Parvis Invest is set to acquire Atlas One Digital Securities, the Canadian companies confirmed this month.
Parvis, a Vancouver-based platform for real estate and private alternative investments founded on blockchain technology, is acquiring Atlas One Digital for approximately $5 million.
Atlas One, also based in Vancouver, is another tech-forward financing firm.
David Michaud, founder and chief executive officer of Parvis, believes that Canada “has the investor appetite for private markets” but lacks “the infrastructure to support it at scale.”
“That changes with this acquisition,” says Michaud, noting how Atlas One “has built a strong issuer network and a national investor base, and combining our platforms gives the market something it hasn’t had: a single, fully regulated environment for private market participation.”
The transaction “marks a defining step in building Canada’s most complete private investment marketplace,” stated Michaud.
Joining Parvis “is the right next step for Atlas One and for the investors and issuers we’ve worked hard to serve,” according to CEO George Nast.
“We’ve always believed in the potential of private markets to deliver real opportunity for Canadian accredited investors, and Parvis has built the infrastructure to make that vision scalable,” commented Nast.
Integrating Atlas One’s network of licensed Dealing Representatives and active issuer relationships into the Parvis platform increases the company’s capacity to originate, distribute, and support private market offerings across asset classes, according to a statement.
Both platforms have also invested in digital infrastructure including onboarding, KYC and AML processing, subscription management, and investor reporting.
“Together, we’ll offer greater product breadth, stronger compliance capabilities, and a national reach that neither of us could achieve alone,” stated Nast.
Closing of the deal remains subject to the satisfaction of customary closing conditions.
Atlas One was founded in 2019, while Parvis—which trades on the TSX-V as PVIS, was established in 2019 by Michaud alongside Drew Green, Conan Graham, and Jas Bagry.
Shares in PVIS have more than tripled over the past year.
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