OpenFinance is a trading platform for tokenized securities. The firm is an experienced and trusted player in the alternative assets space since 2014. The aim to develop its regulated and efficient trading platform is to make security token trading more liquid and accessible. The OFN platform is available to accredited and non-accredited investors both in the U.S. and abroad.
The trading platform has now moved forward from beta to full trading functionality, becoming the first to launch a live, regulated security token trading platform in the United States. OFN works directly with the investors who hold assets in the $7.7T alternative asset market. This includes hedge funds, private equity, limited partnerships, business development companies (BDCs), Regulation D, Regulation A+, Regulation CF and other crowdfunded assets.
The primary benefit of the OpenFinance Network is that it has the capability to leverage the strengths of blockchain technology in a compliant fashion that is in-line with the regulatory framework of financial markets. The platform is currently working with Harbor’s R-token, Securitize’s DS protocol, Polymath’s ST20, and our own Smart Security Standard.
Available Tokens for Trading
One of the first security tokens available to trade at the launch is Blockchain Capital (BCAP), a tokenized venture capital fund which focuses 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.
Comments From the Top Management
Juan Hernandez, CEO of OFN said “2018 is said to be the year of security tokens, but, for us, this is only the beginning.” “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.” added Hernandez.
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.”
What do you think about this recent launch of security token trading platform by OpenFinance? What role will it play in the growth of security token industry? Let us know your thoughts in comments.