Tokenization platform Ondo Finance ONDO said it agreed to buy Oasis Pro, a regulated brokerage platform, laying the groundwork for rolling out tokenized stocks in the coming months.
The acquisition, whose price was not disclosed, would give Ondo a bundle of U.S. securities licenses: a broker-dealer, Alternative Trading System (ATS) and transfer agent regulated by the U.S. Securities and Exchange Commission, a company statement said.
Tokenization firms have increasingly sought regulated entities to enter the U.S. market as interest in blockchain-based securities soars. Tokenization aims to bring traditional financial instruments such as bonds, stocks and funds on-chain, promising faster and 24/7 settlements, broader investor access and programmable transactions. Reports from Ripple, BCG, McKinsey, and Standard Chartered have projected that tokenized assets could scale into the trillions of dollars over the next decade.
This year, U.K.-based Archax acquired FINRA-regulated broker-dealer Globacap Private Markets to expand into the U.S. and Prometheum also announced a broker-dealer acquisition and transfer agent launch.
"This acquisition combines our brokerage platform and licenses with Ondo’s existing institutional-grade infrastructure and products, a comprehensive foundation for a regulated tokenized securities ecosystem," said Oasis Pro CEO Pat LaVecchia, who is set to join Ondo when the acquisition closes.
Oasis Pro, founded in 2019 by, was one of the first U.S. firms authorized to settle digital securities in both fiat and stablecoins like USDC and DAI. It also contributed to shaping regulatory policy through FINRA’s Crypto Working Group.
Ondo, which already manages over $1.4 billion in tokenized assets, said it plans to roll out tokenized stocks for non-U.S. investors via its Global Markets platform in the coming months. Exchanges including Robinhood, Gemini, Kraken, and Bybit have introduced similar offerings recently.
The deal is pending regulatory approval.
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