Ondo Finance Secures SEC Licenses
Ondo Finance continues its rapid expansion in the tokenized securities market. Following a $250 million real-world asset (RWA) initiative with Pantera Capital, the firm has acquired Oasis Pro Markets. This acquisition brings key US regulatory licenses in-house, significantly accelerating its growth.
Key Acquisition Details
The acquisition of Oasis Pro Markets grants Ondo Finance access to:
- An SEC-registered broker-dealer
- An Alternative Trading System (ATS)
- Transfer Agent status
These licenses allow Ondo Finance to legally offer tokenized securities to US investors, strengthening its position as a leader in the space. CEO Nathan Allman stated that this acquisition "unlocks the next major chapter of tokenized finance."
Market Impact and Price Analysis
While the acquisition represents a significant strategic win for Ondo Finance, its token (ONDO) has shown limited price movement. Open Interest on ONDO futures remains steady at $122 million, suggesting a lack of major speculative inflows. However, funding rates have turned slightly positive (0.0055), indicating some bullish sentiment among traders.
Despite the relatively flat price, data shows growth in the underlying tokenized asset market. Tokenized asset value across USDY and OUSG is nearing $1.5 billion, suggesting increasing adoption despite a lack of immediate speculative price action. This divergence between on-chain activity and market price is sometimes a precursor to significant price increases in fundamentally strong projects.
Traders Await Confirmation
The lack of significant price movement following recent announcements might suggest that traders are adopting a wait-and-see approach, seeking stronger confirmation or increased trading volume before making substantial investments. At press time, ONDO traded around $0.78, with low volatility and a neutral RSI of approximately 49.
Codeum's Blockchain Expertise
At Codeum, we provide comprehensive blockchain security and development services. Our expertise includes smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultations, and partnerships with launchpads and crypto agencies. We are committed to helping projects like Ondo Finance navigate the complexities of building secure and compliant blockchain solutions.