Oasis Pro Markets Receives SEC/FINRA Approval For Its Alternative Trading System for Digital Securities

Regulated broker-dealer Oasis Pro Markets has received approval from FINRA and the US Securities & Exchange Commission (SEC) for its Digital Security Alternative Trading System (ATS).

Oasis Pro Markets is a platform for trading digital securities and raising capital, in the form of equity and debt. It enables issuers and subscribers to conveniently and securely buy, sell, and list a range of alternative assets in the secondary market.

In a press release, Oasis claimed that it is first US-regulated ATS that enables subscribers to trade digital securities and make payment for those digital securities in digital cash, i.e., stablecoins such as USDC and DAI and, when available, central bank digital currencies (CBDC) or fiat.

Oasis’ ATS, which also provides access to investment opportunities and liquidity in the alternative asset market, is authorized by FINRA and the SEC to allow its subscribers to trade both registered and unregistered securities, trade digital securities OTC, trade both equity and debt in digital form through the use of a blockchain, and invest in initial private offerings that can be recorded on a blockchain.

“Obtaining approval with the world’s leading financial regulatory bodies has the potential to unleash a tremendous market opportunity; it advances investor protections, and coupled with digital cash, has the potential to unlock trillions of dollars of value in the digital securities space,” said Pat LaVecchia, CEO and Co-Chairman, Oasis Pro Markets. “Moving quickly with a regulation-first mindset, digital cash for digital security, and a deeply experienced team is a tremendous competitive advantage, and the only way to ensure that digital securities trading is viable long-term within the U.S. financial system.”

The approval came after Oasis worked closely with the regulators to ensure the platform offers legally compliant, regulated trading of digital securities. Expected ATS launch date is Q2 2021.

“Oasis’s ATS is set apart from other trading systems by the ability to accommodate Stablecoins and enable a more accessible, liquid, and transparent market for privately offered digital securities. We have worked tirelessly to deliver a low friction, digital security trading platform with streamlined onboarding and the type of volume that will excite issuers of securities and subscribers alike, whether accredited or institutional investors,” said Joseph Quintilian, Co-Chairman, Oasis Pro Markets.