One of the leading platforms for real-world tokenized assets, Ondo Finance has completed the takeover process of Oasis Pro. The firm announced the acquisition deal on Monday through an official blog post.Â
As announced, the development will give Ondo Finance full control over Oasis Pro’s array of innovative offerings, which include SEC-registered digital assets broker-dealer, alternative trading system (ATS), and transfer agent (TA) licenses.
In the statement, the firm discussed how the deal comes with the most comprehensive set of SEC regulatory approvals to launch digital asset services in the United States. However, Ondo Finance stated that it will leverage the opportunity to develop regulated markets for tokenized securities.
By that, the company empowers US investors to venture into blockchain-powered investment products. Furthermore, the company added that the robust backing of Oasis Pro from key US regulators will enable it to launch an engine for tokenization of real-world assets (RWAs). Also, it will aid Ondo Finance to set up a primary offering marketplace, and a multi-assets trading system for public and private tokenized shares.
How the acquisition presents Ondo Finance with a pathway for expansion
Another key benefit of the Oasis Pro takeover as per the announcement is how it will create a pathway for Ondo Finance to attain key regulatory approval to carry out some secondary market activities for various assets. These assets include traditional NMS securities, tokenized or traditional OTC equities, corporate debt, closed-end mutual funds, REITs, and many others.
Additionally, the takeover deal is a crucial leap in Ondo Finance’s roadmap as the company currently holds up to $1.6 billion assets under management through its league of tokenized products. More so, the acquisition enables the firm to expand and swiftly establish itself as a leader in the tokenized assets market.
Currently, the real-world tokenized asset is another niche in the blockchain space that has attracted significant market attention, most especially from traditional investors. For publicly-traded companies, the innovation presents more liquidity as it helps attract more investors.
Nathan Allman, CEO and Founder of Ondo Finance emphasized how Oasis Pro’s acquisition provides the organization with the most complete set of licenses and infrastructure to design a regulatory-compliant securities market in the US. Allman opined that the initiative offers a strong commitment to building a transparent, accessible, and compliant financial system onchain.
Pat LaVecchia, CEO of Oasis Pro mentioned how Ondo is defining the future of real-world assets tokenization and has positioned itself as a leader in the advancement of finance.
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