Tagged: ats

SEC Issues No Action Letter to FINRA Regarding ATSs and Digital Asset Trading

The Securities and Exchange Commission (SEC), Division of Trading and Markets, issued a no-action letter to FINRA yesterday afternoon that impacts certain trading platforms that serve as markets for digital assets that are securities. FINRA is a self-regulatory entity that coordinates with the SEC regarding… Read More

StartEngine Secondary Market to Launch Next Month

StartEngine, a leading crowdfunding platform that is also a FINRA regulated broker-dealer and holds an ATS (alternative trading system) license, will launch the “StartEngine Secondary” in October. According to StartEngine, the first issuer to trade on the platform will be StartEngine itself – a company… Read More

tZERO Updates on Platform Progress

tZERO CEO Saum Noursalehi has published an update on progress pertaining to the digital security platform. tZERO is part of Overstock (NASDAQ:OSTK), a company that has recently experienced a solid increase in its share price since the beginning of the year. Overstock is scheduled to… Read More

Open for Trading: Openfinance Lists LDCC Token from Lottery.com

Openfinance, a registered alternative trading system (ATS) that is trading marketplace for digital assets, has announced the listing of Lottery.com‘s LDCC token. The digital asset is available for all US investors – not just accredited individuals. LDCC is the security token offered by Lottery.com. The… Read More

Here is the Most Recent SEC List of ATSs

The Securities and Exchange Commission (SEC) publishes a monthly list of “alternative trading systems” or ATSs. An ATS is a marketplace that may trade securities similar to a regulated exchange. To receive approval to operate an ATS, a platform must also become a FINRA regulated… Read More

Digital Asset Marketplace Openfinance: CEO Juan Hernandez Outlines 2019 Accomplishments – 2020 will be the Year of Lasting Legacy

Openfinance is one of a handful of platforms that are seeking to leverage the digitization of securities to create a comprehensive marketplace for investing and trading in these digital assets. As a regulated alternative trading system (ATS), Openfinance has established a foundation to help lead… Read More

Decentralized Securities Depository, dba Openfinance, Raises $8.6 Million. Seeks Up to $50 Million

Decentralized Securities Depository, LLC, dba Openfinance, has raised $8.6 million from 19 different investors, according to a filing with the Securities and Exchange Commission (SEC). Decentralized Securities Depository/Openfinance is a secondary trading market for digital securities. Simply naming the company decentralized indicates the utilization of… Read More

StartEngine Receives ATS License. So When Will Secondary Trading in Crowdfunded Securities Start?

StartEngine, one of the larger securities crowdfunding platforms in the US, has received an Alternative Trading System license (ATS). StartEngine has long shared its intent to pursue an ATS license as it seeks to provide a liquidity path for crowdfunded securities. Crowdfund Insider reported last… Read More

Big News: Leading Crowdfunding Platform SeedInvest Receives ATS Approval From FINRA, will Add Secondary Trading for Private Securities

SeedInvest, one of the leading US-based investment crowdfunding platforms, has received regulatory approval from FINRA to operate a secondary marketplace for securities via an alternative trading system (ATS). SeedInvest is the first traditional crowdfunding platform to receive an ATS license. Providing liquidity for private securities… Read More

Here is the List of SEC Approved Alternative Trading Systems

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

Will 2019 be the Year of the Security Token? A Discussion with Juan Hernandez of OpenFinance Network

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

Security Token Platform Prometheum Reports $12 Million Investment from HashKey Digital Asset Group

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

SharesPost Research: Even as Crypto Tanks, Long Term Investors Remain Bullish

SharesPost, a regulated ATS and global security token platform, has just published some research on the cryptocurrency market. SharesPost polled 2,490 consumers and 528 individual accredited and institutional investors to create the report. According to their data, even as cryptocurrency valuations have plummeted during 2018, consumers… Read More

Digital Asset Exchange OKEx Joins SharesPost Security Token Network in Global Expansion Push for Trading

SharesPost has announced that OKEx, a Hong Kong based digital assets exchange, is joining their Global Liquidity and Settlement System (GLASS). SharesPost received approval to operate as an Alternative Trading System (ATS) earlier this year – a necessary move to trade in securities in a… Read More

Digital Asset Exchange OKCoin & SharesPost Partner on Global Security Token Network

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

Templum will Add CUSIPs to Tokenized Securities Traded on ATS

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

SharesPost Unites with Satis Group to Provide Advisory Services and Compliant Transactional Platform Combo for Security Token Issuers

SharesPost, a private company liquidity solutions and private capital markets research provider, has joined forces Security Token Offerings advisory firm Satis Group LLC d/b/a Corinthian Partners LLC. Satis is the first partner participating in SharesPost’s newly-launched global Advisor Partner Program. The partnership aims to result… Read More

Coinbase Acquires Broker Dealer & ATS with Keystone Acquisition

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

tZero & BOX to Partner on “First Security Token Exchange”

Overstock (NASDAQ:OSTK) subsidiary tZERO and BOX Digital Markets LLC are partnering to launch the industry’s “first regulated security token exchange.” tZero was the first crypto focused platform to receive regulatory approval to operate an Alternative Trading System (ATS) – thus enabling the company to trade… Read More

SharesPost Receives ATS Approval, Will Commence Secondary Trading in Security Tokens

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

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