Ondo Finance has finalized its acquisition of digital asset brokerage Oasis Pro, securing a comprehensive suite of U.S. regulatory licenses approved by the Securities and Exchange Commission (SEC). This includes broker-dealer, alternative trading system (ATS), and transfer agent registrations, making Ondo the most extensive SEC-registered entity for digital asset services in the United States.
Following the announcement, the ONDO token price surged by 3%, reflecting immediate market optimism. Ondo Finance now possesses the legal infrastructure to support a compliant tokenized securities market, enabling services such as real-world asset (RWA) tokenization, digital asset transfers, primary market issuance, and multi-asset secondary trading for both tokenized and traditional securities.
In a statement, Ondo Finance emphasized, "With this acquisition completed, Ondo is laying the foundation for a new era of blockchain-based financial products for US investors." The deal enhances Ondo's capabilities in areas like private placements, underwriting, and M&A advisory, while managing over $1.76 billion in tokenized assets and targeting a projected $18 trillion market for tokenized securities.
