An actual-world asset tokenization platform has acquired a broker-dealer registered with the U.S. Securities and Change Fee (SEC).
In a brand new thread on the social media platform X, decentralized finance (DeFi) and tokenization challenge Ondo Finance (ONDO) says it’s acquired the broker-dealer Oasis Professional as a method of bringing regulated tokenized securities to blockchains.
“On the 250th birthday of America, we’re proud to announce we’re taking the subsequent step in our mission to deliver monetary markets onchain. Ondo is buying Oasis Professional – together with its SEC-registered broker-dealer, Various Buying and selling System (ATS), and Switch Agent – laying the groundwork for Ondo to develop a regulated tokenized securities ecosystem for blockchain-based monetary merchandise for US traders.”
Actual-world tokenization allows traders to characterize possession of bodily property, equivalent to shares or actual property, as tokens on a blockchain, making them simply interchangeable. In accordance with Ondo, Oasis Professional was one of many first ATS protocols – or mechanisms that switch funds exterior the confines of the standard monetary system – accepted by regulators to be used within the digital property trade.
As said by Nathan Allman, chief government of Ondo, in an organization blog post,
“This unlocks the subsequent main chapter of tokenized finance. This acquisition will empower us to comprehend our imaginative and prescient of constructing a sturdy and accessible tokenized monetary system, backed by the strongest regulatory foundations.”
ONDO is buying and selling for $0.774 at time of writing, a marginal lower over the past 24 hours.
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