Ondo Finance acquires SEC-registered broker-dealer, eyes tokenized securities

Ondo has acquired Oasis Pro, a FINRA member and SEC-registered broker-dealer.

DeFi protocol Ondo Finance has completed the acquisition of Oasis Pro, an infrastructure provider for real-world assets (RWAs), in a move the company said would strengthen its tokenized security offerings in the United States. 

Oasis Pro is a broker-dealer, Alternative Trading System (ATS) and Transfer Agent (TA) registered with the US Securities and Exchange Commission (SEC). The acquisition gives Ondo Finance a key foothold in the regulated tokenized securities market, the company said in a statement on Friday.

Ondo Finance declined to disclose the financial terms of the deal but confirmed that Oasis Pro CEO Pat LaVecchia will join Ondo as part of the acquisition.

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