Ondo to Acquire Regulated Broker for Tokenized Stock Launch

Tokenization platform Ondo Finance

He stated that he agreed to purchase Oasis Pro, a regulated brokerage platform, which in the coming months will put the foundations for the introduction of tokenized stocks.

Acquisitions whose price was not published would give the Ondo package to the US Securities: Broker-Sale, Alternative Trading System (ATS) And the transfer agent regulated by the US Securities and Exchange Commission, the company said.

Tokenization companies were increasingly looking for regulated entities to enter the US market because the interest in securities based on blockchain is rising. The aim of tokenization is to bring traditional financial tools such as bonds, stocks and chain funds, faster and 24/7 settlements, wider approach of investors and programmable transactions. From Ripple, bcg, McKinseyand Chartered Standard They assumed that tokenized assets could spread to trillion dollars in the next decade.

This year with its registered office in the UK Archax obtained Finra-regulated broker-dealer Globacap private markets to spread to the US and Prometheum also notified Running agent for acquisition and transmission of broker.

“This acquisition combines our brokerage platform and license with an existing institutional institutional institution and products, which is a comprehensive basis for a regulated tokenized ecosystem of securities,” said Oasis CEO for Pat Lavecchia.

OASIS PRO, founded in 2019 of the company, was one of the first US companies justified to settle digital securities in both Fiat and Stablecoins, such as USDC and DAI. It also contributed to the formation of regulatory policy through the crypto working group FINRA.

Ondo, which already manages more than $ 1.4 billion in tokenized assets, said in the coming months he plans to introduce tokenized shares for investors outside the US through his platform for global markets. Exchange including Robinhood, Gemini, Krakenand Bybit Recently, similar offers.

The agreement is waiting for regulation approval.

Read more: Ondo, Pantera Capital to inquire $ 250 million in real -world assets