Ondo Finance has announced plans to acquire the brokerage platform Oasis Pro, which will grant them securities licenses in the U.S.
Acquisition of Oasis Pro
Ondo Finance has announced its acquisition of Oasis Pro, a U.S.-regulated brokerage platform. The deal, pending regulatory approval, will allow Ondo to obtain broker-dealer licenses, Alternative Trading System (ATS) registration, and transfer agent registration.
Oasis Pro's Role in the Market
Founded in 2019, Oasis Pro was one of the first U.S. firms authorized to settle digital securities using both fiat and stablecoins, such as USDC and DAI. Oasis Pro CEO Pat LaVecchia stated, "This acquisition combines our brokerage platform and licenses with Ondo’s existing institutional-grade infrastructure and products."
Tokenization Trends
The acquisition comes amid growing demand for tokenized financial instruments. It is expected that tokenized assets could reach trillions in value over the next decade. Ondo recently announced a partnership with Pantera Capital to launch the Ondo Catalyst initiative, a $250 million program focused on real-world asset tokenization.
The acquisition of Oasis Pro will enable Ondo Finance to solidify its position in the tokenized securities market, moving towards new services for institutional and global clients.
