The DEFI Finance protocol completed the acquisition of Oasis Pro, an infrastructure provider for active world (RWAS), in a move, according to which the company would strengthen its tokenized security offers in the United States.
Oasis Pro is a broker, an alternative negotiation system (ATS) and a transfer agent (TA) registered with the Securities and Exchange Commission (SEC) of the United States. The acquisition gives Ondo Finance a key foot on the regulated securities market, the company announced on Friday in a press release.
Ondo Finance refused to disclose the financial terms of the agreement, but confirmed that the CEO of Oasis Pro Pat Lavecchia will join the Ondo as part of the acquisition.
Oasis Pro has been a member of the Financial Industry Regulatory Authority (FINRA) since 2020 and has sat the Crypto working group of the self -regulation organization.
Tokenized titles are an emerging objective within the cryptographic industry, with the first efforts aimed largely to offer tokenized American shares and negotiated funds on the stock market (ETF) to investors outside the United States.
As Cointelegraph recently reported, Kraken and Robinhood offer token titles to non -American residents.
By acquiring Oasis Pro, Ondo Finance also aims to extend these offers to American investors, the company said.
In relation: ChainLink, Jpmorgan, Ondo Finance Complete Crosschain Treasury Settlement
Ondo’s Rwa tokenization “Army Race”
The acquisition of Oasis Pro was announced shortly after the launch of Ondo Finance The Ondo Catalyst, a joint venture with Pantera Capital aimed at investing $ 250 million in RWA projects.
Ondo’s strategy director Ian de Bode said the investment was part of the company’s efforts to stay ahead of the “arms race” of tokenization through the market.
The tokenization is gaining ground among the main players in the industry such as Blackrock, Franklin Templeton, Multibank and Libre, which are already active on the market.
Together, these companies and others have fueled the rapid growth of Rwas tokenized, onchain’s financial assets now approaching $ 25 billion in cumulative value.
The adoption of the industry occurs in locking with an eagerness among regulators to adopt cryptographic user -friendly policies in an administration of the second term of US President Donald Trump.
It was one of the main points to remember from a recent interview with CNBC with the president of the SEC, Paul Atkins, who qualified the tokenization of “innovation” and promised to end the “regulations of the agency”, referring to the policies of the dry under former president Gary Gensler.
In relation: Private credit power market to $ 24 billion tokenization, Ethereum still dominates – Redstone
