AtlasClear Holdings Inc. (NYSE American: ATCH) announced the execution of its fifth correspondent broker-dealer agreement through Wilson-Davis & Co., Inc., its wholly owned correspondent-clearing broker-dealer subsidiary.

The Tampa-based technology-enabled financial services platform stated the new agreement extends a pipeline of correspondent relationships that have developed over recent quarters. The company said this reflects demand for its integrated clearing, custody, and capital markets capabilities.

"We are seeing consistent demand from broker-dealers that have outgrown legacy clearing relationships and require a partner with modern infrastructure and the capacity to scale," said Craig Ridenhour, president of AtlasClear Holdings.

Executive Chairman John Schaible said broker-dealers seek clearing partners that combine scale, technology, and capital markets capabilities efficiently. He noted Wilson-Davis is designed around the needs of their target market.

AtlasClear continues discussions with prospective broker-dealer partners as it scales its correspondent clearing platform through Wilson-Davis. The company operates through its subsidiary Wilson-Davis & Co., Inc., a correspondent broker-dealer registered with the SEC and FINRA.

The company has a pending acquisition of Commercial Bancorp of Wyoming and aims to deliver brokerage, clearing, risk management, regulatory, and commercial banking solutions.