TL;DR
- Ondo Finance announced the acquisition of Oasis Pro, a U.S.-regulated broker, to secure licenses enabling it to operate tokenized assets.
- The deal includes broker-dealer, ATS, and transfer agent licenses, aiming to launch tokenized stocks in both U.S. and global markets.
- The firm already manages over $1.4 billion in assets and joins the growing trend of integrating traditional securities into blockchain ecosystems.
Ondo Finance announced the acquisition of U.S.-based firm Oasis Pro, a regulated brokerage that will give it access to strategic licenses for operating digital assets in the United States.
The acquisition, whose value was not disclosed and remains subject to regulatory approval, includes licenses to operate as a broker-dealer, an Alternative Trading System (ATS), and a transfer agent under SEC oversight. This move is designed to accelerate Ondo’s entry into the tokenized stock market, a segment rapidly gaining traction through platforms like Robinhood, Kraken, and Gemini.
Ondo’s strategy aligns with that of several tokenization firms actively acquiring regulated entities to integrate traditional securities within blockchain-based frameworks.
This model enables faster settlements, uninterrupted operations, and the ability to natively program transactions. It also allows assets like bonds and stocks to be exchanged globally with greater flexibility. According to forecasts from Ripple, BCG, and McKinsey, tokenized assets could be worth trillions of dollars in the coming years.
Ondo Aims to Dominate One of the Most Promising Markets of the Future
Founded in 2019, Oasis Pro was one of the first companies in the U.S. authorized to settle digital securities in both U.S. dollars and stablecoins like USDC and DAI. The firm also contributed to shaping regulatory guidelines through FINRA’s Crypto Working Group — a track record that makes it a valuable asset for Ondo’s expansion.
Pat LaVecchia, current CEO of Oasis Pro, will join Ondo’s team once the deal is finalized. He noted that combining Oasis’ licenses with Ondo’s institutional infrastructure will provide a solid foundation to build a comprehensive tokenized securities ecosystem.
Today, Ondo manages over $1.4 billion in digital assets and plans to launch tokenized stocks for non-U.S. investors through its Global Markets platform in the coming months. The deal remains under review, but signals growing competition among exchanges and operators working to reshape traditional financial markets.
