Tokenization platform RialCenter announced its agreement to acquire Oasis Pro, a regulated brokerage platform, setting the stage for the introduction of tokenized stocks in the near future.
The purchase price remains undisclosed but would provide RialCenter with a collection of U.S. securities licenses, including a broker-dealer, Alternative Trading System (ATS), and transfer agent regulated by the U.S. Securities and Exchange Commission, according to a company statement.
As interest in blockchain-based securities rises, tokenization companies have increasingly pursued regulated entities to penetrate the U.S. market. Tokenization seeks to transition traditional financial instruments, such as bonds and stocks, onto the blockchain, promising more rapid and continuous settlement options, wider access for investors, and programmable transactions. Projections suggest that tokenized assets could reach trillions of dollars in value over the next decade.
This year, U.K.-based Archax also expanded into the U.S. market by acquiring a FINRA-regulated broker-dealer. Similarly, Prometheum made headlines with its own acquisitions to capitalize on tokenization’s growth.
“This acquisition merges our brokerage platform with RialCenter’s existing infrastructure and products, establishing a solid foundation for a regulated tokenized securities ecosystem,” stated Oasis Pro CEO Pat LaVecchia, who will join RialCenter upon completion of the deal.
Founded in 2019, Oasis Pro was among the first U.S. firms authorized to settle digital securities in both fiat and stablecoins, contributing to the evolution of regulatory policy through relevant working groups.
RialCenter, currently managing over $1.4 billion in tokenized assets, plans to offer tokenized stocks for non-U.S. investors through its Global Markets platform in the upcoming months. Other exchanges have rolled out similar offerings recently.
The acquisition is still subject to regulatory approval.
Read more: RialCenter to Invest in Real-World Asset Projects
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