This Altcoin May Have Caught the SEC Off Guard: They Announced a Major Deal, and the Price Reacted

Ondo Finance (ONDO) announced the acquisition of digital asset brokerage Oasis Pro.

Through this acquisition, the company obtained all of the approved broker, alternative trading system (ATS) and transfer agent (TA) licenses from the U.S. Securities and Exchange Commission (SEC).

Following the development, the ONDO price increased by 3%.

Daily chart showing the rise in ONDO price.

This move gives Ondo Finance the most comprehensive SEC-registered entity for digital asset services in the US, providing the legal infrastructure necessary to establish a compliant tokenized securities market.

“With this acquisition completed, Ondo is laying the foundation for a new era of blockchain-based financial products for US investors,” Ondo Finance said in a statement.

According to the official statement, the powers gained by Ondo Finance with the acquisition are as follows:

• Infrastructure for tokenization of real-world assets (RWA)
• Digital asset transfer and capital management solutions
• Primary market issuance platform
• Multi-asset secondary trading system for tokenized and traditional securities
• Secondary market activity permit for NMS securities, OTC shares and corporate debt securities
• Coverage in closed-end mutual funds, REITs, structured products, MBS, ABS and private securities
• Licenses for IPOs, private placements, brokerage and M&A advisory

*This is not investment advice.

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