SharesPost, a leading provider of private growth company liquidity solutions and research, today announced that is has secured the necessary approvals from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority for its Alternative Trading System (ATS) to facilitate secondary trading of digital security tokens.
This will allow companies to conduct ICO’s and investors to trade digital securities on the SharesPost Marketplace in compliance with U.S. securities laws.
As private companies elected to remain private longer, SharesPost created an online securities marketplace to provide them with liquidity. Now, SharesPost is combining additional regulatory approvals with its proven unregistered securities trading technology and expertise to bring new opportunities to its clients.
In addition to secondary trading, the platform will also soon enable investors to custody digital assets in a SharesPost’s Private Brokerage Account, as well as receive investment research and transaction data on leading token issuers.
“The progression from the traditional private placement approach to financing startups to innovative, blockchain driven platforms is happening faster than financial and regulatory communities could have anticipated. Our clients let us know they wanted to invest in many of the new technologies and disruptive business models funded by ICO’s and to be able to trade their coins and tokens. We are pleased to have taken a major step forward in making that a reality.”
“This is a landmark moment for SharesPost. This regulatory approval makes SharesPost Financial Corp. one of the first online marketplaces the SEC has approved to support trading of security tokens. We are excited to soon be enabling the more than 50,000 accredited investors registered on the SharesPost platform, who have been investing in leading private technology companies for years, to now also participate in the emerging tokenized securities asset class.”
