Darien fintech firm Oasis Pro Markets is expanding in the state and expects to add 91 jobs over the next four years, the governor’s office announced.
Gov. Ned Lamont said Thursday that Oasis Pro Markets is launching a large expansion project in the state with a grant from the Department of Economic and Community Development.
The company has 15 employees, six of whom were hired in the past two months. The planned expansion is being supported by a $1.1 million DECD grant, which is contingent on the company creating and retaining 91 full-time jobs over the next four years.
“Most of the expansion is going to be around heads,” Oasis Head of Business Management Bob Yostpille said. “It will entail obviously increasing our physical footprint by purchasing more equipment, etc., but the goal here is really to increase existing headcount especially around business development.”
Oasis Pro Markets is a subsidiary of Oasis Pro Inc. The company operates the trading system, OATSPRO, to allow subscribers to trade blockchain securities and make payments for those digital securities in digital cash or fiat. Oasis Pro Markets is a full-service broker-dealer and investment bank, regulated by FINRA and the SEC, according to information from the company.
Yostpille said the company still has room to expand in its Darien office, but will “most certainly stay in the area” when it eventually outgrows that location with more new hires.
The company announced in May it had completed a $27 million Series A financing round.
The state’s DECD JobsCT program, which Oasis is participating in and was enshrined into law earlier this year, is available to eligible businesses in targeted industries that create more than 25 jobs. Lamont’s office said the grant amount is determined by several factors, including payroll taxes paid, job creation totals and timelines, average wages, and company location.
