Oasis Pro Markets announced on January 20, 2021, that it had received regulatory approval in the US for its Alternative Trading System. Users will be allowed to buy digital securities with digital currencies and fiat. They will be able to trade in registered and unregistered securities to raise capital via the blockchain and trade equity and debt as digital securities. The Securities Exchange Commission (SEC) and FINRA approved the ATS.
First Regulated ATS – Oasis Pro Markets
The approval by the SEC makes the Oasis ATS the first regulated ATS in the US. Subscribers will be able to trade blockchain-powered digital securities and pay for them in digital cash, specifically stablecoins and CBDCs or fiat. The approval by the SEC allowed traders using the ATS to:
- Trade registered and unregistered securities
- Trade digital securities
- Trade equity and debt in digital form via the blockchain
- Invest in Initial Private Offerings powered by the blockchain
To receive the approval for the ATS, Oasis worked closely with FINRA and the SEC. The regulators guided them to ensure that all products offered via the ATS were legally compliant, regulated digital securities. Oasis plans to launch the ATS in Q2 2021.
The ATS offers access to liquid private and public digital security markets through a secure interface, which offers an array of custodians and digital security investments. The focus on the ATS includes an institutional-grade interface, low-cost trading, liquidity provided by leading market makers, regulatory protection, and a robust technology offering.
Oasis Pro Markets Leadership Thoughts
According to Pat LaVecchia, the CEO and co-chair of Oasis Pro Markets, obtaining approval from the world’s leading financial regulators had the potential to unleash a huge market opportunity. The CEO noted that the regulatory approval would provide investors with legal protections. Additionally, they could easily access the digital currency economy, which could unleash trillions of dollars’ worth of value in the digital securities sector.
LaVecchia added that a regulation-first mindset, the goal of selling digital cash for digital securities, and a highly experienced team was the only way to ensure that digital securities become a viable long-term market within the US financial sector.
According to LaVecchia,
“The only responsible path to successful financial industry adoption of blockchain’s advantages in digital securities trading, is through registered entities acknowledging the unmatched benefits and credibility that is provided by a regulated financial system.”
Joseph Quintilian, the co-chair of Oasis, added that their ATS was different from existing trading systems since it accommodates stablecoins. Quintilian added that it would make the market for privately issued digital securities more accessible, liquid, and transparent. Quintilian added they had 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.”
The official approval of the Oasis Pro Market ATS will help to increase institutional interest in the digital securities industry. While the sector has thus far been mainly a fringe sector within the financial system, the Oasis ATS could help bring blockchain-powered digital securities mainstream and transform how securities issuance takes place in the foreseeable future.
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