Texture Capital Receives FINRA Approval to Launch Stock Token Trading Platform

Texture Capital has received approval to launch a retail broker dealer and an alternative trading system from the agency for regulating the activities of US financial institutions (FINRA).

In August of this year, the US Securities and Exchange Commission (SEC) stated, that companies and funds attracted $1.5 TRLN through the so -called "rule D", which exempts them from registration of proposals for the sale of securities in some cases. Moreover, most of these securities are then not traded in secondary markets. According to the Director General of Texture Capital Richard Johnson (Richard Johnson), The correct set of technologies can fix it.

“Other market participants tried and achieved a certain success, eg, Nasdaq Private Market, Forge and recently launched Clearlist. This demonstrates the need for institutional access for private companies ", - said Johnson.

In the near future, the company plans to launch a platform for trading incident tokens. Texture Capital believes, which has an advantage through the use of blockchain, and "solves the main problems with the structure of the market of private securities". The release of tokens will increase the efficiency and transparency of private securities. Similarly, the creation of a secondary market directly on the platform will simplify the sale of tokens to investors.

Johnson also hopes, that not related to the blockchain company will appreciate the attractiveness of tokenized securities. Texture Capital wants to attract twenty issuers to the platform in the next six months. For comparison, There are only three of them on tzero. Recall, that in September, the platform for trading tkens Tzero also received the approval of FINRA to launch the retail broker-dealer Tzero Markets.