OpenFinance Rolls Out Third-Party Tokenized Securities in US

OpenFinance Network (OFN), a trading exchange for tokenized securities, is set to launch trading of so-called ‘third-party digital securities’ to US investors, which has been already available to its customers abroad.

The compliant offering is a clearing and settlement platform based on the 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 that lets companies raise capital with security tokens. It also provides secondary market ‎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 for ICO tokens that are offered and sold as securities.

The platform is available to both accredited and non-accredited investors to trade these assets 24 hours a day and seven days a week. OFN verifies investor eligibility through their Investor Passport application which performs a one-time verification process.

OFN’s announcement comes as holding periods for BCAP and SPiCE securities tokens listings have expired. The Ethereum-based tokens were among the first assets available to trade at launch.

BCAP represents a fractional non-voting economic interest in Blockchain Capital’s tokenized venture capital fund focused on digital assets. In turn, SPiCE VC is also a tokenized venture capital that invests in blockchain startups. The fund has its own security token, SPICE, which gives token holders a direct economic interest in the companies that SPiCE invests in.

Investment from Huobi

OpenFinance already offers a platform that manages the entire lifecycle of blockchain-based digital assets, including origination, issuance, exchange, settlement, and redemption. The site claims it will enable all operations in a regulatory compliant manner. Its client roster includes banks, brokerage houses, custodians, and transfer agents serving the alternative markets.

The US-compliant startup has recently announced partnerships with a list of prominent players in the blockchain industry as it seeks to capture a portion of a huge market class that is waiting to be tokenized. Earlier this year, it received a significant investment from Huobi, one of the world’s largest cryptocurrency exchanges.

Commenting on the news, Juan Hernandez, CEO of OFN, said: “The ability for U.S. Investors to trade these digital assets and access liquidity marks a significant next step in the evolution of the digital securities market. We look forward to introducing additional trading opportunities in the near future as our platform expands.”