The blockchain-based platform prepares to open trading to U.S.
Investors in Q2 2019 as required holding periods have expired for
Blockchain Capital (BCAP) and SPiCE
CHICAGO–(BUSINESS WIRE)–Openfinance, the first U.S. regulated platform for the secondary market
trading of digital alternative assets, announced today that it will
become the first and only digital security trading platform to open
trading of third-party digital securities to U.S. Investors. The
announcement was made during a presentation given by the company’s
founder and CEO, Juan Hernandez, at Consensus 2019.
The announcement follows the expiration of required holding periods for
two of its securities token listings: BCAP and SPiCE. Upon trading
commencement, Accredited and Non-Accredited U.S. Investors will be
eligible to trade these assets 24 hours a day and seven days a week.
“Designed to act much like a traditional trading platform, Openfinance
provides a broad set of third-party digital securities to investors –
offering enhanced versatility and added liquidity to all of its users,
which will soon include U.S. Investors along with our already active
global users,” said Juan Hernandez, founder & CEO of Openfinance. “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. We look forward to introducing additional trading
opportunities in the near future as our platform expands.”
While BCAP and SPiCE will soon be available to all Openfinance users,
the other assets listed on the platform still have active holding
periods and are only available to Non-U.S. investors at this time. As
those holding periods expire, they will then be available to U.S.
Investors. Additionally, Openfinance will continue to work closely with
regulators to ensure every trade meets strict compliance and regulatory
standards.
“While alternative assets have traditionally been available to a small
subset of eligible investors, Openfinance is democratizing the space and
making these opportunities available to a broader universe,” mentioned
Hernandez.
As more securities tokens become available to U.S. Investors on the
Openfinance platform, digital securities issued by private companies
will remain subject to securities laws including shareholder limits. One
of Openfinance’s goals is to become an ongoing resource for investors
looking to better understand the rules and regulations that govern the
trading of unregistered securities. Current and prospective investors
can begin to learn more by visiting OpenFinance.io.
U.S.-based, Non-U.S., and Non-accredited investors are invited to sign
up on the Openfinance platform to gain access to current and future
investment opportunities which are added to the platform regularly.
Visit www.openfinance.io
for more information.
About Openfinance:
OpenFinance is the first U.S.-regulated platform for the secondary
market trading of digital alternative assets. The platform enables
market participants to buy, sell and list a range of alternative assets
in the secondary market in a more efficient and secure way. It also
provides access to investment opportunities and liquidity in the $8.8+
Trillion alternative asset market that were not previously available.
Backed by a team of industry veterans and technologists, OpenFinance
Network represents the next evolution of alternative asset investing.
For more information, visit www.openfinance.io.
Securities offered through Sageworks Capital, LLC, Member FINRA/SIPC.
Contacts
Liz Whelan
On behalf of Openfinance
312.315.0160
[email protected]
