, who referred to tokenization as "innovation" and vowed to end the agency's "regulation by enforcement," referring to the SEC policies under former Chairman Gary Gensler.
Related: Gate, Robinhood, Bybit all in: What’s driving the resurgence of U.S. stock tokenization?
Original article: “Ondo Finance Acquires SEC-Registered Broker-Dealer, Aiming for Tokenized Securities”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
