“The Deal, PENDING REGULATORY APROVAL, Wuld Give Ondo Licenses to Operate A Broker-Dealer, ATS and Transfer Agent for Digital Securities in The Us”, – WRITE: www.coindesk.com
SAID IT AGREED TO BUY OASIS PRO, A REGULATED BROKERAGE PLATFORM, LAYING The GROUNDWORK for ROLING OUT TOCENized Stocks in the Coming MONTS.
The Acquisition, Whose Price Was Not Disclosed, Wound Give Ondo a Bundle of Us Securities Licenses: A Broker-Dealer, Alternative Trading System (Ats) Commission, A Company Statement Said.
Tokenization FIRMS have increasizingly sounga regulated entities to enter the US Market as Interest in Blockchain-Basted Securities Soars. Tokenization to bring Traditional Financial Instruments Such As Bonds, Stocks and Funds On -chain, Promic Faster and 24/7 Settlements, Broader Investor Access And Programable. Reports from Ripple, BCG, McKinsey, and Standard Charted Have Projected That Tokenized Assets Could Scale Into The Trillions of Dollars Over the Next Decade.
This Year, UK-Based Archax Acquired Finra-Regulated Broker-Dealer Globacap Private Markets to Expand Into The Us and Prometheum Also Annunced A Broker-Dealer ACQUISISIA ACQUISISI
“This Acquisition Combines Our Brokerage Platform and Licenses with Ondo’s Existence Institutional-Grade Infrastructure and Products, A CompctorehenSivets. Said Oasis Pro Ceo Pat Lavecchia, Who Is Set to Join Ondo Whos The Acquisition Closes.
Oasis Pro, Founded in 2019 by, Was One of the FIRST US 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-UsStors Via ITS Global Markets. Exchanges Including Robinhood, Gemini, Kraken, and Bybit Have Introduced Simille Offerings Recently.
The Deal Is PENDING REGULATORY APPROVAL.
Read More: Ondo, Pantera Capital to Invest $ 250m in Real-World Asset Projects
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