Ondo Finance Acquires Oasis Pro to Expand Tokenized Securities in US

Ondo Finance, a decentralized finance (DeFi) protocol, has completed the acquisition of Oasis Pro, an infrastructure provider for real-world assets (RWAs). This strategic move is aimed at strengthening Ondo Finance's tokenized security offerings in the United States. Oasis Pro, which is registered with the US Securities and Exchange Commission (SEC) as a broker-dealer, Alternative Trading System (ATS), and Transfer Agent (TA), provides Ondo Finance with a crucial entry point into the regulated tokenized securities market.

Ondo Finance has not disclosed the financial details of the acquisition but has confirmed that Oasis Pro's CEO, Pat LaVecchia, will join Ondo as part of the deal. Oasis Pro has been a member of the Financial Industry Regulatory Authority (FINRA) since 2020 and has actively participated in the self-regulatory organization’s Crypto Working Group. This acquisition positions Ondo Finance to expand its tokenized securities offerings to US investors, a market that has seen early efforts focused on tokenized US stocks and exchange-traded funds (ETFs) for non-US residents.

The acquisition of Oasis Pro comes on the heels of Ondo Finance launching the Ondo Catalyst fund, a joint venture with Pantera Capital aimed at investing $250 million in RWA projects. Ondo's Chief Strategy Officer, Ian De Bode, highlighted that this investment is part of the company’s strategy to stay competitive in the rapidly evolving tokenization market. Major industry players such as BlackRock, Franklin Templeton, Multibank, and Libre are already active in this space, contributing to the rapid growth of tokenized RWAs, which now approach $25 billion in cumulative value. Private credit and US Treasury debt are the largest categories within this growing market.

This strategic move by Ondo Finance aligns with the broader industry trend of increasing adoption of tokenization and the regulatory environment's growing acceptance of crypto-friendly policies. The acquisition of Oasis Pro is a significant step for Ondo Finance, enabling the company to offer tokenized securities in a compliant manner and potentially revolutionizing the way stocks are traded and managed. This move positions Ondo Finance as a leader in the tokenized securities space, with the potential to make tokenized stocks a mainstream financial instrument in the near future.