The key provider of private company liquidity solutions SharesPost and regulated exchange OKCoin have reportedly entered into a partnership agreement for Global Security Token Network.
SharesPost has stated this week that OKCoin will be added to the company's Liquidity And Settlement System (GLASS) as an exchange node.
The platform will be "the first exchange noder for global tokenized asset trading and custody network".
"With the security token market poised to take off in 2018 and beyond, we’re thrilled to be partnering with OKCoin on the upcoming launch of GLASS...OKCoin will be an instrumental partner as we build a new, decentralized network that can facilitate the trading, certification, and custody of security tokens and tokenized assets in a streamlined, cost-efficient manner,” noted the founder and CEO of SharesPost in the company statement.
In fact, this cooperation will open for OKCoin a door for the trading of tokens to US-based investors in line with the US SEC requirements.
“The adoption of digital assets will continue to accelerate, and security tokens are going to play a major role in that growth in the years ahead,” commented Tim Byun, CEO of OKCoin USA.
According to the released reports, beta launch of GLASS is slated for Q3 2018, payment system – Q4 2018 and 100% launch of liquidity pool is planned in Q3 2019.
As it was reported earlier, OKCoin exchange announced its American fiat-to-crypto division early this month.