Ondo Finance stated it has agreed to amass Oasis Professional, a U.S. brokerage platform that holds Securities and Alternate Fee registrations for broker-dealer, various buying and selling system and transfer-agent providers.
Ondo Finance stated it has agreed to amass Oasis Professional, a U.S. brokerage platform that holds Securities and Alternate Fee registrations for broker-dealer, various buying and selling system and transfer-agent providers. The deal, introduced 4 July, is topic to regulatory approval; monetary phrases weren’t disclosed.
The acquisition would give the New York-based blockchain agency the licenses it wants to supply tokenized U.S. equities on to traders, broadening a product line that already contains about $1.4 billion of tokenized belongings. Ondo stated integrating Oasis Professional’s regulatory infrastructure will let it record, commerce and settle conventional securities on-chain whereas remaining absolutely compliant with U.S. securities guidelines.
The transfer underscores rising competitors amongst fintech and crypto platforms equivalent to Robinhood and Kraken emigrate standard shares to blockchain rails, betting that quicker settlement and programmability will appeal to each retail and institutional traders.
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