It is called the OpenFinance Network (OFN) and is about to become the first regulated real-time security token trading platform in the United States.
The platform is moving from beta to full functionality.
OFN has been operating in the field of alternative financial assets since 2014 and, after the success of the beta version, the platform is now ready to be used by all authorized users!
One of the first security tokens that will be possible to trade on the platform is Blockchain Capital (BCAP), a digital resources-focused venture capital fund that has been tokenized precisely to make it possible to trade tokens on platforms like this one.
The BCAP token was one of the first security tokens to comply with US regulations.
BCAP tokens will be based on a DS protocol developed by Securitize, a platform for the issuance and management of digital securities on the blockchain.
The protocol will enable these digital securities to be traded consistently across markets and global exchanges.
The OFN platform is available to accredited and non-accredited investors, both in the US and abroad.
Once registered, the Investor Passport application initiates a user data check procedure, in compliance with AML and KYC regulations, to verify the suitability and accreditation of the investor with a global compliance process to improve investment protections and security.
Juan Hernandez, CEO of OFN, said:
“2018 is said to be the year of security tokens, but, for us, this is only the beginning. We are committed to supporting all levels of investors in participating in this burgeoning alternative asset ecosystem. As we continue to partner with more security token assets, we are able to offer people more opportunities for wealth generation”.
Brad Stephens, co-founder and Managing Partner of Blockchain Capital, added:
“As creators of the world’s first security token, the BCAP, we are encouraged by the growth of the security token market and related infrastructure. We are excited to be partnering with OpenFinance Network that is enabling liquidity of security tokens in a regulatorily compliant way”.
OpenFinance Network is a platform that acts as an intermediary between issuers, investors and industry stakeholders, offering simplified access to liquidity and an efficient asset transfer system.
Securitize, on the other hand, is a platform and compliance protocol for issuing and managing digital securities on the blockchain, including dividends, distributions and share repurchases.
The Securitize Digital Securities Protocol (DS protocol) enables continuous and fully compliant trading across multiple markets simultaneously.
Carlos Domingo, co-founder and CEO of Securitize, said: “Security tokens, or digital securities, will only begin to make a meaningful contribution to the financial landscape when compliant trading can take place on a wide scale. We are proud to have partnered with OpenFinance Network to make this a reality”.
