SharesPost, one of the most important providers of private growth company liquidity solutions and research, announced on May the 14th, that it has secured the necessary approvals from the SEC and ATS for secondary trading of digital security tokens.
SharesPost Receives Approval From The SEC And ATS
The U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority for its Alternative Trading System, have given SharesPost the approval to allow companies conduct ICO’s and investors to trade digital securities on the SharesPost Marketplace. Everything will be in compliance with U.S. securities laws.
Greg Brogger, SharesPost CEO, commented:
“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 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.”
During the last decade SharesPost has been a pioneer in the private capital markets. This is why the company decided to create an online securities marketplace to provide enterprises liquidity. Additionally to secondary trading, the platform will allow investors to custody digital assets in a SharesPost’s Private Brokerage Account.
John Wu, CEO of SharesPost Digital Securities said:
“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.”