Ondo Finance purchases Oasis Pro to broaden its tokenization capabilities within the United States
In a significant move, blockchain company Ondo Finance has announced the acquisition of Oasis Pro Markets, a US-regulated digital securities platform. This deal brings together two key players in the digital securities sector, strengthening Ondo Finance's regulatory foundations and expanding its offerings.
Founded in 2019, Oasis Pro operates as an SEC-registered and FINRA member broker-dealer, as well as an Alternative Trading System (ATS) and SEC-registered Transfer Agent. It is among the first US-regulated ATSs authorized to support settlement of digital securities in fiat and stablecoins like USDC and DAI.
The acquisition gives Ondo Finance an SEC-registered broker-dealer, an ATS registration, and an SEC-registered Transfer Agent, making it one of the few companies in the digital securities sector to possess all three authorizations or licenses.
Ondo Finance, with $1.4 billion in assets under management, has been targeting offshore investors with its USDY yield token, which provides exposure to short-term Treasuries. However, its onshore OUSG token has been available only to accredited investors. With the acquisition of Oasis Pro Markets, Ondo Finance is poised to extend its reach to a wider audience.
Pat LaVecchia, CEO of Oasis Pro, will join the team at Ondo Finance following the acquisition. Nathan Allman, CEO of Ondo Finance, stated that the acquisition of Oasis Pro Markets unlocks the next major chapter of tokenized finance.
Besides Ondo Finance and Securitize, other companies in the digital securities sector that have both an SEC-registered broker-dealer and an ATS registration include Republic, which plans to acquire INX, a licensed ATS, to support trading their US-based mirror tokens. The aim is to combine ATS registration with their broker-dealer functions to support tokenized securities.
INX operates as a licensed alternative trading system (ATS) that Republic intends to acquire to enable regulated trading of tokenized securities in the US. Thus, apart from Securitize and Figure Technologies, Oasis Pro (now part of Ondo Finance) and INX (planned acquisition by Republic) represent key examples of firms with both SEC-registered broker-dealer and ATS registrations in the US digital securities sector.
This acquisition empowers Ondo Finance to build a robust and accessible tokenized financial system, backed by the strongest regulatory foundations. It marks a significant step forward in the development of the digital securities sector, paving the way for a more inclusive and regulated tokenized financial ecosystem.
[1] Oasis Pro Markets - https://oasispromarkets.com/ [2] Ondo Finance - https://ondo.finance/ [3] FINRA - https://www.finra.org/ [4] Republic - https://republic.co/ [5] INX - https://inx.co/
- The acquisition of Oasis Pro Markets by Ondo Finance has brought two key players in the digital securities sector together, strengthening Ondo Finance's regulatory foundations and expanding its offerings.
- Oasis Pro, with its SEC-registered broker-dealer, ATS registration, and SEC-registered Transfer Agent, has now become a part of Ondo Finance, making it one of the few companies in the digital securities sector to possess all three authorizations or licenses.
- With the acquisition, Ondo Finance, managing $1.4 billion in assets, is now poised to extend its reach to a wider audience, offering its USDY yield token to offshore investors and potentially making its onshore OUSG token available to non-accredited investors.
- INX, a licensed ATS that Republic plans to acquire, will enable regulated trading of tokenized securities in the US, joining Securitize, Figure Technologies, Ondo Finance, and now Oasis Pro as key examples of firms with both SEC-registered broker-dealer and ATS registrations in the US digital securities sector.
- This convergence of technology, regulation, and finance through acquisitions and partnerships is an encouraging development for the digital securities sector, signaling a move towards a more inclusive and regulated tokenized financial ecosystem.
