OpenFinance trading platform announced a regulated alternative trading system (ATS) for security-tokens.
According to the news reports, the new service will enable US licensed investors to buy/sell digital assets. The CEO of OpenFinance Juan Hernandez noted that nonaccredited retail investors will also have access to ATS and trade certain assets, though the holding period of the assets must be 1 year.
The soft launch of the system was made a few weeks ago when future users could pass registration, verification and other KYC/AML measures. OpenFinance started trading yesterday.
SPiCE VC (SPX) was the first token to be traded on the ATS, with Science, Protos, MintHealth, Corl, Bloxroute and Property Coin to be added in the near term. As the company representative said any token covered by Regulation D, S, A+ or CF exemption can be traded on the platform.
"Our partners are all security tokens that have the necessary smart contract infrastructure in place to be able to trade on our platform," company CEO commented.
For reference, OpenFinance is not the only company that targets ATS. Bittrex , Coinbase, Overstock expressed similar intentions willing to achieve legal security-tokens trading on the regulated platform in the USA.