Blockchain Startup Templum ‎Gets into An Agreement to Buy US Broker ‎Dealer

Templum is already affiliated with Liquid M Capital to ‎launch a regulated platform for token trading on ‎US ‎market. ‎

New York-based blockchain startup Templum has inked an agreement with ‎Liquid Markets Group to buy its broker dealer and alternative trading system (ATS), Liquid M Capital, as the startup is hoping to develop both primary ‎and secondary markets around digital tokens.‎

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Templum is already affiliated with Liquid M Capital as both entities joined forces to ‎launch a new regulated platform for token trading focused on the US ‎market. The digital asset platform, known as Templum, will offer both primary ‎issuance of ICOs and the secondary trading of crypto coins as securities through ‎Liquid M Capital’s ATS.‎

Switzerland-based trade.io also announced in December that it has entered into a memorandum of understanding to negotiate the ‎terms for the acquisition of a New York City based broker/dealer.‎

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Effectively, both firms hope to see its regulated systems attract more ‎professional and institutional investors to a market that has raised more ‎than $4 billion in 2017‎.

The ‎acquisition of the broker dealer will be subject to regulatory approval by ‎the US regulators and other customary terms.

‎The action allows Templum ‎to utilize the acquired firm’s capabilities to create a turn-key solution for the initial ‎issuance and secondary trading of ICOs as unregistered private securities. ‎Templum’s proprietary technology combined with Liquid M Capital’s ATS will ‎provide ICO investors with the first of its kind platform for the sale and ‎secondary trading of digital tokens.‎

Commenting on the news, Vince Molinari, CEO of Liquid Markets Group, said: “The combination of Templum’s team, ‎technology prowess, and capital with Liquid M’s Alternative Trading System, Quotation ‎Bureau, and Qualified Matching Service for digital assets as securities will position ‎Templum to drive the evolution of this asset class. We believe Templum’s platform, ‎standardization, and commitment to investor protection will make Templum the leader in ‎facilitating the offering and secondary trading of digital assets offered as securities.”‎

Chris Pallotta, founder and CEO of Templum, added: “We are pleased to ‎bring together this group of distinguished former regulators, financial services ‎professionals and technologists with a wealth of experience in the regulation of securities, ‎digital assets, trading and technology expertise to our Advisory Board to collaborate on ‎emerging issues in our space, and to advise our company on the development of our ‎platform and processes.”‎

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