Tag: OpenFinance

INX’s acquisition of security token platform OpenFinance almost complete

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Crypto IPO issuer INX has announced that its acquisition of security token offering platform OpenFinance is almost complete. According to an email sent to OpenFinance users, the parties are now just awaiting regulatory approval to complete the change in ownership. INX — which is licensed by the U.S. Securities and Exchange Commission — expects its digital asset and securities trading platforms will be launched “in the next few months.” The acquisition will see INX take on OpenFinance’s broker-dealer and alternative trading system, or ATS, business, including all licenses, digital asset…

Openfinance Lists New Security Token in Charity Fundraising Effort

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Openfinance, a platform for secondary market trading of digital assets, is listing Lottery.com’s LDCC security token for U.S. investors. Both accredited and unaccredited investors can buy and trade the LDCC token on Openfinance’s alternative trading system (ATS), the company announced Wednesday. Issued on the ethereum blockchain, the token was designed to entice investors into raising funds for charities across the globe. “We believe that digital security offerings are the future of fundraising. The transparency inherent in this type of offering aligns with our overall mission,” Lottery.com CEO Tony DiMatteo said…

OpenFinance Launches Regulated Alternative Trading System for Securities Tokens

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OpenFinance, a security token trading platform, has launched a regulated alternative trading system (ATS) for security tokens, according to information shared with Cointelegraph August 29. In the U.S. and Canada, an ATS is a non-exchange trading venue that that matches buyers and sellers to find counterparties for transactions. They are usually regulated as broker-dealers instead of as exchanges. In an email, Juan Hernandez, CEO at the U.S.-based OpenFinance, confirmed to Cointelegraph that the company has created the trading system, noting that the official press release will appear later on the…

OpenFinance Launches Regulated Trading Platform for Security Tokens

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Trading platform OpenFinance has launched a regulated alternative trading system (ATS) for security tokens, CEO Juan Hernandez announced Tuesday. Accredited investors in the U.S. can now purchase or trade the digital assets on OpenFinance’s platform, though after a 12-month holding period. Retail investors who cannot receive accreditation may also be able to trade certain assets, Hernandez told CoinDesk. The platform soft-launched several weeks ago, he said, to allow buyers and sellers to register and complete their anti-money laundering and know-your-customer procedures, with today’s announcement marking the start of actual trading.…