Ondo Finance acquires Oasis Pro to fuel expansion into securities markets

Ondo Finance, the tokenization platform, announced on July 4 that it is acquiring Oasis Pro, a regulated broker, to drive expansion into the regulated tokenized securities market in the U.S.

The platform said it is buying Oasis Pro, including its broker-dealer, alternative trading system (ATS), and transfer agent (TA) regulated by the Securities and Exchange Commission (SEC).

Ondo Finance is a platform that leverages blockchain technology to tokenize traditional financial offerings such as stocks, bonds, funds, etc.

Tokenization refers to the process of digitally representing stocks as tradable tokens and offering fractional ownership of those stocks to prospective investors.

The process not only digitizes stocks, it also makes them more affordable to trade due to fractional offerings. Analysts predict the market will exceed $18 trillion by 2033, the statement said.

The tokenization platform said it plans to offer tokenized stocks to non-U.S. investors in the coming months through its Global Markets platform.

Ondo already has more than $1.4 billion in tokenized assets under management, and the latest acquisition is part of its targeted expansion.

Ondo Finance CEO Nathan Allman said:

“This acquisition will empower us to realize our vision of building a robust and accessible tokenized financial system, backed by the strongest regulatory foundations.”

Founded in 2019, Oasis Pro was one of the first regulated ATS in the U.S. that was authorized to support settlement of digital securities in both fiat currency and stablecoins like Circle's USDC and DAI.

Pat LaVecchia, Oasis Pro CEO said:

“This acquisition combines our brokerage platform and licenses with Ondo’s existing institutional-grade infrastructure and products, a comprehensive foundation for a regulated tokenized securities ecosystem.”

The deal is yet to be granted regulatory approval.