Ondo Finance is a big believer in the future of real world asset tokenization. And now, they’re acquiring a registered broker-dealer.
What’s happening:
- Ondo Finance has acquired broker-dealer company Oasis Pro
Why it matters:
- Oasis Pro is regulated by the United States Securities and Exchange Commission and fully compliant with American securities laws
Going deeper:
- Oasis Pro runs an Alternative Trading System that allows them to tokenize assets such as stocks, bonds and real estate and sell them to accredited or institutional investors on the blockchain
- Oasis Pro is also a fully licensed transfer agent in the United States of America and can issue securities for publicly listed companies, private funds and real estate sponsors
- Tokenizing stocks has also become an emerging theme in the public markets, with Robinhood (NASDAQ: HOOD) just launching tokenized stocks in the European Union for the first time ever
The intrigue:
- Ondo Finance has been making a flurry of moves focused on real world asset tokenization lately, including just recently launching a new $250M joint venture with Pantera Capital to invest into early stage tokenization startups and protocols
