A platform for tokenizing real-world assets has recently acquired a broker-dealer that is registered with the U.S. Securities and Exchange Commission (SEC).
In a recent thread on X, Ondo Finance (ONDO), a decentralized finance (DeFi) and tokenization project, announced the acquisition of Oasis Pro. This move is aimed at bringing regulated tokenized securities to blockchains.
“On America’s 250th birthday, we are excited to announce the next phase of our mission to bring financial markets onto the blockchain. Ondo has acquired Oasis Pro – which includes an SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent – setting the stage for Ondo to establish a regulated tokenized securities ecosystem for blockchain-based financial products for U.S. investors.”
Real-world asset tokenization allows investors to represent ownership of physical assets, like stocks or real estate, as tokens on a blockchain, facilitating easy exchange. Oasis Pro, according to Ondo, was one of the first ATS protocols approved by regulators for use in the digital assets industry.
Nathan Allman, CEO of Ondo, expressed in a company blog post,
“This marks the beginning of a new era in tokenized finance. This acquisition will enable us to realize our vision of establishing a robust and accessible tokenized financial system, underpinned by strong regulatory frameworks.”
At the time of writing, ONDO is trading at $0.774, showing a slight decrease in the last 24 hours.
Follow us on X, Facebook, and Telegram
Don’t Miss a Beat – Subscribe to receive email alerts directly to your inbox
Check Price Action
Explore The Daily Hodl Mix
Generated Image: Midjourney
