Ondo Finance Tokenization Platform
He said he agreed to buy Oasis Pro, a regulated brokerage platform, establishing the bases to implement tokenized shares in the coming months.
The acquisition, whose price was not revealed, would give Ondo a package of US values licenses: a stockbroker, alternative negotiation system (ATS) and transfer agent regulated by the US stock and values commission. UU., said a company statement.
Tokenization companies have sought more and more regulated entities to enter the US market as an interest in blockchain -based values. Tokenization aims to bring traditional financial instruments, such as bonds, actions and funds in the chain, promising agreements faster and 24/7, broader access to investors and programmable transactions. The reports of Ripple, BCG, McKinsey and Standard Chartered have projected that the tokenized assets could climb in the billion dollars during the next decade.
This year, Archax, based in the United Kingdom, acquired the private market agent of Finra regulated for Finra to expand to the United States and Prometheus also announced a launch of acquisition agents and transfer of transfers.
“This acquisition combines our brokerage and license platform with the infrastructure and existing institutional grade products, an integral base for an regulated tokenized values ecosystem,” said the CEO of Oasis PR Lavecchia, who will join Ondo when the acquisition is closed.
Oasis Pro, founded in 2019 by, was one of the first US companies authorized to resolve digital values in Fiat and Stablecoins such as USDC and DAI. It also contributed to shape regulatory policy through the Crypto working group of Finra.
Ondo, which already manages more than $ 1.4 billion in tokenized assets, said it plans to launch tokenized shares for non -American investors through its global market platform in the coming months. Exchanges, including Robinhood, Gemini, Kraken and Bybit, have recently introduced similar offers.
The agreement is pending regulatory approval.
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