WASHINGTON--(BUSINESS WIRE)--Securrency, a provider of financial and regulatory technology products for the tokenized issuance and trading of securities, today announced a strategic partnership with SharesPost, a leading provider of private company liquidity solutions and private capital markets research. This partnership will help drive tokenized securities trading to the SharesPost platform by providing liquidity via SharesPost’s Alternative Trading Platform (ATS) to issuers of private tokenized securities availing themselves of Securrency’s compliance and security technologies.
“Enabling the issuance of securitized tokens can be complex, especially when it comes to maintaining compliance with regulations in multiple jurisdictions,” said Dan Doney, CEO of Securrency. “We’re thrilled to be working together with the innovative team at SharesPost’s Alternative Trading Platform as our technologies deliver essential security and compliance features to support primary offerings and secondary-market trading of tokenized securities across SharesPost’s impressive range of services.”
This latest partnership continues Securrency’s “network effect” strategy of partnering with other innovative companies and financial services providers to deliver best-in-breed security and compliance. Securrency offers a unique Compliance Aware Token™ that has compliance and transactional rules embedded in a compliance layer to facilitate securities offerings on virtually any distributed ledger or legacy platform. This sophisticated yet user-friendly approach is much more flexible, powerful, and secure than alternative “white list” approaches. In addition, Securrency’s Know Your Wallet™ tools can detect money laundering and other illegal activity, thereby minimizing the risk of bad actor participation in the distribution and trading of tokenized securities.
“Our new Initial Coin Offering (ICO) platform has grown tremendously since launching earlier this year, and we wanted to ensure our users met compliance regulations without any additional hassle,” said Greg Brogger, CEO and Founder of SharesPost. “Partnering with Securrency was an easy decision, as they seamlessly integrated into our platform and help our customers to create compliant Security Token Offerings (STOs).”
Doney added, “SharesPost’s visionary leadership rightly understands the need to create attractive liquidity options for investors, a vision that has also been at the core of Securrency’s technology solutions since our inception three years ago. Through our strategic partnership with SharesPost, issuers and investors have immediate access to a secure and fully-compliant end-to-end marketplace for tokenized securities.”
Securrency is a technology products company that delivers a complete suite of security and compliance tools to issuers, broker-dealers, and alternative trading system (ATS) operators to enable the issuance, maintenance, and secondary trading of tokenized securities.
Securrency has developed a unique Compliance Aware Token™ that embeds regulatory and transactional rules in a compliance layer to facilitate legally-compliant securities offerings in the United States and globally. Securrency’s protocol can be utilized on the Ethereum, Stellar, Ripple, EOS and other distributed ledgers, as well as on legacy systems, allowing for seamless on-chain and off-chain movement of tokens. Securrency’s Know Your Wallet™ tools can detect money laundering and other nefarious activity, thereby minimizing the risk of bad actor participation in secondary trading.
Securrency was formed in 2015 by US national security and technology experts to enable the free trading of previously illiquid asset classes through compliance and unparalleled interoperability. Securrency offers a secure, scalable FinTech/RegTech tools either as individual modules or as a customized venue-operator platform for listing securities via Initial Token Offerings (ITOs) while providing global KYC (Know Your Customer) and jurisdictional compliance for access to investors.
SharesPost’s mission is to create liquidity for the private growth asset class. In 2009, SharesPost launched the first online secondary market for private technology company shares. Since then, SharesPost has connected thousands of buyers and sellers in more than $4 billion worth of transactions in the shares of more than 200 leading technology companies.
The SharesPost platform now also enables clients to access a variety of private market investment and liquidity solutions including (i) research and data on leading private technology companies, (ii) the SharesPost Private Growth Index, (iii) the SharesPost100 Fund, a registered closed-end interval fund providing all investors with easy access to the asset class, and (iv) SharesPost Lending, which enables private company shareholders to borrow against their shares. In 2017, SharesPost managed its first Initial Coin Offering and in 2018 announced plans to integrate trading of digital securities into the SharesPost platform. SharesPost is a FINRA-registered broker-dealer, SEC registered Alternative Trading System and Registered Investment Advisor. For more information, visit SharesPost.com.