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-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, market ‎making, and SEC-compliant environment to provide European Initial Coin Offerings ‎‎(ICOs ) with access to the US accredited investors.‎

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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.

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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.”‎

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