SharesPost Forms Partnership With Lightyear.io to Implement Stellar Decentralized Exchange to GLASS

SharesPost, a private company liquidity solutions and private capital markets research provider, announced on Tuesday it has formed a partnership with  Lightyear.io, a software company that develops applications and infrastructure for the Stellar ecosystem, to implement Stellar Decentralized Exchange to SharesPost’s Global Liquidity and Settlement System (GLASS) as an exchange node.

SharesPost describes GLASS as a compliant, global network of digital exchanges and OTC pools facilitating the trading, certification, and custody of security tokens and tokenized assets, beginning with SharesPost’s U.S. ATS and Stellar as an initial exchange node. The company noted that With GLASS, it, Lightyear, and Stellar can serve expanded user bases and supported assets, which are particularly private growth equity assets, tokenized assets, and other emerging security products. While sharing details about the partnership, Greg Brogger, Founder and CEO of SharesPost, stated:

“Lightyear and Stellar will be key partners for SharesPost as we gear up for the launch of GLASS. With their support and expertise, we will add high quality assets to the GLASS network and be one step closer to a global system for trading security tokens and tokenized assets.”

Boris Reznikov, Director of Partnerships at Lightyear.io, then added:

“We believe security tokens will play a key role in shaping what the global financial markets will look like in the next couple of years. We’re excited to be partnering with SharesPost on GLASS to play a key role in the development of this new paradigm, and to be able to provide a critical compliance umbrella for security tokens on the Stellar Distributed Exchange.”

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