Technology firm Templum and affiliate broker-dealer Liquid M Capital are going to launch a regulated platform for token trading, CoinDesk reported.
Also called Templum, the platform will offer both primary issuance of Initial Coin Offerings (ICOs) and the secondary trading of both registered and unregistered digital assets as securities through an Alternative Trading System (ATS). The announcement follows the launch of an ATS by Overstock subsidiary tØ.
The new platform aims to offer access to the full lifecycle of cryptocurrency security tokens. It will be regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
"Templum's model is designed to build upon ICO innovation by adhering to existing regulations to add the essential element of investor protection," said Chris Pallotta, founder and chief executive officer, Templum. "By doing so, we hope to increase widespread acceptance of ICOs that will attract more capital interest in innovative, growth-oriented companies and result in the overall growth of the global digital asset market. We believe that once our platform is fully established it will become the primary destination for transacting in digital assets worldwide."
Vincent Molinari, CEO of Liquid M Capital, said that bringing digital tokens under existing securities law will provide a number of benefits to both issuers and investors.
“We've long advocated for a strong digital asset ecosystem for both issuers and investors, and sought to preserve the best elements of the ICO community," said Molinari. “With the DAO report, we can reasonably conclude that most digital assets are likely to be treated as securities by U.S. regulators. Templum will meet the need for compliant ICOs and secondary trading liquidity in a single destination.”
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