Ondo clears FINRA hurdle as ONDO price tests resistance near $0.42
Ondo Finance has secured FINRA authorizations covering tokenized NMS stocks, exchange-traded funds, mutual funds, index funds and IPO securities for U.S. investors. SummaryOasis Pro secured FINRA permissions for tokenized stocks, funds and IPO securities in the U.S.The framework supports stablecoin settlement and access through brokers, advisers and retirement accounts.ONDO faces resistance near $0.42 while holding above all four major moving averages. Ondo Finance announced on July 23 that its SEC-registered broker-dealer subsidiary, Oasis Pro Markets, had received the permissions needed to launch regulated tokenized securities services under SEC and FINRA oversight. Ondo Finances SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has secured regulatory authorization to offer tokenized equities and funds to U.S. investors under SEC and FINRA oversight. According to the company, the authorizations cover over-the-counter retail transactions, underwritten primary offerings, private placements and other securities activities. Oasis Pro Markets can also operate a venue where U.S. issuers conduct primary offerings and eligible retail and institutional investors trade the resulting assets in secondary markets. The approved framework supports settlement in fiat currencies or selected stablecoins, including transfers made directly between blockchain wallets, Ondo said. Supported products include National Market System equities, ETFs, mutual funds, index funds and securities issued through initial public offerings. You might also like: Cathie