Dealer – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 05 Jul 2025 05:02:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Dealer – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 DeFi Real World Assets Tokenizing Platform Ondo Finance Acquires SEC-Regulated Broker Dealer Oasis Pro https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/ https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/#respond Sat, 05 Jul 2025 05:02:00 +0000 https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/

A real-world asset tokenization platform has acquired a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC).

In a new thread on the social media platform X, decentralized finance (DeFi) and tokenization project Ondo Finance (ONDO) says it’s acquired the broker-dealer Oasis Pro as a means of bringing regulated tokenized securities to blockchains.

“On the 250th birthday of America, we are proud to announce we’re taking the next step in our mission to bring financial markets onchain. Ondo is acquiring Oasis Pro – including its SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent – laying the groundwork for Ondo to develop a regulated tokenized securities ecosystem for blockchain-based financial products for US investors.”

Real-world tokenization enables investors to represent ownership of physical assets, such as stocks or real estate, as tokens on a blockchain, making them easily interchangeable. According to Ondo, Oasis Pro was one of the first ATS protocols – or mechanisms that transfer funds outside the confines of the traditional financial system – approved by regulators for use in the digital assets industry.

As stated by Nathan Allman, chief executive of Ondo, in a company blog post,

“This unlocks the next major chapter of tokenized finance. This acquisition will empower us to realize our vision of building a robust and accessible tokenized financial system, backed by the strongest regulatory foundations.”

ONDO is trading for $0.774 at time of writing, a marginal decrease during the last 24 hours.

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]]> https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/feed/ 0 45854 Kraken secures restricted dealer registration in Canada and appoints North American GM to drive the next stage of growth https://earlybirdsinvest.com/kraken-secures-restricted-dealer-registration-in-canada-and-appoints-north-american-gm-to-drive-the-next-stage-of-growth/ https://earlybirdsinvest.com/kraken-secures-restricted-dealer-registration-in-canada-and-appoints-north-american-gm-to-drive-the-next-stage-of-growth/#respond Fri, 04 Apr 2025 20:00:12 +0000 https://earlybirdsinvest.com/kraken-secures-restricted-dealer-registration-in-canada-and-appoints-north-american-gm-to-drive-the-next-stage-of-growth/

We look forward to announce that Kraken has officially acquired a restricted dealer registration in Canada. We are adhering to the enhanced crypto exchange investor protection guidance while reaffirming our commitment to serving Canadian crypto investors.

We also look forward to welcoming Cynthia Delpozo as North America’s new general manager. Cynthia will lead Kraken’s next stage of growth across Canada and strengthen regulatory, political and commercial relations as she continues to expand its presence across North America.

To celebrate this new chapter and reaffirm our commitment to Canada; We currently offer free interaxial deposits to all Canadian clientspromotes efforts to make crypto investments more accessible, affordable and seamless.

Compliance milestone year

This achievement represents the culmination of a rigorous pre-registration business (PRU) process. Meanwhile, Kraken has consistently strengthened its governance, security and compliance protocols to meet the highest industry standards.

As a result, our Canadian clients, under the supervision of the Ontario Securities Commission (OSC), have now benefited from a solid regulatory foundation, ensuring access to some of the most innovative and secure cryptographic products in our local ecosystem.

Introducing the new Canadian GM

He welcomed Cynthia Delpozo to lead the Canadian business. With nearly 15 years of experience in corporate development, operations and fintech consulting, Cynthia is extremely well equipped to lead Kraken’s expansion and involvement across Canada at this pivotal time for the evolution of crypto.

“Canada is at a turning point in crypto adoption, and there are growing numbers of investors and institutions who recognize digital assets as a key part of their financial future. We are excited to join Kraken’s mission at this critical moment, lead our expansion efforts, and continue to serve our clients in the long term with innovative and compliant products,” says Del Pozo.

Kraken’s continued growth in Canada

Over the past two years, Kraken’s Canadian business has grown exponentially, strengthening its long-term commitment to the market and its clients.

