Ondo Finance Is Set to Acquire Oasis Pro for Enhanced Tokenized Stock Offerings
Ondo Finance has announced its intent to purchase Oasis Pro, a regulated brokerage platform, aiming to streamline the transition towards trading tokenized stocks in the upcoming months. This acquisition, pending regulatory approval, would empower Ondo with a series of U.S. securities licenses, including those for a broker-dealer, an Alternative Trading System (ATS), and a transfer agent, as noted in a company statement.
Key Points:
- The acquisition is a strategic move for Ondo as it seeks to introduce tokenized stock trading, following similar initiatives by Robinhood, Kraken, and Gemini.
- Oasis Pro was among the pioneering firms in the U.S. authorized to settle digital securities both in fiat and stablecoins.
- This deal aligns with a growing trend among tokenization companies that are buying regulated entities to enhance blockchain capabilities in traditional finances.
“This acquisition combines our brokerage platform and licenses with Ondo’s existing institutional-grade infrastructure,” stated Pat LaVecchia, CEO of Oasis Pro, who will join Ondo upon completion of the acquisition.
Reports suggest that tokenized assets have the potential to evolve into a multi-trillion-dollar market in the coming decade. The deal is currently awaiting regulatory clearance.
