Ondo Finance has finalized its acquisition of Oasis Pro, a U.S.-based broker-dealer licensed by the U.S. Securities and Exchange Commission (SEC). The move is part of Ondo’s strategy to bolster its tokenized securities business as the firm seeks to expand its market presence.
“We now have the most comprehensive suite of licenses and infrastructure necessary to develop compliant and regulated tokenized securities markets in the U.S.,” said Nathan Allman, founder and CEO of Ondo Finance, in a statement issued Monday.
Ondo, which manages over $1.6 billion in assets, has been expanding its offerings with initiatives like the launch of 24/7 on‑chain access to more than 100 U.S. stocks and ETFs, including those listed on Ethereum. This service is available to users across Asia, Europe, Africa, and Latin America.
Oasis Pro, established in 2019, operates an SEC‑registered broker‑dealer as well as an Alternative Trading System (ATS) and Transfer Agent (TA). The firm was among the first to receive approval to list and settle digital securities, with support for payments in both fiat currencies and stablecoins like Circle’s USDC and Sky’s DAI.
With the addition of Oasis Pro’s licenses, Ondo now has the regulatory framework to offer tokenized equity trading, a key service that could be a game‑changer in the evolving world of digital finance. The firm currently offers tokenized Treasuries (OUSG) and yield‑bearing USDY tokens to investors outside the U.S.
As the race to bring traditional assets onto the blockchain accelerates, tokenization firms have been snapping up regulated entities to fast‑track their entry into the U.S. market. The model promises around‑the‑clock trading, quicker settlement, programmable ownership, and broader investor access.
The licenses will bolster Ondo’s existing tokenization platform, which manages over $1.4 billion in assets and caters largely to non‑U.S. investors. Its products include tokenized Treasurys (OUSG) and yield‑bearing tokens like USDY. The company also recently enabled OUSG minting and redemption on the XRP Ledger and is planning to launch tokenized U.S. equities for overseas clients through its Global Markets platform.
A growing number of crypto platforms — including Robinhood, Gemini, Kraken, and Bybit — are moving into tokenized asset offerings amid broader interest in real‑world assets on blockchain rails. According to DefiLlama, more than $12 billion is currently locked in such protocols. Ripple and BCG projected the tokenized assets market could reach $18 trillion by 2033.
Earlier this year, U.K.-based Archax bought FINRA‑regulated Globacap to expand into the U.S., and Prometheum announced plans to launch a broker‑dealer and transfer agent service focused on tokenized securities.
In the regulatory space, Nasdaq recently filed a rule change with the SEC, proposing that tokenized shares must provide the same rights and privileges as their underlying securities to qualify for unified trading and execution priority.