Oasis Pro Joins ERC3643, Non-Profit for Standardized Tokenization
Oasis Pro has joined the newly launched non-profit ERC3643 Association this past week. Oasis Pro’s CEO Pat LaVecchia serves as a member of the Board for the CT Blockchain Association.
The ERC3643 Association seeks to play a leading role in the growth of the global marketplace for digital asset securities. The introduction of this compliance-oriented token standard will facilitate the adoption of tokenized securities within the traditional capital markets ecosystem.
From Oasis Pro: “We eagerly anticipate the progress that will result from the collaborative efforts of the ERC3643 Association and industry participants who utilize the ERC3643 token standard. By joining forces, custody solution providers, blockchain technology companies, exchanges, integrators, asset owners, and servicers are driving the standardization of tokenization.”
“To prevent the creation of fragmented systems resembling those in the traditional world, the tokenization industry requires standardization. The ERC3643 protocol, which has been proven and audited, is the essential element that enables seamless and compliant interaction among all stakeholders. To achieve this, it is vital to encourage collaboration among industry players and promote widespread adoption of the ERC3643 protocol as the global industry standard. This precisely aligns with the mission of the ERC3643 Association.”
“The association's founding members are working together to develop a comprehensive set of resources that will empower any organization to easily utilize the ERC3643 standard for tokenizing their assets. Notable founding members of the ERC3643 Association include: Apex Group Ltd, Invesco Ltd., Aztec Group, Reply, Capgemini, CMS DLA Piper, Norton Rose Fulbright, Avantgarde, Archax, Rethink Ledgers, Bitstamp, Tokeny, tokenforge GmbH, Rooba.Finance, Inveniam, Polygon Labs, and DFNS. Stay tuned for more exciting updates coming soon!”
CT Blockchain Association Board Member Pat LaVecchia is the CEO of Oasis Pro, the first US-regulated alternative trading system (“ATS”) authorized to allow its subscribers to trade digital (“blockchain”) securities and make payment for those digital securities in digital cash. Over his 30 year career, Pat has led capital markets teams and spearheaded the financing, acquisition and/or sale of well over 150 companies involving transactions comprising over $20 billion across a variety of industries including technology, fintech, and blockchain.
