A real asset tokenization platform has acquired a broker registered with the US Securities and Exchange Commission (SEC).
In a new thread on the social media platform X, decentralized finance (DEFI) and the Ondo Finance tokenization project (ONDO) indicate that it has acquired the Oasis Pro broker as a means of providing tokenized titles regulated to blockchains.
“The 250th anniversary of America, we are proud to announce that we are crossing the next step in our mission to bring the Onchain financial markets. Ondo acquires Oasis Pro – including its broker recorded by the SEC, an alternative trading system (ATS) and a transfer agent – basic work of ONDO to develop tokenized investors regulated for the securities acosystems for the acosystems of securities.
The tokenization of the real world allows investors to represent the property of physical assets, such as actions or real estate, as a token on a blockchain, which makes them easily interchangeable. According to Ondo, Oasis Pro was one of the first ATS protocols – or mechanisms that transfer funds outside the limits of the traditional financial system – approved by regulators for use in the digital asset industry.
As Nathan Allman, Ondo Director of Ondo, said in a business blog article,
“This unlocks the next major chapter of token finance. This acquisition will allow us to achieve our vision of building a financial and accessible token financial system, supported by the strongest regulatory foundations. ”
Ondo is negotiated at $ 0.774 at the time of writing, a marginal drop in the last 24 hours.
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