Ondo’s Oasis Pro Markets Wins FINRA Authorization to Offer Tokenized Stocks and ETFs to U.S. Investors

Ondo Finance’s broker-dealer subsidiary, Oasis Pro Markets, has secured FINRA authorization to offer tokenized equities, ETFs, and funds to U.S. investors — a regulatory first that places on-chain stock trading under full SEC and FINRA oversight for both retail and institutional buyers in the United States.

The authorization, reported by StreetInsider, allows Ondo to launch regulated markets and services for tokenized securities through Oasis Pro Markets. The subsidiary now sits under dual SEC and FINRA oversight — making it a regulated venue for on-chain securities in the U.S. That dual registration is the core of the story. Tokenized stocks have existed on offshore venues and in regulatory gray zones for years, but a FINRA-authorized broker-dealer offering them to U.S. retail investors under full federal securities oversight has not existed until now.

Ondo acquired Oasis Pro as part of a deliberate strategy to build what the company itself described as “the most comprehensive set of SEC registrations” for tokenized securities markets in the U.S., according to Ondo’s own 2025 recap blog. That framing comes from Ondo, not an independent regulatory body — but the underlying registrations are verifiable. Oasis Pro Markets operates as a registered broker-dealer, and the FINRA authorizations govern what products it can offer and to whom.

The company has already moved beyond authorization into live product launches. Ondo has rolled out SEC-aligned tokenized versions of BlackRock’s IVV ETF and Micron shares, leveraging Oasis Pro and Broadridge infrastructure, per The Defiant’s coverage. It has also launched the first tokenized stock representations based on DTC — Depository Trust Company — tokenized entitlements to DTC-held securities, according to company LinkedIn posts. The DTC entitlement structure matters because it ties the on-chain token directly to the same custody chain used by traditional equities settlement. That design choice is aimed at eliminating the legal ambiguity that has dogged earlier tokenized stock efforts, where the relationship between the token and the underlying share was contested or unclear.

The U.S. authorization is one piece of a broader expansion. Ondo Global Markets has separately been cleared to offer tokenized stocks and ETFs across 30 European countries, extending regulated on-chain access to U.S. equities internationally. Rather than betting on a single jurisdiction, Ondo is building regulated distribution on both sides of the Atlantic simultaneously.

The tokenized stocks sector itself has grown sharply. The broader market has reached $2.3 billion across major venues, with records being set across every major platform, according to The Defiant’s sector analysis. Competitors are moving too. Kraken’s parent company is making moves to offer xStocks from global markets, and BitGo and OTC Markets are planning tokenized securities access for broker-dealers. The field is crowding fast, and Ondo’s FINRA authorization gives it an early — but not exclusive — position in the U.S. regulated lane.

The regulatory backdrop is shifting in parallel. The CLARITY Act is under active Senate negotiation, and Wall Street institutions are increasingly engaging with digital asset infrastructure. The Street’s reporting frames the Oasis Pro authorization as part of that broader thaw — a moment where U.S. regulators are no longer treating every tokenized securities product as an enforcement target.

The wider crypto market tells a different story right now. As of July 23, 2026, total crypto market cap sits at $2,301.66B, down 1.43% in 24 hours. BBTC$64,222.00▼1.00% trades at $65,104, off 1.2% on the day, with a market cap of $1,305.8B and 56.7% dominance. EETH$1,861.68▼1.30% is at $1,880, down 2.4%. The Fear & Greed Index reads 31/100 — Fear. Spot crypto sentiment and the tokenized equities regulatory track are moving in opposite directions: one contracting, the other opening.

Ondo’s next step is converting authorization into volume. The products are live — IVV, Micron, the DTC entitlement structure — and the U.S. regulatory clearance to distribute them is now in place. What to watch is whether retail and institutional buyers actually use the regulated on-ramp, and whether the FINRA authorization pulls additional broker-dealers into the tokenized securities market or triggers a competitive response from the exchanges that already hold those equities off-chain.