Ondo Clears FINRA Hurdle for US Tokenized Securities Services

Ondo Finance has secured crucial regulatory approvals from FINRA to offer tokenized securities services in the US. The company's SEC-registered broker-dealer subsidiary, Oasis Pro Markets, received authorizations for over-the-counter retail transactions, underwritten primary offerings, private placements, and other securities activities.

The approved framework allows Oasis Pro Markets to operate a venue where US issuers can conduct primary offerings and eligible retail and institutional investors trade the resulting assets in secondary markets. Settlements can be made in fiat currencies or selected stablecoins, including transfers between blockchain wallets.

Oasis Pro Markets may also use omnibus account structures, enabling broker-dealers and registered investment advisers to connect their existing systems. This could give institutional clients, retail investors, and retirement accounts access through their current financial providers.