Ondo Finance has announced plans to acquire Oasis Pro, which will open new opportunities for its services in the tokenized financial asset sector.
Acquisition of Oasis Pro and Key Licenses
Ondo Finance has announced its intention to acquire the U.S.-based company Oasis Pro. This will grant Ondo access to important licenses required to trade securities as a registered broker-dealer and to operate a regulated trading platform. Obtaining these licenses presents a significant hurdle and is crucial for any company looking to legally offer digital securities in the U.S.
Launch of the Ondo Catalyst Initiative
Along with the acquisition, Ondo has announced the launch of a new program called Ondo Catalyst, with $250 million in funding. The goal of the initiative is to support projects working to bring real-world assets, such as real estate and stocks, onto the blockchain. The initiative is backed by Pantera Capital, a well-known investor in blockchain technology.
Plans for Launching Tokenized Stocks in Global Markets
Ondo is also preparing to launch tokenized stocks for users outside the U.S. through its Global Markets platform. The company aims to collaborate with wallets, exchanges, and other platforms to ensure broad access to these products, reflecting a larger trend in the industry as other companies begin to offer tokenized securities.
The acquisition of Oasis Pro and the launch of the new initiative will allow Ondo Finance to strengthen its position in the market for tokenized financial assets and offer legal and secure financial products.
