Crypto
Ondo Secures FINRA Authorization for Tokenized Securities Services in the US
Ondo Finance has secured regulatory authorization to offer tokenized securities services in the United States. The company's SEC-registered broker-dealer subsidiary, Oasis Pro Markets, received permission from FINRA to launch regulated tokenized securities services under SEC and FINRA oversight.
The framework supports stablecoin settlement and access through brokers, advisers, and retirement accounts. It covers over-the-counter retail transactions, underwritten primary offerings, private placements, and other securities activities.
Oasis Pro Markets can operate a venue where U.S. issuers conduct primary offerings and eligible retail and institutional investors trade the resulting assets in secondary markets.