Ondo Finance, a leading real-world asset (RWA) tokenization platform managing over $1.6 billion in assets, finalized its acquisition of Oasis Pro, a U.S.-based SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent (TA).
This move provides Ondo with a comprehensive suite of U.S. regulatory licenses to expand its tokenized securities offerings, bridging traditional capital markets with blockchain infrastructure. The deal was initially announced on July 4, 2025, with completion confirmed last week. Financial terms were not disclosed.
Oasis Founded in 2019 and backed by investors like Mirae Asset Ventures, Oasis Pro specializes in the issuance, transfer, and secondary trading of tokenized RWAs, including equities, corporate debt, and structured products. It was one of the first U.S. firms authorized for digital securities settlement in both fiat and stablecoins.
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Ondo enables regulated tokenized equity trading and 24/7 on-chain access to over 100 U.S. stocks and ETFs, initially launched on Ethereum for non-U.S. investors in regions like Asia, Europe, Africa, and Latin America.
Strengthens Ondo’s existing products, such as tokenized U.S. Treasurys (OUSG) and yield-bearing USDY tokens. Positions Ondo ahead of competitors like Robinhood, Kraken, Coinbase, and Gemini in the growing RWA tokenization space, where over $12 billion is currently locked in protocols.
Pat LaVecchia, CEO of Oasis Pro, has joined Ondo Finance to lead the combined operations. Nathan Allman, CEO of Ondo Finance: “This acquisition unlocks the next major chapter of tokenized finance… We now have the most comprehensive suite of licenses and infrastructure necessary to develop compliant and regulated tokenized securities markets in the U.S.”
Pat LaVecchia, Former CEO of Oasis Pro: “This acquisition combines our brokerage platform and licenses with Ondo’s existing institutional-grade infrastructure and products, [creating] a comprehensive foundation for a regulated tokenized securities ecosystem.”
The acquisition aligns with surging interest in tokenized assets. A joint Ripple-Boston Consulting Group report projects the market could exceed $18 trillion by 2033, driven by benefits like faster settlements, programmable ownership, and global access.
Ondo recently launched the Ondo Catalyst fund with Pantera Capital, committing $250 million to RWA projects, further signaling its aggressive expansion.This development underscores Ondo’s commitment to compliant, on-chain finance, potentially accelerating mainstream adoption of tokenized securities in the U.S.
The acquisition enables Ondo to expand its tokenized U.S. stock and ETF offerings to non-U.S. investors in regions like Asia, Europe, Africa, and Latin America. This positions Ondo as a global leader in providing 24/7 on-chain access to traditional financial assets.
With over $1.6 billion in assets under management and now a full suite of regulatory licenses, Ondo is positioned ahead of competitors like Robinhood, Kraken, Coinbase, and Gemini in the tokenized RWA market. This acquisition strengthens its ability to capture a significant share of the projected $18 trillion tokenized asset market by 2033.
Combining Oasis Pro’s brokerage and trading capabilities with Ondo’s existing blockchain infrastructure such as tokenized Treasurys like OUSG and USDY creates a robust, end-to-end platform for issuing, trading, and settling tokenized securities.
Ondo can now offer tokenized versions of over 100 U.S. stocks and ETFs, enabling fractional ownership, faster settlements, and programmable features on blockchain. This appeals to both retail and institutional investors seeking efficient, accessible investment options.
Oasis Pro’s ability to settle transactions in stablecoins alongside fiat enhances Ondo’s flexibility, catering to crypto-native and traditional investors alike. The acquisition opens opportunities for Ondo to generate fees from trading, custody, and transfer services for tokenized securities, diversifying its revenue beyond existing products.
By integrating regulated financial infrastructure with blockchain technology, Ondo is well-positioned to bridge traditional finance (TradFi) and decentralized finance (DeFi). This could attract institutional players hesitant to engage with unregulated crypto platforms.
The acquisition signals to investors and regulators that tokenized RWAs are maturing as a legitimate asset class, potentially encouraging broader participation from banks, asset managers, and retail platforms.
The acquisition complements Ondo’s $250 million RWA-focused fund with Pantera Capital, enabling faster deployment of capital into tokenized projects and reinforcing Ondo’s role as a catalyst for RWA innovation.
Ondo’s strengthened position may pressure other crypto and fintech platforms to pursue similar acquisitions or partnerships to secure regulatory licenses and compete in the tokenized RWA space.
The successful integration of a regulated broker-dealer into a blockchain-native platform could serve as a model for other firms, potentially influencing U.S. regulators to clarify or expand rules around tokenized assets.
As Ondo scales its offerings, it could drive increased liquidity and adoption in the $12 billion+ tokenized RWA market per DeFiLlama, spurring innovation in areas like programmable securities, cross-border trading, and DeFi integrations.
Merging Oasis Pro’s operations with Ondo’s blockchain infrastructure may present technical and operational challenges, requiring significant investment in systems and personnel. The crypto and RWA markets remain volatile, and any downturn could affect investor confidence in tokenized assets, impacting Ondo’s growth.
Ondo Finance’s acquisition of Oasis Pro positions it as a frontrunner in the tokenized RWA market, with enhanced regulatory capabilities, expanded product offerings, and a stronger bridge between TradFi and DeFi. The move could accelerate the adoption of tokenized securities, reshape competitive dynamics, and set a precedent for regulated blockchain finance.