  • Doubled both team size and monthly trading users during the PRU process
  • Over $2 billion CAD in combined client assets in detention
  • We expanded support for many popular crypto assets, provided several CAD spot trading pairs, allowing Canadians to trade crypto without paying expensive FX fees.
  • Set yourself up to unlock institutional demand for high quality crypto products and services

Del Pozo continues. “This restricted dealer registration is a testament to Hiber, where Kraken has always set up consumer protection, client services and robust security. We are excited to continue expanding our world-class investment platform and bring innovative products that provide real-world utility to Canadians.”

Canada’s role in the adoption of crypto and the future path

Canada has played a pioneering role in global crypto adoption.

  • A public Bitcoin ATM will be installed in downtown Vancouver
  • Launch Spot Bitcoin and Ethereum ETF in 2021

Crypto adoption is accelerating in Canada, renewing its long-term trust in crypto asset classes.

With clarity in regulations secured, new leaders at the helm and expanding the expansion of innovative crypto products, Kraken is well positioned to shape the future of Canada’s digital finance.

Sign up for today’s account and get started with Kraken.

]]> https://earlybirdsinvest.com/kraken-secures-restricted-dealer-registration-in-canada-and-appoints-north-american-gm-to-drive-the-next-stage-of-growth/feed/ 0 29026 SEC Withdraws Appeal in DeFi Dealer Classification Case https://earlybirdsinvest.com/sec-withdraws-appeal-in-defi-dealer-classification-case/ https://earlybirdsinvest.com/sec-withdraws-appeal-in-defi-dealer-classification-case/#respond Fri, 21 Feb 2025 00:31:39 +0000 https://earlybirdsinvest.com/sec-withdraws-appeal-in-defi-dealer-classification-case/

The U.S. Securities and Exchange Commission (SEC) has willingly withdrawn its appeal of a ruling that blocked its attempt to expand securities laws to cover decentralized finance (DeFi).

This development means the DeFi space might no longer be subjected to securities laws.

A Complete Victory for DeFi

In a February 19 motion filed with the U.S. Court of Appeals for the Fifth Circuit, the SEC stated its intention to “voluntarily dismiss this appeal.” The document also revealed that the move went unopposed.

Last month, the agency had appealed a November ruling by a Texas federal judge that favored crypto trade groups, the Blockchain Association and the Crypto Freedom Alliance of Texas.

The decision had prevented the SEC from implementing a proposed change to the definition of a dealer, which would have required all crypto liquidity providers and automated market makers with more than $50 million in capital to register with the Commission.

Crypto advocacy groups opposed the change, arguing it would impose unenforceable requirements on DeFi protocols. Such platforms often operate without centralized authority, making it difficult to comply with know your customer (KYC) and anti-money laundering (AML) regulations.

Blockchain Association CEO Kristin Smith commented on the development in a February 19 post on X, stating:

“Complete and total victory today in our case against the SEC over the dealer rule. The crypto industry can breathe a sigh of relief.”

The expanded definition of a dealer was first introduced a year ago. The financial watchdog had broadened the meaning to include principal-trading firms that use algorithmic and high-frequency trading strategies to offer services such as exchanges and alternative trading platforms.

Positive Shifts In the Crypto Industry

The head of the crypto lobbying group highlighted that with the final dismissal of the case and new leadership at the SEC, the industry was looking forward to productive discussions with the agency.

Following Gensler’s departure, U.S. President Donald Trump has overhauled the SEC with a focus on reducing crypto-related enforcement and litigation. In line with this, Trump previously appointed Mark Uyeda to lead the Commission in an acting capacity.

Under Uyeda’s leadership, the regulator has created a crypto task force headed by Commissioner Hester Peirce to establish a framework for digital assets.

The agency has also delayed or paused litigation against several crypto firms. Last week, Binance was granted a 60-day pause in its case with the SEC to assess regulatory developments. In January, Coinbase was also allowed to seek an appeal in its legal battle against the watchdog.

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