RWA-related M&A picks up as companies hunt for US licenses

Key Points

1. Ondo Finance acquired blockchain development company Strangelove, following its earlier purchase of Oasis Pro, to enhance its platform for tokenized asset operations.

2. Ondo Global Markets will initially offer access to 100+ stocks and ETFs on Ethereum, with plans to expand to BNB Chain and Solana.

3. Strangelove's cross-chain modular consensus architecture is expected to support Ondo's platform in tokenized asset operations.

4. Other firms, like Apollo Global Management, are focusing on tokenizing less liquid assets such as private credit.

5. Nasdaq-listed BSGM plans to acquire a FINRA- and SEC-registered broker-dealer to offer gold-backed tokenized assets.