Ondo Finance Acquires Oasis Pro
In a strategic move to strengthen its foothold in the burgeoning market of tokenized real-world assets (RWAs), Ondo Finance has announced its intention to acquire Oasis Pro, a registered broker-dealer in the United States under the jurisdiction of the Securities and Exchange Commission (SEC). This significant acquisition enables Ondo Finance to obtain vital regulatory licenses, including brokering status, Alternative Trading System (ATS) certification, and the role of Transfer Agent from Oasis Pro.
Transformative Step in Tokenized Finance
Ondo Finance, led by CEO Nathan Allman, views this acquisition as a transformative step in the evolution of tokenized finance, stressing that it lays a solid regulatory groundwork necessary for developing a markets ecosystem aimed at U.S. investors. In his comments, LaVecchia, the CEO of Oasis Pro, highlighted the synergy between his company’s brokerage capabilities and Ondo’s established infrastructure, asserting that this alignment will create a powerful foundation for a compliant marketplace for tokenized securities.
Oasis Pro’s Background
Founded in 2019 and having been a member of FINRA since 2020, Oasis Pro has been at the forefront of implementing compliant systems for issuing and trading tokenized securities. It was notably one of the first U.S.-regulated ATS entities authorized to facilitate the settlement of digital securities, using both fiat and stablecoins.
Market Potential and Strategic Positioning
With the market for tokenized stocks projected to exceed $18 trillion by 2033, as per analysts, Ondo Finance is positioning itself strategically. Currently, the firm manages assets worth over $1.4 billion in tokenized forms and is preparing to extend stock access to investors outside the U.S.
Convergence of Traditional Finance and Blockchain
Both companies are focused on the convergence of traditional finance and the innovative world of blockchain, with Ondo Finance specializing in bringing financial markets onto the blockchain and Oasis Pro offering comprehensive fintech services. While the agreement is a major milestone for both firms, it is subject to regulatory approval, and the financial details of the deal have yet to be disclosed.
