Ondo Finance declares war on Robinhood with ambitions for tokenized stocks
Ondo Finance, a DeFi platform on Ethereum, has just announced the acquisition of Oasis Pro, a licensed digital asset infrastructure company for brokerage, trading, and transfer by the SEC in the U.S. This deal allows #ONDO to provide tokenized stocks directly to U.S. investors, directly competing with Robinhood.
CEO Nathan Allman stated that this move will help Ondo build a tokenized financial system that strictly complies with U.S. laws while remaining open and accessible. Previously, Ondo launched Global Markets, a platform that allows non-U.S. investors to purchase stocks, bonds, and ETFs in token form.
The market for tokenized real assets is currently valued at $24.79 billion, with on-chain stocks reaching nearly $426 million. It is forecasted that the scale of this sector will exceed $13 trillion by 2030.
The acquisition of Oasis Pro also helps Ondo assert its position as major names like Robinhood, Kraken, and Solana DEX Jupiter are expanding their tokenized stock offerings. Ondo emphasizes that the difference lies in a permissionless model, not “trapping” users in the app like Robinhood.
In addition, Ondo has also partnered with Pantera to establish a $250 million fund to promote tokenization projects for real assets.
Tokenization of real assets: a new trend, a big game — and Ondo does not hide its ambition to lead!