Ondo Finance said it has agreed to acquire Oasis Pro, a U.S. brokerage platform that holds Securities and Exchange Commission registrations for broker-dealer, alternative trading system and transfer-agent services.
Ondo Finance said it has agreed to acquire Oasis Pro, a U.S. brokerage platform that holds Securities and Exchange Commission registrations for broker-dealer, alternative trading system and transfer-agent services. The deal, announced 4 July, is subject to regulatory approval; financial terms were not disclosed.
The purchase would give the New York-based blockchain firm the licenses it needs to offer tokenized U.S. equities directly to investors, broadening a product line that already includes about $1.4 billion of tokenized assets. Ondo said integrating Oasis Pro’s regulatory infrastructure will let it list, trade and settle traditional securities on-chain while remaining fully compliant with U.S. securities rules.
The move underscores growing competition among fintech and crypto platforms such as Robinhood and Kraken to migrate conventional stocks to blockchain rails, betting that faster settlement and programmability will attract both retail and institutional investors.
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