Oasis Pro Markets, a U.S. regulated broker-dealer, announced that will be launching its Digital Security Trading System (ATS).
According to the company’s press release, Oasis recently received approval from the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) to launch the new platform.
Set to launch in the second quarter of the year, the platform will be the first U.S.-regulated ATS to enable users to use stablecoins and central bank digital currencies (CBDCs) for digital securities trading. Users will also be able to trade registered and unregistered securities, as well as equity and debt in digital form on the ATS.
“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,” said Joseph Quintilian, the co-chairman of Oasis Pro Markets.
Users can also trade digital securities OTC and invest in initial private offerings that can be recorded on a blockchain.
Pat LaVecchia, the company’s co-chairman and CEO, said that obtaining regulatory approval for ATS has the potential to unlock trillions of dollars in value in the digital securities space.