Security token pipeline of OpenFinance Network (OFN) swells

OpenFinance Network (OFN), a trading platform for tokenized securities, has recently announced partnerships with key blockchain-focused industry players, including Harbor, Republic, Securitize and Science Blockchain. Through these relationships and listing agreements, OFN currently has a listing pipeline of 130+ security tokens with a total market cap of $6B+.

Built on Ethereum, OFN is currently the only technology platform that is fully-compliant for trading token securities and is introducing a new option for liquidity to the alternatives market.

[perfectpullquote align=”full” bordertop=”false” cite=”Juan Hernandez, founder, and CEO of OFN” link=”” color=”” class=”” size=””]“The goal of the OFN is to support a broad ecosystem of high-quality service providers, working with the most innovative companies to issue security tokens. We share an unrelenting commitment with these partners to advance this industry and to keep raising the bar.”[/perfectpullquote]

OFN works with leading banks, brokerage houses, custodians and transfer agents serving the alternative markets. Originally made up of a team of securities lawyers, trading veterans, and a trading technology platform, OFN is a venture-backed enterprise providing a new vehicle for accessing liquidity.

[perfectpullquote align=”full” bordertop=”false” cite=”Josh Stein, CEO of Harbor” link=”” color=”” class=”” size=””]“Bringing private securities to blockchains allows issuers to lock up capital without locking up investors. Harbor is creating an ecosystem of trading platforms so that the securities can trade on the right platforms to get the best liquidity for investors, and we look forward to listing tokenized securities on the OFN trading platform.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Kendrick Nguyen, CEO, and co-founder of Republic” link=”” color=”” class=”” size=””]“We’re excited to partner with OpenFinance Network in creating greater liquidity for our investors, and new opportunities for non-accredited investors to invest in startups.”[/perfectpullquote]

Listing agreements with many other industry influencers, including issuance, transfer agent technology companies and other smaller token real estate funds, are currently being solidified. Announcements will be made at the earliest time possible.

The OFN beta is live on the Rinkey TestNet environment and is limited to early investors and partners at this time. Live trading will launch in June.

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