OpenFinance Launches Regulated Alternative Trading System for Securities Tokens

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

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.…