Ondo's Oasis Pro Markets Cleared to Offer Tokenized Stocks in US

Ondo Finance said its broker-dealer subsidiary, Oasis Pro Markets, secured regulatory authorization to offer tokenized equities and funds to U.S. investors under SEC and FINRA oversight, according to a post from the company's official X account on Thursday.

Ondo described Oasis Pro Markets as an SEC-registered broker-dealer, and said the approval lets it offer compliant U.S. access to tokenized publicly traded equities, including in IPOs, fund interests such as ETFs, and mutual and index funds. The company said access would run through OTC retailing, underwritten primary offerings, private placements and other activities.

The clearance extends Ondo's tokenization business, which had previously focused U.S. offerings on Treasuries products while selling tokenized stocks outside the country. The company said Oasis Pro Markets can support omnibus account structures through existing broker-dealer and advisory channels, which it said would let institutional investors, registered investment advisors, and retirement accounts access tokenized securities through their current brokers.

Ondo said its Ondo Stocks unit had recorded over $20 billion in cumulative volume and more than $1 billion in tokenized stocks total value locked, and characterized it as the largest tokenized securities platform, exceeding all other platforms combined. The company did not publish an independent basis for that ranking in the post, and the figures are its own.

The ONDO token traded at about $0.40, down 3.73% over 24 hours, with a circulating market capitalization near $1.95 billion. Bitcoin was down 1.59% over the same window at about $64,911.

Ondo did not detail a launch date for the U.S. offerings, saying only that the products would be available to American investors and institutions following the approvals.