This Altcoin May Have Caught the SEC Off Guard: They Announced a Major Deal, and the Price Reacted

Ondo Finance (ONDO) announced the acquisition of digital asset brokerage Oasis ￰0￱ this acquisition, the company obtained all of the approved broker, alternative trading system (ATS) and transfer agent (TA) licenses from the ￰1￱ and Exchange Commission (SEC). Following the development, the ONDO price increased by 3%. Daily chart showing the rise in ONDO ￰2￱ move gives Ondo Finance the most comprehensive SEC-registered entity for digital asset services in the US, providing the legal infrastructure necessary to establish a compliant tokenized securities market. “With this acquisition completed, Ondo is laying the foundation for a new era of blockchain-based financial products for US investors,” Ondo Finance said in a ￰3￱ News: BREAKING: Coinbase Adds Expected Altcoin to Listing Roadmap According to the official statement, the powers gained by Ondo Finance with the acquisition are as follows: Infrastructure for tokenization of real-world assets (RWA) Digital asset transfer and capital management solutions Primary market issuance platform Multi-asset secondary trading system for tokenized and traditional securities Secondary market activity permit for NMS securities, OTC shares and corporate debt securities Coverage in closed-end mutual funds, REITs, structured products, MBS, ABS and private securities Licenses for IPOs, private placements, brokerage and M&A advisory *This is not investment ￰4￱ Reading: This Altcoin May Have Caught the SEC Off Guard: They Announced a Major Deal, and the Price Reacted