IOHK Partners With Oasis Pro to Develop a Bond Issuance Platform

Kavya  |  Sep 28, 2021

On September 26th, IOHK (aka OG), the blockchain technology firm founded by Charles Hoskinson that develops the Cardano Protocol has entered into a partnership with Oasis Pro. Inc (“Oasis”). 

The majority owner of Oasis Pro Markets, which offers the ‘first US-regulated Alternative Trading System (ATS) authorized to allow users to trade digital securities and make payment for those securities with digital cash. 

The Blockchain Technology Firm, IOHK Is Collaborating With Oasis Pro. Inc

Oasis Pro Markets released a press release on January 20 announcing that it received permission from FINRA and Securities and Exchange Commission (SEC) for its Digital Security Alternative Trading System (ATS). 

Oasis said in this press statement that their ATS is allowed to allow members to: 

  • On the ATS, you are allowed to trade both, registered and unregistered securities.
  • Trade OTC digital securities.
  • Use blockchain to trade both stalk and debt in digital form
  • Invest in an initial public offering (IPO) that can be tracked on a blockchain. 
  • The Oasis Pro Agreement Will Improve Developing Countries’ Access To Financial Markets

    The goal of IOHK’s intentions for collaborating with Oasis Pro, according to a blog post published on September 26 is to create an alternative trading system that will employ blockchain technology to open up participation in primary bond markets to developing nations. 

    It goes on to state that Oasis ATS’ known as OATSPRO in the United States, “allows secondary trading of public and private multi-asset digital securities.”

    The following is what IOHK had to say regarding OATSPRO technology and its impending integration with Cardano. 

    “The Oasis Pro technology facilitates digital cash for digital securities transactions, and the use of the Cardano blockchain to remove the need for intermediaries such as banks from the process will cut trading fees by half. The combined platform provides a viable and secure financing alternative for governments of developing nations.

    “With recent reductions in foreign aid and investment, many governments are struggling to access capital. The integration of OATSPRO technology with users of Cardano’s ADA cryptocurrency – with a market capitalization of $70 billion – will enable a new source of foreign investment to be tapped for crucial infrastructure projects.“

    IOG's Director of African Operations, John O'Connor, stated:

    “At IO Global, our mission is to build systems which widen and democratize access to vital financial and social services, for both governments and citizens alike. This was the drive for our partnership with the Ethiopian Ministry of Education this year to bring provable educational credentials to students and teachers across the country, and it is the same for our work with Oasis.

    “Systems like the one Oasis is developing are essential to bridge the growing global investment gap and give developing nations the tools to level the playing field and invest in critical infrastructure.“

    In addition, Pat LaVecchia, CEO of Oasis, stated:

    “Developing nations often lack the access to overseas capital that other nations have. We want to ensure that this changes. IO Global’s vision to democratize opportunity aligns closely with our desire to ensure access to financial markets for developing nations, and this partnership represents a key step in enabling greater access to international capital markets for those that require it.“

     

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