CHICAGO--(BUSINESS WIRE)--OpenFinance Network (OFN) is moving from beta to full trading functionality, becoming the first to launch a live, regulated security token trading platform in the United States. An experienced and trusted player in the alternative assets space since 2014, OFN developed its regulated and efficient trading platform to make security token trading more liquid and accessible.
One of the security tokens available to trade at launch is Blockchain Capital (BCAP), a tokenized venture capital fund focused on digital assets. Blockchain Capital is a pioneer in the space, one of the first to issue a compliant security token offering.
BCAP security tokens will be powered by a DS protocol developed by Securitize, a platform for issuing and managing digital securities on the blockchain. The protocol will enable these digital securities to be traded in a compliant way across global marketplaces and exchanges.
The OFN platform is available to accredited and non-accredited investors both in the U.S. and abroad. Its Investor Passport application serves as a one-time verification process allowing participants to invest based on their eligibility.
Juan Hernandez, CEO of OFN, is among many digital asset enthusiasts passionate about security tokenization. “2018 is said to be the year of security tokens, but, for us, this is only the beginning,” said Hernandez. “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, comments, "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.”
Carlos Domingo, Co-Founder and CEO of Securitize added, “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.”
OFN has partnered with and is supported by top industry players, such as Huobi, the third largest cryptocurrency exchange in the world, as well as Securitize, Atomic Capital, Harbor, Polymath, Securrency, and TokenSoft. The OFN team has over 50 years of combined experience in financial markets, exchange technology, and finance law, with expert advisors such as Anthony Pompliano (Morgan Creek Digital Assets, Facebook) and Tor Bair (Enigma MPC, Snap).
To sign up for OFN, register today at OpenFinance.io.
About OpenFinance Network:
OpenFinance Network is a trading and settlement platform for the alternative asset industry. The platform serves as a conduit between issuers, investors, and industry stakeholders, offering streamlined access to liquidity and asset transfer efficiencies. The team has over fifty years of combined experience in financial markets, exchange technology, and finance law and has operated together since 2014. Securities offered through Sageworks Capital, LLC, an affiliated entity, a registered broker-dealer and a member of FINRA & SIPC.
About Blockchain Capital
Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem. Blockchain Capital has raised and deployed four venture funds, including what it believes to be the first ever token offering of a venture fund (the BCAP tokens) in April of 2017. The firm is based in San Francisco and was founded by serial entrepreneurs and Silicon Valley investors Bart Stephens and Brad Stephens. To learn more, please visit www.blockchaincapital.com and follow us on Twitter @blockchaincap.
Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain, including dividends, distributions, and share buy-backs. Securitize’s innovative Digital Securities Protocol (DS Protocol) enables seamless, fully compliant trading across multiple markets simultaneously. Securitize actively partners with exchanges, broker-dealers, custodians of crypto, escrow services, and other financial infrastructure for digital securities. For more information, visit https://securitize.io.
Securities are offered through Sageworks Capital, LLC, an affiliated entity, and a registered broker-dealer and member FINRA/SIPC. Neither OpenFinance Network, Sageworks Capital, LLC, nor their affiliates provide any investment advice or make any investment recommendations to any persons, ever, and no communication through herein or in any other medium should be construed as such. Securities offered on the OpenFinance Network ATS have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Assets listed herein are securities that are not publicly traded, may be subject to holding period requirements, and are intended for investors who do not need a liquid investment. These investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by OpenFinance Network or its affiliates, and MAY lose value. Investors must be able to afford the loss of their entire investment. Eligibility to buy and sell securities on Open Finance Network depends upon the circumstances of each prospective buyer and seller and the legal requirements applicable to the particular securities offering, in each case as assessed by Open Finance Network. This communication is not an offer of any securities for sale. Offers to sell, or the solicitations of offers to buy any security can only be made through official offering documents that contain important information about risks, fees and expenses. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed herein, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity. Past performance is not indicative of future results. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided herein or through any references/links herein. Any financial projections or returns shown herein are illustrative examples only, and there can be no assurance that any valuations provided are accurate or in agreement with market or industry valuations. Any investment information contained herein has been secured from sources OpenFinance Network and its affiliates believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefore.