Digital Asset Exchange OKCoin & SharesPost Partner on Global Security Token Network

SharesPost, a FINRA-registered broker-dealer and ATS, has partnered up with OKCoin a digital asset exchange. The two firms will be working together on SharesPost’s Global Liquidity And Settlement System (GLASS) as exchange nodes. GLASS will provide OKCoin with compliant access to the U.S. investor market. GLASS is a a decentralized liquidity and settlement network for crypto trading platforms and exchanges.

Greg Brogger, Founder and CEO of SharesPost, say the security token market is poised to take off during 2018. By partnering with OKCoin on the GLASS launch they should be able to better facilitate the trading, certification, and custody of security tokens and tokenized assets in a streamlined, cost-efficient manner.

GLASS is said to be a compliant, global network of exchanges and OTC pools facilitating the trading, certification, and custody of security tokens and tokenized assets. Starting with SharesPost’s US ATS (alternative trading system) and OKCoin’s exchange nodes, the duo can serve an expanded user base and supported assets. SharesPost says that as the network grows, OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners, and will be able to soon list security tokens in every major market globally.

[clickToTweet tweet=”OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners, and will be able to soon list security tokens in every major market globally” quote=”OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners, and will be able to soon list security tokens in every major market globally”]

Tim Byun, CEO of OKCoin USA, expects the adoption of digital assets to accelerate and security tokens will play a major role in this growth.

“We’ve always focused on offering customers the broadest choice and a premier user experience. Partnering with SharesPost on GLASS is another opportunity that enables us to continue advancing our customer solution and philosophy on a global scale.”

SharesPost expects to launch its ATS in the US with operational security token support in H2 2018. In Q3, GLASS is expected to issue its own token for use on its platform.

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