Announced last month, Boustead Securities, a broker-dealer, now allows US-based investors to trade dual-listed securities on Upstream – part of MERJ Exchange.
Upstream is a market providing liquidity for digital securities and is actively seeking firms interested in dual listings – IE companies trading on OTC Markets, Nasdaq and the NYSE.
Brian Collins, co-founder of Upstream, said they are excited to work with Boustead describing the firm as a leader in small-cap underwriting and offerings. Boustead has been active in the securities crowdfunding sector, enabling access to capital for private securities under various securities exemptions. It was not immediately clear if it is the intent of Boustead to list shares issued under Reg CF and Reg A+ on Upstream but one should assume that is in the works.
“Boustead will now have alternative and dual listing venues available for Boustead’s issuers and for their customers to trade on a modern retail trading venue,” said Collins.
Keith Moore, CEO of Boustead Securities, said they believe the collaboration represents a significant step forward in democratizing access to global markets:
“We are thrilled to partner with MERJ and Upstream to provide our clients with access to a cutting-edge trading platform that offers next-level transparency, security, and efficiency.”
Investors may now buy shares on the US market and deposit them on Upstream for secondary sale, or vice versa. Investors can trade U.S. and international equities using digital payment rails, credit card, debit card, PayPal, or USD.
Upstream is powered by blockchain technology with 20-hour market days.
US retail investors may now utilize the Upstream app powered by MERJ – a regulated exchange based in Seychelles.