Blockchain fintech Oasis Pro lands $27m Series A

US blockchain fintech Oasis Pro has completed a “significantly oversubscribed” $27 million Series A financing round.

Oasis Pro founder and CEO Pat LaVecchia

The round saw participation from existing investor UDHC as well as other strategic investors Blizzard the Avalanche Fund, Inveniam, Redwood Trust, TrustLabs, Mirae Asset Venture Investment, Gate Ventures, LedgerPrime and StableNode, among others.

The company says the financing will fuel its growth, with money set to be spent on building out its senior management team, scaling its tech platform globally through new revenue streams and adding complementary blockchain technologies.

Oasis Pro subsidiary Oasis Pro Markets, a US regulated multi-asset Alternative Trading System for digital assets and a full-service investment bank, will also benefit from the funding.

Cash will be spent on maintaining the platform’s global expansion and full-service investment banking advisory practice, Oasis Pro says.

The company’s mission is “to bridge the world of traditional finance, blockchain and decentralised finance”.

Oasis Pro founder and CEO Pat LaVecchia says the investment from traditional and decentralised finance players in the Americas, Asia and Europe “is a validation of Oasis Pro’s long-term global strategy, focus and mission”.

“As a rapidly growing fintech and blockchain company with a deep Wall Street and DeFi/blockchain experienced team, the ability to accelerate growth with our partners was our focus,” LaVecchia adds.