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The Ondo Finance Protocol has completed the acquisition of Oasis Pro, an infrastructure provider in the real world (RWAS), stating that the company will strengthen its tokenized security offers in the United States.
Oasis Pro is a broker-tradener, an alternative trading system (ATS) and a transmission agent (TA) registered with the US Securities and Stock Exchange Commission (SEC). This acquisition gives Ondo funds key support to the regulated market tokenized securities, the company said on Friday in a statement.
Ondo Finance refused to publish the financial conditions of the agreement, but confirmed that the CEO of Oasis for Pat Lavecchia will join the Ondo as part of the acquisition.
Oasis Pro has been a member of the Tax Industry Regulatory Office since 2020 and operates in a crypto working group of the self -regulation organization.
Tokenized securities appear in the crypto industry, while early efforts are largely aimed at offering tokenized US stocks and funds traded on the stock market (ETF) to investors outside the US.
As recently reported by Caintelegraph Kraken and Robinhood Offer tokenized securities to residents outside the US.
By obtaining Oasis Pro, it focuses on Ondo Finance to expand these offers and American investors, the company said.
Related: Chainlink, jpmorgan, Ondo finance Complete Crosschain Treasury Settlement
Ond’s rwa tokenization “Armory race”
The acquisition of Oasis Pro has been announced shortly after the Ondo financing launched the catalyst fund OndoA joint venture with Pantero capital, which aims to invest $ 250 million in RWA projects.
The main strategic director of Ondo Ian de Bode said that the investment is part of the company’s efforts to stay forward in the “arms plant” that developed on the market.
Tokenization gets traction Among the main industrial players such as Blackrock, Franklin Templeton, Multibank and Libre, who are already active on the market.
Together, these and other companies supported the rapid growth of the tokenized RWA, while onchain financial assets are now approaching the cumulative value of $ 25 billion.
The adoption of the industry occurs in Lockstep with eagerness between regulatory bodies to adopt crypto-friendly policies in the second period of US President Donald Trump.
It was one of the main with me from a recent CNBC interview with SEC Chairman Paul Atkinswho called the “innovation” tokenization and promised to end the “agency regulation through recovery”, refers to SEC policies under former chairman Gary Gensler.
Related: The Private Credit Force token market is still dominated by – Redstone
