Ondo Finance to Buy SEC-Regulated Broker Oasis Pro for U.S. Tokenized Stock Push
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RWA Tokenization News: Ondo to Acquire Regulated Broker for Tokenized Stock Launch
Ondo Finance said it agreed to buy Oasis Pro, a regulated brokerage platform. The acquisition would give Ondo a bundle of U.S. securities licenses. Tokenization aims to bring traditional financial instruments such as bonds, stocks and funds on-chain. Reports from Ripple, BCG, McKinsey, and Standard Chartered have projected that tokenized assets could scale into the trillions of dollars over the next decade. The deal is pending regulatory approval, the company said in a statement.
said it agreed to buy Oasis Pro, a regulated brokerage platform, laying the groundwork for rolling out tokenized stocks in the coming months.
The acquisition, whose price was not disclosed, would give Ondo a bundle of U.S. securities licenses: a broker-dealer, Alternative Trading System (ATS) and transfer agent regulated by the U.S. Securities and Exchange Commission, a company statement said.
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Tokenization firms have increasingly sought regulated entities to enter the U.S. market as interest in blockchain-based securities soars. Tokenization aims to bring traditional financial instruments such as bonds, stocks and funds on-chain, promising faster and 24/7 settlements, broader investor access and programmable transactions. Reports from Ripple, BCG, McKinsey, and Standard Chartered have projected that tokenized assets could scale into the trillions of dollars over the next decade.
This year, U.K.-based Archax acquired FINRA-regulated broker-dealer Globacap Private Markets to expand into the U.S. and Prometheum also announced a broker-dealer acquisition and transfer agent launch.
“This acquisition combines our brokerage platform and licenses with Ondo’s existing institutional-grade infrastructure and products, a comprehensive foundation for a regulated tokenized securities ecosystem,” said Oasis Pro CEO Pat LaVecchia, who is set to join Ondo when the acquisition closes.
Oasis Pro, founded in 2019 by, was one of the first U.S. firms authorized to settle digital securities in both fiat and stablecoins like USDC and DAI. It also contributed to shaping regulatory policy through FINRA’s Crypto Working Group.
Ondo, which already manages over $1.4 billion in tokenized assets, said it plans to roll out tokenized stocks for non-U.S. investors via its Global Markets platform in the coming months. Exchanges including Robinhood, Gemini, Kraken, and Bybit have introduced similar offerings recently.
The deal is pending regulatory approval.
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Ondo Finance Buys Oasis Pro to Expand Tokenized Stock Offering
Ondo Finance is buying Oasis Pro, a move that brings the DeFi protocol under the umbrella of full U.S. securities licensing. The deal will give Ondo access to Oasispro’s SEC-registered broker-dealer, alternative trading system (ATS), and transfer agent. The acquisition price wasn’t disclosed and is still subject to regulatory approval. A growing number of crypto platforms — including Robinhood, Gemini, Kraken, and Bybit — are moving into tokenized asset offerings.
The deal will give Ondo access to Oasis Pro’s SEC-registered broker-dealer, alternative trading system (ATS), and transfer agent. The acquisition price wasn’t disclosed and is still subject to regulatory approval.
“This acquisition combines our brokerage platform and licenses with Ondo’s existing institutional-grade infrastructure and products,” said Oasis Pro CEO Pat LaVecchia, who will join Ondo once the deal is finalized.
“This unlocks the next major chapter of tokenized finance,” added Ondo CEO Nathan Allman.
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.
Oasis Pro, founded in 2019, was among the first firms to receive approval to list and settle digital securities using either fiat or stablecoins like USDC and DAI.
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.