Bitcoin Glboal News (BGN)
August 02, 2018 -- ADVFN Crypto NewsWire -- GLASS (Global Liquidity and Settlement System) is
a new platform from SharesPostthat will give
cryptocurrency exchanges the ability to settle compliant trades in
any jurisdiction, increase liquidity and benefit from the existing
network. SharesPost facilitates growth in late-stage, private
companies and their leadership by providing liquidity and
publishing private market data, research and valuation tools. More
than 150,000 investors are registered with SharesPost, including
more than 50,000 institutions and accredited investors.
Streamlining Regulatory
Compliance
The network will take care of
regulatory compliance, allowing exchanges function internationally.
Each jurisdiction/country will feature one or more licensed
entities (e.g., broker-dealer, Alternative Trading System, etc.) on
the network to settle trades in that jurisdiction.
Increasing
Liquidity
To increase transaction volume,
token trading platforms will submit buy and sell orders for some or
all of their tokens to the network. The network will connect buyers
and sellers from different exchanges, pooling the collective
liquidity of participating exchanges.
Other Platform
Features
A marketplace for security and
utility token issuers will be integrated into the existing
SharesPost data research and investment tools. It will provide
access to ICOs and secondary trading. The system will connect
directly to SharesPost’s brokerage accounts, which are licensed to
manage fiat, cryptocurrency, and securities, whether traditional or
digital
SharesPost
After launching in 2009 SharesPost
ahs pioneered online trading of shares of private growth companies.
The platform has matched thousands of buyers and sellers totaling
over $4 billion share transactions of 200 leading private
companies, notably Facebook, Tesla, Twitter, LinkedIn and Alibaba.
The company is perfectly established to build out the new GLASS
network for business success, but more importantly, regulatory
compliance.
The SharesPost’s U.S. trading
platform has offices in New York and San Francisco, and is licensed
by the U.S. Securities Exchange Commission as an Alternative
Trading System (ATS), and by the Financial Industry Regulatory
Authority (FINRA) as a clearing broker-dealer. A business
development subsidiary is licensed and operating in Hong Kong, with
similar subsidiaries in Singapore and Dubai working with regulators
to gain licensing. Licensed broker-dealer subsidiaries in London
and Berlin are planned as well.
Newest Member -
OKCoin
OKCoin launched service to U.S. citizens earlier
this month, after they opened an office in San Francisco on June 1,
2018.
By: BGN Editorial Staff
News:
GLASS (Global Liquidity and
Settlement System)
SharesPost