Openfinance Announces It’s Opening Trading of Third-Party Digital Securities to US Investors
The secondary market for trading digital assets called Openfinance is going to open trading of third-party digital securities to U.S. investors.
The information was released by Tech Crunch a few hours ago. Openfinance is going to be the first platform in the market to offer these services.
Openfinance Launches New Services for US Investors
According to the report, the company is already supporting trading of third-party digital securities in Europe. However, the firm didn’t have the possibility to offer similar services in the United States. Regulators in the country tend to require minimum holding periods for tokenized securities.
Now, holding periods for the first security token assets (Blockchain Capital’s BCAP security token and SPiCE VS’s SPiCE token), accredited and non-accredited investors in the United States will be able to trade these securities through the trading platform. In the future, there will be other assets that will be available for traders.
It is only a matter of time before other assets will be added to the platform. It is just necessary for them to conclude minimum holding periods.
This is going to help many of the issues that those interested in selling digital alternative assets have. In general, these investors have to sell at prices that are significantly below the asset’s true value. The founder and CEO of Openfinance Juan Hernandez explained:
“The ability for U.S. investors to trade these digital assets and access liquidity marks a significant next step in the evolution of the digital securities market.”
This is the first company that facilitates a secondary market for tokenized securities and it was the first secondary market for digital alternative assets to become regulated in the United States, which has very hard regulations compared to other jurisdictions.
Openfinance shows that there are several companies that can be regulated and want to operate under the current regulatory system.
The firm will also have a privileged position to shape the standards related to digital securities and the market around them. In the future, there are going to be more investors getting involved and getting exposure to digital securities.
During a conversation with Tech Crunch, Hernandez explained that they want to support more than just token securities. They also and to include security token offerings (STOs), digital securities issued by pre-IPO companies, and many other things.