latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Figure Securities Becomes SEC-Registered Alternative Trading System

Figure Securities Becomes SEC-Registered Alternative Trading System
Figure Technologies Inc. announced today that its subsidiary, Figure Securities Inc., has become a FINRA-approved broker-dealer.

Additionally, Figure Securities becomes an SEC-registered Alternative Trading System for digital securities custodied on Provenance blockchain . 

Provenance is a production blockchain for the financial services sector. The blockchain has over 180 current members using it for global financial transactions. Hash serves as the security token for Provenance, offering exposure to virtual equity in the blockchain. Provenance Blockchain is the administrator of Provenance. 

Secondary liquidity to private entities

The new alternative trading system will allow Figure’s blockchain-based cap table management solution to offer secondary liquidity to private entities. Also, asset issuers will be able to create security tokens on Figure’s blockchain, Provenance, which will be tradable in a liquid and bilateral way .

Another advantage is the ATS will allow Figure’s blockchain digital fund services solution in order to give fund managers the chance to offer secondary trading capabilities directly to fund their LPs. 

Alternative Trading Systems are used to bring securities buyers and sellers together. They generally perform the functions that are handled by a traditional exchange and, as of 2018, 20% of securities transactions take place on such ATSs.

FINRA is approved by the U.S. government to shield America’s investors by making sure all broker-dealers operate ethically. These broker-dealers are responsible for buying or selling securities. Sometimes they buy for themselves and other times on behalf of their customers. FINRA oversees more than a half-million such brokers nationally and handles billions of market events each day.  
The post Figure Securities Becomes SEC-Registered Alternative Trading System appeared first on BeInCrypto . shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News