SharesPost, a private company liquidity solutions and private capital markets research provider, has joined forces Security Token Offerings advisory firm Satis Group LLC d/b/a Corinthian Partners LLC. Satis is the first partner participating in SharesPost’s newly-launched global Advisor Partner Program. The partnership aims to result in a referral relationship between the two firms, whereby Satis will refer security token issuer clients to SharesPost for ICO’s and secondary trading on its Alternative Trading Platform (ATS), and SharesPost will refer its issuer clients to Satis for end-to-end advisory services.
“For SharesPost, partnering with a leading advisory group like Satis is the perfect way to launch our Advisor Partner Program. Satis will augment its full-suite of advisory services with SharesPost’s ICO and secondary trading marketplace,” noted SharesPost Founder and CEO Greg Brogger. “So issuers will get the benefit of both Satis’ expertise with deal structuring, token economics, and investor outreach and online distribution to SharesPost’s 50,000 accredited investors. We believe that this combination of expert advisory services and compliant transactional platform is exactly what security token issuers have been looking for.”
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A security token marketplace in H2 2018 is also in the works for SharesPost, leveraging its current, operational ATS and experience in the private capital market to provide primary issuers with a primary issuance platform and an accessible secondary trading venue. Satis Group has reportedly advised on the sale of more than $100 million worth of tokens, including security tokens BCAP, Science Blockchain, and Protos. The firm will now be able to provide its full-suite of advisory services to issuers who plan to issue and trade on the SharesPost security ATS, optimizing the issuers’ offering execution and providing them a compliant secondary trading platform.
“SharesPost is a trusted name with private growth companies and entrepreneurs and has integrated appropriate regulatory compliance into its platform,” indicated Satis Group Co-Founder and General Counsel Emma Channing. “We think that there is an extraordinary future for security tokens but key to that are compliant issuance and secondary trading platforms and SharesPost is a leader in the space. We couldn’t be more delighted to partner with this highly-reputed and respected platform.”
The current agreement includes a two-way preferred arrangement between SharesPost and Satis Group in the U.S. market. In 2009, SharesPost, a FINRA-registered broker-dealer, SEC registered Alternative Trading System and Registered Investment Advisor, launched the first online secondary market for private technology company shares. Since then, SharesPost has connected thousands of buyers and sellers in more than $4 billion worth of transactions in the shares of more than 200 leading technology companies. In 2017, SharesPost managed its first Initial Coin Offering and in 2018 announced plans to integrate trading of digital securities into the SharesPost platform.
In other news, Ripple vet Vijay Chetty recently joined SharesPost as its new Vice President of Business Development.