Ondo Finance plans to offer tokenized stocks after buying broker Oasis Pro, gaining key U.S. licenses.
- Ondo will gain SEC-regulated licenses by acquiring Oasis Pro.
- Tokenized stocks will be available soon for global investors.
- Other companies like Robinhood and Gemini are also joining this trend.
Ondo Expands With a Regulated U.S. Platform
Ondo Finance announced that it will buy Oasis Pro, a U.S.-regulated brokerage platform. With this move, Ondo will get licenses from the U.S. Securities and Exchange Commission (SEC). These include broker-dealer, Alternative Trading System (ATS), and transfer agent licenses. This allows Ondo to offer financial products under U.S. law.
What Is Tokenization?
Tokenization is a way to bring real-world assets like stocks and bonds to the blockchain. By doing this, people can trade them 24/7, with faster settlements and more access for investors. Ondo already manages over $1.4 billion in tokenized assets. Now, the company plans to grow even more with this acquisition.
Oasis Pro’s Role and History
Oasis Pro is a company that’s been active since 2019. It was one of the first in the U.S. to settle digital securities in fiat money and stablecoins like USDC and DAI. The firm also helped shape crypto rules by working with FINRA’s Crypto Working Group. After the deal, Oasis Pro’s CEO, Pat LaVecchia, will join Ondo.
Growing Interest in Tokenized Stocks
More companies are entering this space. Robinhood, Gemini, Kraken, and Bybit have already launched similar tokenized stock platforms. U.K.-based Archax and U.S.-based Prometheum have also made moves to reach American investors. Reports from groups like Ripple, BCG, McKinsey, and Standard Chartered suggest strong future growth for the tokenized asset market.
What’s Next?
Ondo says it will launch tokenized stocks for non-U.S. users through its Global Markets platform. This move is still waiting for final approval from U.S. regulators.
Source: coindesk.com
