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).