Ondo Finance Don Secure SEC License Dem for Oasis Pro Acquisition
Ondo Finance don finish take over Oasis Pro, wey be SEC-registered broker-dealer, alternative trading system (ATS) and transfer agent. Dem announce am for July, the deal don secure full regulatory permission for tokenize securities and real-world asset (RWA) tokenization. With these SEC license dem, Ondo Finance fit start regulated primary and secondary markets for tokenized securities and digital assets. Dem include tokenized Treasury bills, corporate debt, real estate assets and private equity stakes. The platform fit also do underwriting and private placements. Oasis Pro, wey start for 2019 as FINRA member, na one of the first wey settle digital securities with fiat and stablecoins. Ondo Finance dey manage over $1.6 billion assets. E don dey offer tokenized US stocks and ETFs 24/7 for Ethereum to non-US investors, plus products like OUSG treasuries and yield-bearing USDY tokens. Competitors like Robinhood and Coinbase dey explore tokenized equities. Industry analysts talk say tokenized asset market fit reach $18 trillion by 2033. After the acquisition, ONDO token dey trade around $0.97, up 6.4% in 24 hours.
Bullish
The acquisition of Oasis Pro and the resulting SEC licenses don boost Ondo Finance regulatory credibility well well and their ability to launch tokenized securities markets wey comply with regulations. This one open new primary and secondary market channels for digital assets, wey dey boost institutional adoption. Early trading data show say ONDO token jump 6.4% on top the news, wey show say traders get positive sentiment. For long term, access to underwriting, private placements and RWA tokenization under clear SEC oversight put Ondo Finance gidigba to take part for the projected $18 trillion tokenized asset market. All these things together dey support better chance for ONDO token price to go up.