OKCoin exchange becomes first exchange node for global tokenized asset trading and custody network
SharesPost, a leading provider of private company liquidity solutions and private capital markets research, has announced that OKCoin will be joining SharesPost’s Global Liquidity And Settlement System (GLASS) as exchange nodes. In conjunction with SharesPost’s existing Alternative Trading System (ATS), GLASS will provide OKCoin with compliant access to the U.S. investor market.
“With the security token market poised to take off in 2018 and beyond, we’re thrilled to be partnering with OKCoin on the upcoming launch of GLASS,” said Greg Brogger, Founder and CEO of SharesPost. “As one of the leading global digital asset exchanges, OKCoin will be an instrumental partner as we build a new, decentralized network that can facilitate the trading, certification, and custody of security tokens and tokenized assets in a streamlined, cost-efficient manner.”
GLASS is a compliant, global network of exchanges and OTC pools facilitating the trading, certification, and custody of security tokens and tokenized assets, beginning with SharesPost’s US ATS and OKCoin as initial exchange nodes. With GLASS, both SharesPost and OKCoin can serve expanded user bases and supported assets — particularly private growth equity assets, tokenized assets, and other emerging security products. As the network grows, OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners, and will be able to soon list security tokens in every major market globally .
“The adoption of digital assets will continue to accelerate, and security tokens are going to play a major role in that growth in the years ahead,” said Tim Byun, CEO of OKCoin USA. “We’ve always focused on offering customers the broadest choice and a premier user experience. Partnering with SharesPost on GLASS is another opportunity that enables us to continue advancing our customer solution and philosophy on a global scale.”
SharesPost is a global leader in the private securities market, with a strong track record of supporting technology unicorn shares and growth equity assets. It is also a FINRA-registered broker-dealer, and its ATS in the US will be launching with operational security token support in H2 2018. OKCoin is a leading digital asset exchange focused exclusively on fiat to cryptocurrency trading pairs.