Templum, LLC, and its affiliated broker-dealer Liquid M Capital, LLC, announced today a strategic partnership to launch a digital asset platform, known as Templum, offering both primary issuance of Initial Coin Offerings (ICOs) and the secondary trading of both registered and unregistered digital assets as securities through an Alternative Trading System (ATS).
Templum’s strategic partnership with Liquid M Capital will allow it to utilize Liquid M Capital to create a turn-key solution for the initial issuance and secondary trading of ICOs as unregistered private securities.
Templum’s proprietary technology and intellectual property combined with Liquid M Capital’s ATS will provide ICO investors with a platform for the sale and secondary trading of digital tokens.
While experiencing tremendous growth, the ICO market has operated independently of jurisdictional securities laws. However, the U.S. Securities and Exchange Commission (SEC) released an investigative report on July 25, 2017, regarding DAO tokens that concluded that their sale and trading was in violation of U.S. securities laws.
“Templum’s model is designed to build upon ICO innovation by adhering to existing regulations to add the essential element of investor protection. By doing so, we hope to increase widespread acceptance of ICOs that will attract more capital interest in innovative, growth-oriented companies and result in the overall growth of the global digital asset market. We believe that once our platform is fully established it will become the primary destination for transacting in digital assets worldwide.”
“We’ve long advocated for a strong digital asset ecosystem for both issuers and investors, and sought to preserve the best elements of the ICO community. With the DAO report, we can reasonably conclude that most digital assets are likely to be treated as securities by U.S. regulators. Templum will meet the need for compliant ICOs and secondary trading liquidity in a single destination.”
This follows last week’s news that Overstock.com subsidiary tØ is planning to release its own alternative trading system for regulated cryptocurrency-based securities.