Ondo Finance (ONDO), a blockchain platform specializing in institutional-grade finance, announced on July 4, 2025, its acquisition of Oasis Pro – a broker-dealer regulated by the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). This strategic move aims to accelerate Ondo's expansion into tokenized real-world assets (RWA), particularly tokenized stocks for the U.S. market.
Oasis Pro, founded in 2019 and FINRA-member since 2020, provides compliant infrastructure for issuing and trading tokenized securities. The acquisition grants Ondo access to critical regulatory licenses, including broker-dealer, Alternative Trading System (ATS), and Transfer Agent qualifications. Oasis Pro CEO Pat LaVecchia will join Ondo's leadership team, stating: "This combines our brokerage platform with Ondo's institutional infrastructure to build a regulated tokenized securities ecosystem."
The deal follows Ondo's $250 million RWA investment initiative with Pantera Capital and positions the company against competitors like Kraken and Robinhood in the tokenized stocks sector. Ondo currently manages over $1.4 billion in tokenized assets, part of the $24.79 billion total on-chain RWA market projected to reach $18 trillion by 2033. CEO Nathan Allman emphasized: "This acquisition empowers our vision for a regulatory-backed tokenized financial system," with tokenized stock offerings for non-U.S. investors planned in coming months.