Templum, Liquid M Capital Create Platform for US ICOsbr>
Blockchain technology firm Templum and affiliate broker-dealer Liquid M Capital are creating a new regulated platform for token-trading focused on the US market.
Liquid M Capital is a financial technology company and broker-dealer registered with the SEC and the Financial Industry Regulatory Authority (FINRA). Liquid M Capital also operates a Quotation Bureau, which permits the publishing of real-time quotations of private unregistered securities.
The platform, also called Templum, will offer both primary issuance of initial coin offerings (ICO) and the secondary trading of both registered and unregistered digital assets as securities through an Alternative Trading System (ATS), a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions.
The Templum platform will utilize Liquid M Capital to create a turn-key solution for the initial issuance and secondary trading of ICOs as unregistered private securities. Templum said its proprietary technology and intellectual property 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.
Templum founder and CEO Chris Pallotta said Templum’s model is designed to build upon ICO innovation by adhering to existing regulations to add the essential element of investor protection.
“We hope to increase widespread acceptance of ICOs that will attract more capital interest in innovative, growth-oriented companies and result in the overall growth of the global digital asset market,” said Pallotta. “We believe that once our platform is fully established it will become the primary destination for transacting in digital assets worldwide.”
Liquid M Capital CEO Vince Molinari said that they’ve long advocated for a strong digital asset ecosystem for both issuers and investors, and sought to preserve the best elements of the ICO community.
“With the DAO report, we can reasonably conclude that most digital assets are likely to be treated as securities by US regulators,” said Molinari. “Templum will meet the need for compliant ICOs and secondary trading liquidity in a single destination.”
ICOs have gained heavy popularity. So far this year, a total of $2.3 billion USD has been raised through ICOs, according to the Coinschedule.com website tracking. That far exceeds the $96.3 million in ICOs for all of 2016, and also has surpassed earliest-stage angel and seed venture capital issued this year.