Key Takeaways:
Ondo Finance's SEC-registered broker-dealer subsidiary secured FINRA authorization to bring tokenized equities and ETFs to hundreds of millions of American retail and institutional investors under full regulatory oversight.
Ondo Finance on July 23 announced that Oasis Pro Markets, its SEC-registered broker-dealer, received FINRA authorizations to offer tokenized corporate equities and funds to U.S. financial institutions and retail investors. The approvals cover OTC retailing, underwritten primary offerings, private placements and secondary trading of tokenized securities under SEC and FINRA oversight.
"The authorizations further enable Oasis Pro Markets to operate a compliant platform for U.S. issuers to conduct primary offerings of, and for U.S. institutional and retail investors to engage in secondary trading of, these tokenized securities," Ondo Finance said in a statement.
Under the framework, Oasis Pro Markets can offer U.S. investors access to NMS equities — stocks listed on major national exchanges — along with fund interests including ETFs, mutual funds and index funds, plus securities issued through IPOs. Settlement can occur in fiat currency or supported stablecoins, including directly between blockchain-based wallets. The approvals also support omnibus account structures, letting institutional investors, registered investment advisers and retirement accounts access tokenized securities through their existing brokers without switching platforms.
The FINRA clearance closes a regulatory gap that had kept Ondo's strongest traction outside the U.S. The firm secured EU approvals, expanded across multiple chains and added BlackRock's IBIT and Galaxy Digital offerings to its suite, but the U.S. market remained largely out of reach. Ondo now leads the real-world asset tokenization space with more than $20 billion in cumulative volume and over $1 billion in total value locked, according to company data.
What the Authorization Unlocks
The approvals build on Ondo's acquisition of Oasis Pro in October 2025, which brought an SEC-registered broker-dealer, an SEC-registered alternative trading system and an SEC-registered transfer agent under one roof. Oasis Pro TA, the transfer agent arm, provides on-chain capitalization table management, shareholder rights and cross-asset collateral mobility.
In early July, Ondo unveiled its tokenized-stock model with real securities already attached: BlackRock's iShares Core S&P 500 ETF and shares of chipmaker Micron were among the first securities issued, with Oasis Pro serving as transfer agent and Wall Street back-office firm Broadridge handling proxy voting and shareholder communications. The SEC closed its probe into Ondo with no charges, a clearance that signaled confidence in the compliance model.
Market Context and Forward Outlook
The ONDO token traded at $0.40 as of July 23, down 3.14 percent in the past 24 hours despite a 2.35 percent gain over the past seven days, CoinGecko data shows. The token's 24-hour trading volume stood at roughly $126.4 million, with a market capitalization of approximately $1.95 billion on a circulating supply of 4.9 billion ONDO.
The regulatory path now opens the door for Ondo to bring 24/7 trading, near-instant settlement and fractional ownership to a U.S. investor base that previously could not access tokenized securities through regulated channels. SBI Group recently tapped Ondo for tokenization expansion, and Ondo's tokenized STRC stock launch in May 2026 added further momentum. Each regulatory milestone has reinforced the same thesis: Ondo is building the infrastructure layer for Wall Street to move onchain, with the next test being how quickly U.S. broker-dealers and registered investment advisers integrate the omnibus account structure into their existing platforms.
This article is for informational purposes only and does not constitute investment advice.
