DeFi protocol Ondo Finance has completed the acquisition of Oasis Pro, which bolsters tokenized securities offerings in the United States.
Key Facts About the Acquisition
Ondo Finance has acquired Oasis Pro, a registered broker-dealer and Alternative Trading System, enhancing the company's foothold in the tokenized asset market. The financial terms of the deal have not been disclosed, but it is noted that Oasis Pro's CEO, Pat LaVecchia, will join Ondo's team.
Role of Oasis Pro in the Tokenized Securities Market
Oasis Pro is a registered broker-dealer and Transfer Agent approved by the U.S. Securities and Exchange Commission (SEC). Since its establishment in 2020, it has been a member of FINRA and has participated in the self-regulatory organization’s Crypto Working Group.
Future of Tokenization in the USA
Tokenized securities are becoming an important focus within the crypto industry. Following the acquisition of Oasis Pro, Ondo Finance aims to expand its offerings directed at U.S. investors, similar to offerings already provided by Kraken and Robinhood to international clients.
The acquisition of Oasis Pro by Ondo Finance highlights the growing interest and development of tokenized securities, demonstrating shifts in regulatory policy and the companies' ambitions to take leading positions in an evolving market.
