Ondo Finance has accomplished its acquisition of Oasis Pro, gaining complete SEC-registered licenses that place the real-world asset (RWA) tokenization firm to develop regulated markets for tokenized securities in the USA.
The deal, announced in a weblog submit at present, provides Ondo entry to Oasis Pro’s digital belongings broker-dealer registration, various buying and selling system (ATS) authorization, and switch agent licenses. The corporate described the package deal as “probably the most complete set of SEC registrations to present digital asset companies in the USA.”
“We now have probably the most complete suite of licenses and infrastructure needed to develop compliant and controlled tokenized securities markets within the U.S.,” mentioned Nathan Allman, CEO and founding father of Ondo Finance. “This acquisition makes Ondo’s providing one of many strongest commitments to constructing a clear, accessible, and compliant monetary system onchain.”
The acquisition offers Ondo with full-stack infrastructure for tokenized securities, together with capabilities for main choices, secondary buying and selling of each private and non-private securities, switch agent companies, and capitalization administration. The platform helps settlement in digital forex or fiat, with regulatory approval to conduct secondary market actions throughout conventional NMS securities, OTC equities, company debt, closed-end mutual funds, REITs, structured merchandise, mortgage and asset-backed securities, and privately positioned securities.
Oasis Pro’s licenses additionally allow capital markets actions together with non-public placements, underwriting, and mergers and acquisitions advisory features. The regulatory framework permits Ondo to bridge conventional monetary markets with blockchain infrastructure beneath present securities laws.
Based in 2019, Oasis Pro operates by its subsidiaries an SEC-registered and FINRA member broker-dealer and ATS, together with an SEC-registered switch agent. The corporate was among the many first U.S.-regulated various buying and selling techniques approved to help settlement of digital securities in stablecoins together with USDC and DAI alongside fiat forex.
Oasis Pro has served as a FINRA member since 2020 and participates in FINRA’s Crypto Working Group, contributing to the evolving regulatory framework for tokenized belongings within the U.S. The corporate was backed by traders together with Mirae Asset Ventures.
Ondo has established itself as a serious participant in real-world asset tokenization with over $1.6 billion in belongings beneath administration throughout its present tokenized merchandise. The corporate’s flagship choices embrace OUSG, a tokenized fund backed by short-term U.S. Treasury securities, and USDY, a yield-bearing stablecoin backed by financial institution deposits and Treasuries.
The acquisition accelerates Ondo’s roadmap because the tokenized securities market expands quickly. Trade projections estimate the market may exceed $18 trillion by 2033 as conventional monetary establishments more and more undertake blockchain-based settlement and custody infrastructure.
Bringing regulated market infrastructure in-house permits Ondo to management all the worth chain from tokenization by buying and selling and settlement. The vertical integration eliminates reliance on third-party platforms and offers flexibility to develop new merchandise inside established regulatory frameworks.
The deal displays broader consolidation in digital asset infrastructure as corporations search to purchase relatively than construct compliance capabilities. SEC and FINRA registrations sometimes require years to get hold of, with in depth regulatory assessment of operations, personnel, and capital adequacy. Buying present licensed entities offers instant market entry whereas avoiding prolonged approval processes.
Tokenized securities have gained momentum as conventional finance explores blockchain-based settlement techniques providing potential price reductions and operational efficiencies. Main establishments together with BlackRock, Franklin Templeton, and WisdomTree have launched tokenized fund merchandise, validating the market alternative.
Ondo’s licensing portfolio now positions it to function infrastructure for different issuers searching for to tokenize securities, probably producing income from platform charges and transaction processing past its personal product choices. The corporate didn’t disclose whether or not it plans to open the Oasis Pro infrastructure to third-party issuers.
The acquisition phrases weren’t disclosed. Ondo raised $134 million in Sequence A funding in January 2024 at a $500 million valuation, led by Founders Fund with participation from Pantera Capital, Coinbase Ventures, and different traders. The corporate has not introduced extra fundraising since that spherical.
The Oasis Pro acquisition follows Ondo’s strategic give attention to constructing regulated infrastructure relatively than pursuing unregistered token choices. The corporate’s merchandise function inside conventional securities frameworks, providing yields by regulated funding automobiles relatively than DeFi protocols.
