Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
New trading system aims to give developing world better access to financial markets.
- Partnership aims to break the monopoly that banks hold on low-risk investment from primary bond markets
- Platform will remove intermediaries from the process of buying bonds, making it cheaper for developing countries
- The platform will be based on first US-regulated alternative trading system, and will begin development in 2022
A ground-breaking partnership has been formed to develop an alternative trading system that will use blockchain technology to open up participation in primary bond markets to developing countries. Input Output, the blockchain engineering company, and Oasis Pro Inc., are joining forces to create a bond issuance platform. Oasis Pro Inc. is the parent company of Oasis Pro Markets which operates a multi-asset ATS ("OATSPRO") in the USA that allows secondary trading of public and private multi-asset digital securities. By using the Cardano blockchain to remove the need for intermediaries such as banks from the process, trading fees will be cut by half.
Oasis Pro, Inc. will provide its OATSPRO next-generation technology, which facilitates digital cash for digital securities transactions, while Cardano will furnish its industry- leading and eco-friendly blockchain protocol, Cardano. 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. By integrating OATSPRO technology with users of Cardano’s ada cryptocurrency – with a market capitalization of $70 billion – a new source of foreign investment can be tapped for crucial infrastructure projects.
John O’Connor, Director of African Operations at Input Output, said: “At Input Output, 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 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.'
Pat LaVecchia, CEO of Oasis, said: “Developing nations often lack the access to overseas capital that other nations have. We want to ensure that this changes. Input Output’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 accessibility to international capital markets for those that require it.”
About Input Output
Input Output is an R&D and product engineering company, committed to using peer-to-peer innovations to provide 21st century services to the 3bn who don’t have them.
We build blockchain based products for governments, corporations and academic institutions and upskill people across the world, empowering them to solve the most pressing problems faced by people in their countries.
We have core beliefs in decentralization, the right to privacy and stand opposed to centralized control and bureaucracy.
About Oasis Pro, Inc.
Founded by seasoned Wall Street and blockchain veterans, Oasis Pro, Inc’s mission, is to bridge the world of traditional finance and decentralized finance, "DeFi,". Oasis Pro Markets is a FINRA member firm that operates a multi-asset ATS ("OATSPRO") to allow primary issuance and trading of public and private multi-asset digital securities.
OATSPRO enables issuers and subscribers to conveniently and securely buy, sell, and list a range of alternative assets in the secondary market. Subscribers may also make payment for digital securities via fiat and digital currencies including stablecoins, and central bank digital currencies (CBDC) through their custodians. Backed by a team with deep industry and regulation experience, Oasis is the next evolution of alternative asset investing. For more information, visit www.oasispromarkets.com. Securities are offered through Oasis Pro Markets, Member FINRA/SIPC.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.