OpenFinance Network Launches Regulated Security Token Trading Platform

By Swati Kishore

The OpenFinance Network has become the first of its kind to launch a regulated security token trading platform in the United States. OFN announced today that it has successfully moved out of beta to activate the trading functionality.

The trading platform is available in the US and abroad for accredited as well as non-accredited investors. Participants can invest based on their eligibility. The one-time authentication process uses the Investor Passport application.

The Blockchain Capital (BCAP) security token is available to trade at the time of the launch. BCAP is a tokenized VC fund that focuses on digital currencies. Blockchain Capital upgraded their contract in May and became one of the first to issue a security token offering that is compliant. BCAP tokens are powered by a DS protocol which is developed by Securitize. The DS protocol allows the virtual securities tokens to be traded across global exchanges in a compliant manner.

The Chief Executive Officer of OpenFinance Network, Juan Hernandez is a digital currency enthusiast. The passionate believer in security tokenization was quoted as saying,“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 can offer people more opportunities for wealth generation.”

The Co-Founder and Managing Partners of Blockchain Capital, elaborated on the partnership with OpenFinance Network, saying, “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.”

The Co-Founder and CEO of Securitize, Carlos Domingo also spoke some words on the collaboration, saying, “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.”