Ondo Finance has recently acquired Oasis Pro, solidifying its foothold in the burgeoning RWA tokenization market. The firm has noted steady pricing for its ONDO tokens, currently pegged at around $0.82.
In the current crypto landscape, tokenization appears to be gaining momentum as a major focus, diverging from traditional cryptocurrencies like Bitcoin and various meme coins. The global market for tokenization is anticipated to surpass $16 trillion by 2030, as reported by the Boston Consulting Group (BCG).
RWA Tokenization Taking Off
According to data from rwa.xyz, over $24.8 billion in real-world assets (RWAs) have been tokenized so far, with more than 282,000 holders now engaged in asset tokenization. The bulk of these tokens are hosted on the Ethereum blockchain, alongside others accessible on platforms like Aptos, Stellar, Solana, and Algorand.
Ondo Finance has positioned itself prominently in this market with its offerings of USDG and USDY, which are currently among the most valuable tokenized U.S. bonds in circulation.
Major Acquisition Announced
The acquisition of Oasis Pro was announced on July 4, bringing significant advantages such as absorbing Oasis Pro’s brokerage platform and licenses. This move enables Ondo Finance to operate a regulated trading environment and is a strategic leap toward establishing a compliant tokenized securities ecosystem while bridging decentralized finance (DeFi) and centralized finance (CeFi).
Pat LaVecchia stated that this acquisition lays the groundwork for creating a “regulated tokenized securities ecosystem,” while Nathan Allman noted it empowers them to realize their ambitions of developing a comprehensive tokenized financial infrastructure.
Trading of Tokenized Securities
Ondo is eyeing international markets by preparing to launch a platform for tokenized stocks, which would allow for daily trading like many popular cryptocurrencies. This innovative step aims to provide fractional ownership of stocks via regulated custodians, thereby facilitating wider accessibility for global investors.
As Ondo Finance continues to expand its market presence, the company remains a notable contender in the evolving crypto sector.
