BlockEx and GBCM Team Up to Provide US Investors with Access to ICOs Tokens
- BlockEx’s wants to stay on the right side of the law, only offering their token to accredited investors.
BlockEx, a platform provider for Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based digital assets, is teaming up with FINRA-registered broker-dealer GB Capital Markets Inc to allow trading of security tokens issued in ICOs in compliance with US regulations.
The joint venture will be built in a collaboration that draws on the distinct strengths of each company. Specifically, the partnership will combine BlockEx’s blockchain-based trading platform with GBCM’s ability to provide Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, market making, and SEC-compliant environment to provide European Initial Coin Offerings (ICOs ) with access to the US accredited investors.
BlockEx’s wants to stay on the right side of the law, only offering their token to accredited investors, and working with a regulated broker-dealer. BlockEx offers a platform that “manages the entire lifecycle of blockchain based digital assets, including origination, issuance, exchange, settlement, and redemption,” according to its website.
The move comes just as the US Securities and Exchange Commission is seeking legitimate platforms serving as trading venues for digital assets.
This topic has received much attention since the SEC made clear that any digital token with an income stream is a security, and furthermore that any entity wants to become an ATS needs to register with the SEC as a broker-dealer and become a member of a self-regulating organization, such as the FINRA.
Commenting on the partnership, Adam Leonard, CEO at BlockEx said: "We are delighted that the European market for ICOs and other digital asset tokens will now be open to US purchasers in a way that is compliant with US law. We expect the service to be available within 90 days."
Scott Rothman, President at GBCM, added: "Both GB Capital Markets and BlockEx believe that the market for digital assets should be well regulated, and we're happy to partner to bring this to the US."
BlockEx, a platform provider for Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based digital assets, is teaming up with FINRA-registered broker-dealer GB Capital Markets Inc to allow trading of security tokens issued in ICOs in compliance with US regulations.
The joint venture will be built in a collaboration that draws on the distinct strengths of each company. Specifically, the partnership will combine BlockEx’s blockchain-based trading platform with GBCM’s ability to provide Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, market making, and SEC-compliant environment to provide European Initial Coin Offerings (ICOs ) with access to the US accredited investors.
BlockEx’s wants to stay on the right side of the law, only offering their token to accredited investors, and working with a regulated broker-dealer. BlockEx offers a platform that “manages the entire lifecycle of blockchain based digital assets, including origination, issuance, exchange, settlement, and redemption,” according to its website.
The move comes just as the US Securities and Exchange Commission is seeking legitimate platforms serving as trading venues for digital assets.
This topic has received much attention since the SEC made clear that any digital token with an income stream is a security, and furthermore that any entity wants to become an ATS needs to register with the SEC as a broker-dealer and become a member of a self-regulating organization, such as the FINRA.
Commenting on the partnership, Adam Leonard, CEO at BlockEx said: "We are delighted that the European market for ICOs and other digital asset tokens will now be open to US purchasers in a way that is compliant with US law. We expect the service to be available within 90 days."
Scott Rothman, President at GBCM, added: "Both GB Capital Markets and BlockEx believe that the market for digital assets should be well regulated, and we're happy to partner to bring this to the US."