Oasis Pro Raises $27M for Crypto Securities Trading Platform

CEO Pat LaVecchia, a former MakerDAO compliance adviser, said Oasis Pro is in the “early stages” of integrating with DeFi platforms.

AccessTimeIconMay 16, 2022 at 6:36 p.m. UTC
Updated Apr 14, 2024 at 10:44 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Crypto-savvy broker-dealer Oasis Pro raised $27 million in its push to launch a digital securities alternative trading system (ATS) that decentralized finance (DeFi) platforms can plug into.

LedgerPrime, Redwood Trust, John Wu’s Avalanche-focused Blizzard fund and other venture backers joined the Series A, CEO Pat LaVecchia, a former MakerDAO adviser, told CoinDesk.

  • Bitcoin ETFs Are Still 'Wildly Successful': Kraken Head of Strategy
    11:52
    Bitcoin ETFs Are Still 'Wildly Successful': Kraken Head of Strategy
  • NEAR Launches Multichain Access
    15:12
    NEAR Launches Multichain Access
  • Crypto Market Leaders and Laggards in 2023
    01:50
    Crypto Market Leaders and Laggards in 2023
  • Why Injective's INJ Has Surged 3,000% in 2023
    00:52
    Why Injective's INJ Has Surged 3,000% in 2023
  • He described the strategic backers as “important” in Oasis’ bid to bridge crypto infrastructure with traditional capital markets.

    Oasis Pro Markets LLC, the ATS, wants to support everything from the issuance to secondary trading of all forms of digital securities, the company said. It also lets subscribers take the unusual step of paying in crypto for their digital securities, which are traditional investment assets (like shares in a company) that trade as tokens atop blockchain tech.

    Oasis is in the “early stages” of integrating its ATS directly with DeFi applications, LaVecchia told CoinDesk. He said automated market makers (AMMs), staking and yield farming can provide investor upside, and also help DeFi dollars gain access to securities.

    LaVecchia offered MakerDAO as an example.

    “The MakerDAO collateralization platform could fund an issuer with a collateralized note. Then if it meets proper regulatory security requirements, that note could trade on an ATS such as Oasis Pro. So DeFi funding into a security that can trade on an ATS for the issuer,” he said in a text.

    Such close integrations of DeFi and traditional finance (TradFi) require regulatory approval. LaVecchia said Oasis isn’t there yet.

    “I believe we are unique and we have the registration for digital cash (stablecoins, CBDCs, etc.) for digital securities transactions which to date we understand no other group has secured,” LaVecchia said.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Danny Nelson

    Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about