Ondo Finance has announced that it is acquiring Oasis Pro, including its SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent (TA). This move aims to strengthen the development of regulated tokenized securities in the U.S. financial market.
With this acquisition, Ondo plans to expand its tokenized finance offerings, positioning itself as a key player in the blockchain-based securities space.
Ondo Finance Acquisition Details and Purpose
Ondo Finance’s acquisition of Oasis Pro will significantly strengthen its regulatory position by granting the company a comprehensive suite of U.S. securities licenses. These licenses include a broker-dealer, ATS, and transfer agent, making Ondo one of the few firms with the infrastructure necessary to develop and operate a fully regulated tokenized securities platform in the U.S.
Nathan Allman, CEO of Ondo Finance, expressed the importance of the deal, stating, “This unlocks the next major chapter of tokenized finance.” The move is designed to help Ondo expand its offerings and lead the way in providing compliant, blockchain-based financial products, which could transform the traditional finance market.
Pat LaVecchia, CEO of Oasis Pro, will join Ondo Finance as part of the deal. LaVecchia spoke about the value the partnership brings, stating,
“This acquisition combines our brokerage platform and licenses with Ondo’s existing infrastructure, creating a comprehensive foundation for a regulated tokenized securities ecosystem.”
Launch of the Ondo Catalyst Initiative
In addition to the acquisition of Oasis Pro, Ondo Finance also announced the launch of the Ondo Catalyst initiative, a quarter-billion dollar initiative aimed at supporting the tokenization of real-world assets. Backed by Pantera Capital, this initiative represents one of the largest dedicated efforts to grow the tokenized asset ecosystem.
Pantera Capital’s expertise in blockchain and digital assets will play a critical role in evaluating and investing in projects within the Ondo ecosystem.
Nathan Allman described the initiative as a vital part of scaling “Wall Street 2.0,” accelerating tokenization adoption across industries. Pantera’s involvement is expected to help drive utility, scalability, and broader adoption of tokenized assets in traditional financial markets.
Tokenized Stocks and the Growing Regulatory Framework
As part of its plans, Ondo Finance is preparing to introduce tokenized stocks to global markets. This move is part of a broader trend in the industry, with companies like Robinhood and Kraken expanding their offerings of tokenized securities. Ondo plans to roll out tokenized stocks to non-U.S. investors via its Global Markets platform in the coming months, partnering with wallets, exchanges, and protocols to enhance accessibility.
In the U.S., support for tokenization is growing. Paul Atkins, the SEC chairman, has voiced his support for the tokenization of stocks, stating that the U.S. SEC will likely support tokenization efforts as platforms like Robinhood and Kraken continue to expand their tokenized security offerings. Atkins emphasized that tokenization could bring greater efficiency, transparency, and access to traditional financial markets.
However, the acquisition of Oasis Pro is still pending regulatory approval.
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Source: https://coingape.com/ondo-finance-acquires-oasis-pro-to-build-regulated-tokenized-securities/