DeFi protocol Ondo Finance announced the acquisition of Oasis Pro, an infrastructure provider for tokenizing real-world assets (RWAs), aiming to strengthen its presence in the US regulated tokenized securities market.
Oasis Pro, a broker-dealer and Alternative Trading System (ATS) registered with the US Securities and Exchange Commission (SEC), brings key registration and regulatory capabilities to Ondo. The acquisition, finalized recently, is set to accelerate Ondo’s offerings within the tokenized securities domain, as stated Friday.
The acquisition provides Ondo with a key regulatory foothold in the tokenized securities market.
Ondo declined to specify the financial terms of the deal. However, Oasis Pro CEO Pat LaVecchia has committed to joining Ondo executive team post-acquisition.
Recognized within US financial regulation, Oasis Pro participated in FINRA’s Crypto Working Group since 2020 as a broker-dealer and ATS registered entity.
While several exchanges like Kraken and Robinhood offer tokenized securities access mainly to non-US residents, Ondo hopes to leverage this acquisition to extend such opportunities to US investors.
Ondo Deepens RWA Tokenization Strategy
Ondo appears strategically deepening its position in RWA tokenization, complementing the recent launch of an $250 million joint fund with Pantera Capital. The aim is reportedly to invest in viable RWA projects and maintain technological advancement amidst industry competition.
This investment cements Ondo’s position in the tokenization ‘arms race’ across the market landscape.
Tokization’s appeal extends beyond crypto-native strategies, attracting traditional finance powerhouses like BlackRock and Franklin Templeton. Cumulative value locked in tokenized RWAs is reportedly approaching $25 billion.
Often cited are Private credit and US Treasury debt as the prominent asset classes within RWA tokenization.
The current administration’s ongoing consideration of crypto-friendly regulatory adjustments may influence expansion pace. Equally significant is the evolving SEC policy outlook discussed in recent regulatory circles.
