Governor Lamont announces Oasis Pro Markets expansion plans in Connecticut

Press releases

07.07.2022

Governor Lamont announces Oasis Pro Markets expansion plans in Connecticut

(HARTFORD, CT) – Governor Ned Lamont announced today that Oasis Pro Markets, a fast-growing fintech company, is planning an expansion project in Connecticut that will include the creation of 91 new jobs in the state over the next four years. The company, located in Darien, has employed six people over the past two months, bringing the total employment to 15 workers.

“Connecticut has an educated and diverse talent pool that employers leverage to boost our economy,” said Governor Lamont. “Fintech will be a driver for the economy of the future, and I want Connecticut to be at the forefront of this burgeoning industry. Having Oasis Pro Markets anchored in Connecticut will continue to promote further investment and job creation in the state in this critical sector.”

Oasis Pro Markets LLC, a subsidiary of Oasis Pro Inc., bridges the world of traditional finance, blockchain and decentralized finance. It operates an alternative trading system (“OATSPRO”) to allow subscribers to trade digital (“blockchain”) securities and pay for these digital securities in digital cash (ie stable coins) or fiat. OATSPRO is at the forefront of digital securities innovation by utilizing blockchain and smart contract technology to create real-time settlements, while eliminating counterparty risk. Oasis Pro Markets’ proprietary technology provides an elegant, user-friendly experience for issuers and investors, and OATSPRO offers efficient KYC / AML onboarding of digital securities for issuers, streamlined onboarding for investors, and provides a liquidity platform for private and public OTC market digital securities. Oasis Pro Markets is a full-service broker-dealer and investment bank, regulated by FINRA and the SEC.

“Connecticut is an attractive business location with its high-quality educated workforce, universities, quality of life and focus on building strong infrastructure for growth – especially in the fintech area,” Pat LaVecchia, CEO and founder of Oasis Pro Markets, said. “As a long-term resident, it’s exciting to see Connecticut support the company’s growth and its commitment to providing a strong foundation for growing companies like ours. Governor Lamont has been incredibly supportive of building the local fintech economy, and we are proud to be a part of it. We look forward to expanding our Connecticut business. “

The Connecticut Department of Economic and Community Development (DECD) supports the project by providing a grant in arrears of up to $ 1,067,602, provided the company creates and retains 91 new full-time jobs. The Government’s economic development program to support and encourage growth, JobsCT, is available to qualified companies in targeted industries that create more than 25 jobs. The grant amount is determined by several factors, including paid payroll taxes, totals and timelines for job creation, average pay and the company’s location.

“Connecticut leverages its long-standing strength in financial services and its strategic location to offer competitive edge to growing firms such as Oasis Pro Markets, especially an abundance of talent and a vibrant, fast-growing fintech ecosystem,” DECD Commissioner David Lehman and Peter Denious, CEO of the non-profit economic development organization AdvanceCT, said.

In May, Oasis Pro Markets announced that they had completed a $ 27 million Series A funding round.

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