Ondo Finance (ONDO) has announced the acquisition of digital asset brokerage company Oasis Pro.
With this acquisition, the company received all broker, alternative trading system (ATS), and transfer agent (TA) licenses approved by the U.S. Securities and Exchange Commission (SEC).
Following this development, ONDO prices rose by 3%.
Daily chart showing the rise in ONDO price.
This move makes Ondo Finance the most comprehensive SEC-registered entity for digital asset services in the United States, providing the legal infrastructure necessary to establish a compliant tokenized securities market.
“With the completion of this acquisition, Ondo is laying the foundation for a new era of blockchain-based financial products for U.S. investors,” Ondo Finance said in a statement.
According to the official statement, the acquisition gives Ondo Finance the following powers:
- Infrastructure for the tokenization of real-world assets (RWA)
- Digital asset transfer and capital management solutions
- Primary market publishing platform
- Multi-asset secondary trading system for tokenized and traditional securities
- Permission to engage in secondary market activities for NMS securities, OTC stocks, and corporate bonds
- Covers closed-end investment trusts, REITs, structured products, MBS, ABS, and private securities.
- IPO, private placement, brokerage, M&A advisory licenses
*This is not investment advice.
