Tokenization Startup Smartlands Partners With FINRA-Licensed Broker-Dealer IIP Securitiesbr>
UK-based security token issuance platform Smartlands has teamed with US-based broker-dealer IIP Securities to bring its security token crowdfunding model to accredited US investors.
Smartlands’ platform is designed to bring together companies and investors by creating low-risk blockchain-based securities backed by real estate assets, agriculture assets and assets in other sectors of the economy. It is built on the Stellar network and employs advanced blockchain technology with secure transactions and extended capabilities.
In a press release, Smartlands announced that it has signed a Cooperative Agreement with IIP Securities, which will enable it to leverage IIP’s broker-dealer license to access US capital markets. The move will reportedly allow Smartlands to comply with the applicable in US regulatory requirements and sell securities issued on the Platform to accredited US investors.
“Initially, the talks with IIP Securities revolved around our Joint Venture program,” said Smartlands CEO Ilia Obraztsov. “But eventually we have broadened the scope of the discussion and are now examining several options far beyond the broker-dealer licence agreement. Allowing US citizens to purchase securities issued on Smartlands compliantly has always been an essential part of our roadmap for global development, and we’re happy that this stage of our plan is now complete.”
According to Smartlands, the company also plans to open a US office and acquire a major share in IIP Securities in order to fortify its position on the US market.
“The agreement with IIP Securities would allow Smartlands to meet one of the company’s main challenges of broadening and diversifying the current investor base,” said Smartlands CMO Yaroslava Tkalich. “We have already created a proprietary solution for fractional ownership of the real economy assets for most jurisdictions around the world. Today, working with a FINRA-licenced broker-dealer, we’re in a position to provide US investors with a huge array of brand new opportunities.”