The Digital Securities Group will bring security token issuers and investors into the SharesPost private marketplace. Token issuers and investors will use SharesPost's existing Alternative Trading System to invest in ICO's and trade in digital securities in compliance with U.S. securities laws.
Investors will benefit from SharesPost's proven transaction capabilities in unregistered securities and the digital custody capability of SharesPost's Private Brokerage Accounts. Investors will also be able to view investment research and transaction data on leading token issuers.
“We are very pleased that the blockchain services and technology offered by our Digital Securities Group will enable greater scale, transparency and liquidity and so contribute to a better private capital market,” said Greg Brogger, Founder and CEO of SharesPost.
Entrepreneur and private market investor, John Wu, has been named CEO of the Digital Securities Group. His group will work with SharesPost Financial Corp. to manage security token ICO's on the platform and secondary trading of digital assets.
Prior to SharesPost, Wu launched the SEGO fund to invest in digital currencies and securities; its predecessor fund, Sureview, was backed by the Blackstone Group. He was also previously a portfolio manager at Weiss Multi-Strategy Advisers, Kingdon Capital and Tiger Management. Mr. Wu is on the Advisory Boards of multiple blockchain companies.
Wu said, "SharesPost occupies a unique niche within the rapidly expanding token ecosystem. I'm excited to be able to focus all of SharesPost's existing transaction capabilities, technology and regulatory infrastructure in support of blockchain companies."
Also joining SharesPost Digital Securities Group as its technology lead is Noah Thorp. Thorp has long been an active member of the Bay Area blockchain development community. He founded and architected CoMakery, a token issuance and administration platform for online collaborators. In addition, Thorp was VP of Engineering for the Nasdaq Private Market launch team.
About SharesPost, Inc.
SharesPost is an SEC-registered broker-dealer, investment advisor and an approved Alternative Trading System. SharesPost helped launch the private tech growth market in 2009 and has built one of the leading platforms for secondary transactions and Initial Coin Offerings pursuant to Reg. D. SharesPost provides the private tech asset category with a suite of trading and lending solutions to facilitate shareholder and option holder liquidity. With nearly $3 billion in secondary market transactions for more than 190 leading technology companies, SharesPost provides the trading, research and online tools to transact in the private market with confidence. For information, visit sharespost.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements. These statements include, but are not limited to, statements about research on late-stage, venture-backed companies. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond SharesPost’s control. These factors include, but are not limited to, factors detailed in the white paper. We undertake no obligation to release any revisions to any forward-looking statements.