Ondo Finance has increased its merger and acquisition activity with the acquisition of blockchain development firm Strangelove, following its earlier purchase of Oasis Pro. This strategic move aligns with the upcoming launch of Ondo's tokenization platform, aimed at settling regulated financial assets on blockchain technology. CEO Nathan Allman emphasized the evolution of financial assets on blockchain as a significant future trend. The new platform, called Ondo Global Markets, plans to initially offer over 100 stocks and ETFs, expanding across Ethereum, BNB Chain, and Solana. Strangelove's focus on blockchain protocols will contribute to transforming Ondo's platform from a centralized approach to a distributed network, facilitating tokenized operations for institutions. Other firms like Apollo Global Management are also venturing into asset tokenization. Additionally, Nasdaq-listed BSGM has indicated plans for acquiring a licensed broker-dealer to provide gold-backed tokenized assets for US investors. This intensifying interest reflects the competitive landscape among crypto-native and traditional financial institutions as they pursue US digital asset licenses.

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