Ondo Finance Secures Full Suite of SEC Licenses With Oasis Pro Deal

Ondo Finance has completed its acquisition of Oasis Pro, giving the firm ownership of a U.S. Securities and Exchange Commission (SEC)-registered broker-dealer, an Alternative Trading System (ATS), and a Transfer Agent (TA) license. The move enables Ondo to operate fully regulated tokenized securities markets in the United States, bridging blockchain-based infrastructure with traditional capital markets.

The acquisition directly supports Ondo’s ability to issue, trade, and manage tokenized securities in a compliant framework, expanding its reach beyond its existing $1.6 billion in assets under management across tokenized products.

The deal also provides Ondo with infrastructure to tokenize real-world assets (RWAs), manage capitalization, and conduct multi-asset trading using fiat or digital currencies such as stablecoins.

Ondo Finance and Oasis Pro Partnership

Founded in 2019, Oasis Pro operates an SEC-registered broker-dealer and ATS, along with a Transfer Agent service. The company has built a track record for regulatory compliance and digital asset innovation, enabling the issuance and settlement of tokenized securities in both fiat and stablecoins, including USDC and DAI.

Oasis Pro has been a FINRA member since 2020 and has actively contributed to the FINRA Crypto Working Group to help shape the evolving regulatory framework for tokenized securities in the U.S.

Through the acquisition, Ondo Finance inherits:

• An engine for tokenizing real-world assets – supporting a broad array of securities including equities, corporate debt, structured products, and REITs.
• A digital asset transfer agent – for capitalization management and record-keeping.
• A primary offering marketplace – for initial issuance of tokenized products.
• A multi-asset secondary trading system – for tokenized and traditional securities, supporting digital currency or fiat.
• Regulatory approval – allowing secondary market activities for public and private securities, including NMS equities, OTC equities, MBS, ABS, and closed-end mutual funds.
• Licenses to support capital markets activities – including private placements, underwriting, and M&A advisory functions.

These capabilities provide Ondo with the tools to operate a regulated, full-stack digital asset platform for U.S. investors.

Regulatory and Compliance Advantages

The deal establishes Ondo as a fully licensed operator of tokenized securities in the U.S., a rare and critical advantage in a rapidly evolving regulatory landscape. With the SEC-registered broker-dealer, ATS, and TA licenses in place, Ondo can manage the lifecycle of tokenized financial products under U.S. regulatory standards.

This includes the ability to:

• List and settle tokenized securities in both fiat and stablecoins.
• Provide compliant secondary trading for retail and institutional investors.
• Execute capital raising initiatives through private placements and public offerings.
• Manage compliance and reporting obligations for regulated securities.

“We now have the most comprehensive suite of licenses and infrastructure necessary to develop regulated tokenized securities markets in the U.S.,” Nathan Allman, CEO and Founder of Ondo Finance, stated. “This acquisition strengthens our ability to build transparent, compliant, and accessible onchain financial markets.”

Oasis Pro’s Infrastructure and Track Record

Oasis Pro brings an institutional-grade digital asset infrastructure to Ondo. Its Alternative Trading System (ATS) and Transfer Agent capabilities have been key enablers for tokenized securities settlement.

Key highlights of Oasis Pro include:

• SEC and FINRA registration – ensuring compliance with U.S. securities laws.
• Stablecoin and fiat settlement – supporting USDC, DAI, and traditional currencies.
• Multi-asset trading capabilities – for public equities, private placements, and structured products.
• Regulatory engagement – active involvement in FINRA’s Crypto Working Group and other policy advisory forums.

“This strategic combination unites an experienced team, infrastructure, and regulatory expertise to build a trusted platform for digital assets,” Pat LaVecchia, CEO of Oasis Pro, commented.

Expanding Ondo’s Tokenized Securities Offering

Before the acquisition, Ondo Finance managed over $1.6 billion in tokenized products, including real-world assets and Treasury instruments. With Oasis Pro integrated, Ondo can now expand offerings to include:

• Tokenized equities accessible to U.S. investors.
• Secondary trading for corporate debt, REITs, and structured products.
• Market-making and risk management tools aligned with regulatory compliance.
• Capital raising and private placements for institutional and accredited investors.

The combined platform enables 24/7 access to tokenized securities, supporting both retail and institutional investors in U.S. and international markets.

Technical Capabilities

The Ondo-Oasis platform supports a range of technical functions essential for tokenized securities:

• Issuance and transfer of tokenized assets – using both blockchain and fiat rails.
• Secondary market trading – compliant with U.S. securities laws and FINRA regulations.
• Transfer agent functionality – tracking ownership and managing corporate actions.
• Settlement in stablecoins or fiat – allowing flexibility for market participants.

These capabilities make Ondo one of the few firms able to operate a regulated digital asset market in the U.S., bridging traditional finance and blockchain infrastructure.

Market Context and Competition

Tokenized securities are projected to grow significantly, with a report by Ripple and Boston Consulting Group forecasting a market exceeding $18 trillion by 2033. Other platforms, including Robinhood, Kraken, Gemini, and Coinbase, are pursuing similar tokenized equity offerings, but few have fully licensed U.S. broker-dealer infrastructure.

Nasdaq has also filed SEC rule changes to ensure tokenized shares carry equivalent rights and privileges to their traditional counterparts, highlighting the need for regulatory-compliant marketplaces. Ondo’s acquisition of Oasis Pro allows it to meet these standards while scaling tokenized securities operations.

Conclusion

Ondo Finance’s acquisition of Oasis Pro provides a comprehensive regulatory and technical foundation for tokenized securities in the U.S. With SEC-registered broker-dealer, ATS, and Transfer Agent licenses, Ondo can issue, manage, and trade tokenized assets under full compliance. 

The combined platform supports both fiat and stablecoin settlement, secondary trading across multiple asset types, and corporate actions management. This makes Ondo as a key participant in the evolving digital securities market, capable of bridging traditional financial markets with blockchain technology.

Resources:

1. Announcement - Ondo Finance Completes Acquisition of Oasis Pro to Accelerate U.S. Tokenized Securities Innovation: https://ondo.finance/blog/ondo-acquires-oasis-pro

2. Approaching the Tokenization Tipping Point - report by Ripple: https://ripple.com/lp/bcg-tokenization-report/

3. Ondo Finance X platform: https://x.com/OndoFinance

4. Ondo Finance finalizes Oasis Pro acquisition to expand US tokenized securities platform - report by Blockworks: https://blockworks.co/news/ondo-finance-finalizes-oasis-pro-acquisition