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📅 July 3, 7:00 – July 9,
Ondo Finance makes a full-scale entry into the tokenized securities market with the acquisition of Oasis Pro, registered with the US SEC.
The cryptocurrency platform Ondo Finance announced on July 4th that it has acquired the U.S. regulatory-compliant fintech company Oasis Pro. With this acquisition, Ondo Finance is expected to obtain comprehensive licenses as an SEC-registered broker-dealer, alternative trading system (ATS), and transfer agent (TA).
Nathan Allman, CEO, stated that "this will open the next important chapter in tokenization finance." The acquisition price is undisclosed and will require regulatory approval. Oasis Pro's CEO Pat LaVecchia is also expected to join the Ondo Finance team.
Oasis Pro, established in 2019, provides a regulatory-compliant infrastructure that supports the issuance and trading of digital securities. As a FINRA member, it has been active since 2020 and is one of the early ATS operators approved for settlements using stablecoins such as USDC and DAI.
According to analysts, the tokenized stock market could exceed $18 trillion by 2033. Ondo Finance plans to begin offering access to tokenized stocks for non-U.S. investors in the coming months.
The company manages over $1.4 billion in assets under management with its existing tokenization products. The acquisition is expected to enable the establishment of a regulated tokenized securities ecosystem for U.S. investors.
On July 3rd, it was also reported that Ondo Finance and Pantera Capital plan to invest $250 million in a real-world asset (RWA) project. Both companies aim to integrate traditional financial markets and the digital asset sector.