The integration of Pacsquare Technology is expected to improve customer experience and support scalable expansion. AtlasClear Holdings anticipates that the technology will allow for more efficient system updates and component scalability, which could lower system costs and provide faster adaptability for customers.

The technology is also projected to aid in the management of distributed assets and AI robo-advisory, as well as expand risk management capabilities for future portfolio margin offerings.

Robert McBey, CEO of AtlasClear Holdings, expressed optimism about the benefits of the acquisition, stating that it could potentially set AtlasClear apart in the industry by incorporating vertically integrated cloud-native trading solutions and technology.

This acquisition follows the company’s business combination with Quantum (NASDAQ:QMCO) FinTech Acquisition Corporation and is in line with AtlasClear’s strategy of building a technology-enabled platform for trading, clearing, settlement, and banking, particularly focused on small and middle market financial services firms.

The integration of Pacsquare Technology is part of AtlasClear’s broader goal to offer a full suite of cloud-based products, including account opening, trade execution, risk management, regulatory reporting, and settlement.

AtlasClear Holdings is run by a team of financial services industry veterans with a history of founding and leading companies such as Penson Clearing, Southwest Securities, NexTrade, and Anderen Bank.

AtlasClear Holdings also has plans to acquire Commercial Bancorp of Wyoming, which is expected to enhance its long-term business model.

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