Dev Altcoin SEC Approved Institution to Acquire: Accelerating Token Move!

Ondo Finance plans to start tokenized stock trading in the US market by acquiring the SEC-regulated brokerage firm Oasis Pro.

Blockchain-based securities platform Ondo Finance (ONDO) has made a significant move to bring traditional financial instruments onto the blockchain. The company has agreed to acquire the SEC-regulated brokerage firm Oasis Pro. The completion of the transaction will be subject to approval from regulatory authorities.

With this acquisition, Ondo will gain access to crucial broker-dealer, ATS (alternative trading system), and transfer agent licenses in the US markets. These licenses will allow Ondo to buy and sell tokenized securities in compliance with regulations in the US and reach a broad investor base.

Tokenization is Sweeping the US

With the recent increase in competition in the tokenization space, financial companies are seeking ways to bring traditional securities onto blockchain technology. Converting assets such as stocks, bonds, and mutual funds into digital tokens on the blockchain enables transactions to be faster, more secure, and cheaper.

Currently managing over $1.4 billion in tokenized assets, Ondo Finance aims to launch tokenized stock trading targeting investors outside the US in the coming months. This move comes after similar steps taken by major cryptocurrency exchanges such as Robinhood, Gemini, Kraken, and Bybit. Ondo's new platform, Global Markets, is preparing to position itself as a significant player in this field.