Openfinance, the first U.S. regulated platform for the secondary market trading of digital alternative assets, announced 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.
“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.
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.