Securrency, a regtech firm that has created platform designed to streamline regulatory compliance for token offerings, announced on Friday it has formed a strategic partnership with SharesPost, a provider of private company liquidity solutions and private capital markets research, to help drive tokenized securities trading to the SharesPost platform by providing liquidity through SharesPost’s Alternative Trading Platform (ATS). While sharing more details about the partnership, Dan Doney, CEO of Securrency, stated:
“Enabling the issuance of securitized tokens can be complex, especially when it comes to maintaining compliance with regulations in multiple jurisdictions. We’re thrilled to be working together with the innovative team at SharesPost’s Alternative Trading Platform as our technologies deliver essential security and compliance features to support primary offerings and secondary-market trading of tokenized securities across SharesPost’s impressive range of services.”
Securrency reported that the latest partnership continues its “network effect” strategy of partnering with other companies and financial services providers to deliver best-in-breed security and compliance. It was reported:
“Securrency offers a unique Compliance Aware Token that has compliance and transactional rules embedded in a compliance layer to facilitate securities offerings on virtually any distributed ledger or legacy platform. This sophisticated yet user-friendly approach is much more flexible, powerful, and secure than alternative ‘white list’ approaches. In addition, Securrency’s Know Your Wallet™ tools can detect money laundering and other illegal activity, thereby minimizing the risk of bad actor participation in the distribution and trading of tokenized securities.”
Greg Brogger, CEO and Founder of SharesPost, also commented:
“Our new Initial Coin Offering (ICO) platform has grown tremendously since launching earlier this year, and we wanted to ensure our users met compliance regulations without any additional hassle. Partnering with Securrency was an easy decision, as they seamlessly integrated into our platform and help our customers to create compliant Security Token Offerings (STOs).”
Doney added:
“SharesPost’s visionary leadership rightly understands the need to create attractive liquidity options for investors, a vision that has also been at the core of Securrency’s technology solutions since our inception three years ago. Through our strategic partnership with SharesPost, issuers and investors have immediate access to a secure and fully-compliant end-to-end marketplace for tokenized securities.”
