Tagged: alternative trading system

April 23, 2019 @ 2:20 pm By JD Alois  |  

Many crypto sector platforms are seeking to be approved as “alternative trading systems” or ATSs. An ATS can be very similar to an exchange with a different set of reporting requirements which are not quite as stringent. OTC Markets, a securities marketplace that many people… Read More

February 12, 2019 @ 9:00 pm By JD Alois  |  

The initial coin offering (ICO) industry has morphed into the security token offering (STO) industry. This sector shift is due largely to the recognition, alongside the many regulatory enforcement actions, that have compelled digital assets to become compliant within existing securities law. For all intents… Read More

December 19, 2018 @ 11:14 am By JD Alois  |  

Prometheum, Inc. reports it has raised $12 million from HashKey Digital Asset Group Limited. Without breaking down the details, Promotheum said the investment was a mix of cash and services. HashKey is a holding company focused on investment in the Fintech and blockchain industries. Prometheum proposes the… Read More

July 25, 2018 @ 1:07 pm By JD Alois  |  

SharesPost, a FINRA-registered broker-dealer and ATS, has partnered up with OKCoin a digital asset exchange. The two firms will be working together on SharesPost’s Global Liquidity And Settlement System (GLASS) as exchange nodes. GLASS will provide OKCoin with compliant access to the U.S. investor market. GLASS is… Read More

July 5, 2018 @ 2:50 pm By JD Alois  |  

Just like stocks traded on all public exchanges, Templum Markets will be adding CUSIPs to its blockchain based securities that will be listed on the secondary marketplace. Templum is one of a few Fintechs that has a license to operate as a regulated Alternative Trading… Read More

June 6, 2018 @ 9:22 pm By JD Alois  |  

Cryptocurrency exchange Coinbase has acquired Keystone Capital Corp., along with Venovate Marketplace, Inc., and Digital Wealth LLC. The purchase was announced today in a blog post by Coinbase COO Asiff Hirji. The acquisition accomplishes several very important strategic objectives. Keystone is a regulated broker dealer, as well… Read More

May 15, 2018 @ 6:43 am By JD Alois  |  

SharesPost is reporting it has received approval from both the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) to operate an Alternative Trading System or ATS. SharesPost will now move into the secondary trading market for security tokens minted by initial coin offerings… Read More

March 15, 2018 @ 4:00 am By JD Alois  |  

BnkToTheFuture has filed a Reg D 506c indicating its intent to raise $30 million. The recent filing, under the entity of BnkToTheFuture BFT SP – a Segregated Portfolio of BnkToTheFuture Capital SPC, with the Securities and Exchange Commission (SEC) stated the first sale commenced on February… Read More

March 11, 2018 @ 2:33 pm By JD Alois  |  

Any US based cryptocurrency exchange is going to be compelled to become an Alternative Trading System (ATS), a regulated trading platform but not a full blown exchange. They have to do it or else. The Securities and Exchange Commission has been increasing the volume of… Read More

March 10, 2018 @ 3:02 pm By Philip Liu  |  

On March 7, 2018, the Securities and Exchange Commission (SEC) issued a public statement warning that cryptocurrency coin exchanges were possibly operating as unlawful online trading platforms¹.  The SEC staff noted that “many online trading platforms appear to investors as SEC-registered and regulated marketplaces when… Read More

December 21, 2017 @ 10:17 am By JD Alois  |  

The Securities Commission Malaysia (SC) has announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity – alliance of Fintech community). This follows the Budget… Read More