Ondo Finance has revealed it has reached an agreement to purchase Oasis Pro Inc., along with its fully owned subsidiary, Oasis Pro Markets LLC. The deal is awaiting regulatory clearance and it is also a major expansion of Ondo in the U.S. finance industry. Oasis Pro Markets is an SEC-registered broker-dealer , a FINRA and SIPC member. The company is also a registered Transfer Agent and runs an Alternative Trading System (ATS).
Oasis Pro Markets comes in with a complete package of licenses important to functionalize in the regulated securities market in the United States. These licenses will give Ondo Finance the infrastructure required in order to facilitate compliant issuance, trading, and settlement of tokenized securities. By doing this, Ondo is established to cater to the needs of institutional and retail investors desiring exposure to regulated digital assets in the American markets.
Oasis Pro and Ondo Build Compliant Token Ecosystem
The combination of the regulated platform of Oasis Pro with the current blockchain framework by Ondo Finance will make a basis of a compliant ecosystem of tokenized financial products. Oasis Pro Markets will not sell, hold, or transfer digital assets in the transaction. Similarly, Ondo Finance and its affiliates do not at this time offer brokerage services and are not registered with the SEC as broker-dealers, member FINRA.
Oasis Pro was launched in 2019 and was one of the first regulated ATSs in the United States to support the settlement of digital securities in fiat currencies and stablecoins (USDC and DAI). The company has participated actively in regulatory commentary, being part of the Crypto Working Group at FINRA. This record will aid Ondo in its continuing expansion of regulatory-approved digital asset platforms.
Ondo Finance Eyeing Tokenized Stocks for Global Investors
Ondo Finance, which now controls $1.4 billion in tokenized real-world assets, has set its sights on providing non-U.S. retail investors with an avenue to access tokenized stock exposure in the near future through its Global Markets initiative. This project will also be facilitated by collaborations with multiple digital wallets, exchanges, and decentralized protocols.
The market of tokenized public equities is estimated by analysts to reach as much as 18 trillion by 2033. The purchase of Oasis Pro supports this trend and Ondo strategy to build a safe, regulated infrastructure of blockchain-based financial products in the U.S. and internationally.
