- Ripple and Ondo Finance acquire U.S. broker-dealer licenses.
- Ondo’s acquisition supports regulated financial assets.
- Ripple’s focus on XRP accelerates RWA shift.
Ripple and Ondo Finance have made significant acquisitions in April 2025, targeting U.S. broker-dealer licenses as they enter regulated markets.
Ripple’s acquisition of Hidden Road and Ondo Finance’s purchase of Oasis Pro mark a pivotal point in RWA markets, driving compliance with U.S. regulations.
Ripple acquired Hidden Road for $1.25 billion, gaining a FINRA-issued U.S. broker-dealer license. This acquisition is Ripple’s largest, aligning with their strategic focus on regulated RWA markets. Ondo Finance has agreed to acquire Oasis Pro, which provides essential U.S. securities licenses for their tokenization platform. Additionally, the purchase of Strangelove enhances Ondo’s blockchain infrastructure capabilities.
Both companies aim to leverage RWA tokenization technology, potentially impacting the XRP and Ethereum ecosystems. Ripple plans to bolster XRP Ledger’s utility for institutional RWA use cases, while Ondo Finance seeks to expand its tokenization platforms. Ripple and Ondo’s moves echo previous RWA efforts but accelerate direct U.S. market access for tokenized securities. Securitize and INX are historical precedents supporting these initiatives.
The acquisitions’ regulatory emphasis suggests a strategic race to U.S. securities law compliance, facilitating broadened market participation and institutional confidence in digital securities.
Nathan Allman, CEO of Ondo Finance, commented, “Saying the vast majority of regulated financial assets will ultimately settle on blockchain rails is ‘not a crazy prediction’ anymore.”
This momentum aligns with a historical and strategic emphasis on adaptability within evolving RWA markets.
