Ondo Finance announced the acquisition of brokerage Oasis Pro, which will allow it to expand its asset tokenization capabilities in the U.S. market.
Goals and Details of the Acquisition
Ondo Finance, one of the leading tokenization protocols, has announced the acquisition of Oasis Pro, a fully registered broker under U.S. regulations. This acquisition is part of Ondo's strategic initiative to provide fully regulated access to tokenized securities targeted at U.S. investors.
Ondo will gain access to the infrastructure and market entry points through Oasis Pro Markets LLC, a subsidiary of Oasis Pro that is to be acquired. Ondo stated that there had been no prior relationship with Oasis Pro and that no products had been offered through the brokerage.
Potential of Tokenized Stocks
The acquisition comes at a time when tokenized stocks are becoming the next hot asset class. Ondo sees tokenized stocks as digital assets backed 1:1 by publicly traded shares, with settlement fully on-chain.
Currently, there is no clear standard for tokenized stocks; some platforms offer informal representation of existing shares. Ondo anticipates that the tokenized equity market could reach $18 trillion by 2033 if adopted as a standard.
Oasis Pro's Experience in Product Tokenization
The Oasis Pro brokerage has years of experience in tokenizing various investment products since its inception in 2019. Notably, the company has tokenized alternative assets, including diamonds, which were brought to the Avalanche blockchain in 2024.
Oasis Pro combines crypto infrastructure with a fully regulated license for trading multiple asset classes, removing some of the obstacles to tokenization.
The acquisition of Oasis Pro allows Ondo Finance to significantly strengthen its position in the asset tokenization market and expand the services offered to investors. The success of this initiative could lead to broader opportunities for asset tokenization in the future.
