Tokanakaran Platform Ondo Finance
It is said that it agrees to buy a regulated brokerage platform Oasis Pro, which lays a groundwork to roll token shares in the coming months.
Acquisition, the price of which was not disclosed, will give Ondo a bundle of US Securities License: A broker-dealer, alternative trading system (ATS) A statement by the company said that the transferred transfer agent regulated by the US Securities and Exchange Commission.
Tokenification firms have rapidly demanded regulated institutions to enter the US market as interest in blockchain-based securities. The objective of Tokenization is to promise traditional financial devices such as bonds, stocks and fund on-chains, fast and 24/7 settlements, comprehensive investor access and programable transactions. Reples, BCG, McKins’ and Standard Chartered reports have estimated that tokens may score wealth in trillion dollars in the next decade.
This year, UK-based Archax acquired FINRA-control broker-deale Globacap private markets to expand the US and Promethem also announced the launch of broker-dealer acquisition and transfer agent.
“Acquisition connects our brokerage platforms and licenses with OSDO’s existing institutional-grade infrastructure and products, a regulated token is a comprehensive basis for the securities ecosystem,” said the CEO of Oasis Pro Pat Lavacia, which is ready to join the Ondo when the acquisition is closed.
The Oasis, established in 2019, was one of the first American firms authorized to dispose of digital securities in both USDCs and Dai, such as the Oasis Pro, Fiat and Stabecrims. It also contributed to shaping the regulatory policy through Finra’s Crypto Working Group.
Ondo, already managing more than $ 1.4 billion in tokens property, said it is planning to roll out shares with token shares for non-American investors through its global market platform in the coming months. Exchanges including Robinhood, Gemini, Crackon and Bibit have recently introduced similar offerings.
The deal regulator approval is pending.
Read more: Ondo, Pantera Capital to invest $ 250m in real -world asset projects
