South Korea’s top cryptocurrency exchange Bithumb has signed a deal with seriesOne, a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday.

seriesOne chose Bithumb as a technology partner, as they possess the know-how to build a tokenized security exchange.
Companies must acquire an Alternate Exchange (ATS) license from the US Securities and Exchange Commission to be compliant and to acquire a license, it is necessary to have a partner who has the relevant technology.

Commenting on the apparent move, an official from the aforementioned South Korean cryptocurrency platform told Yonhap:

“SeriesOne actively sought to strike a deal with Bithumb after assessing it as the most suitable partner… Bithumb will ramp up efforts to develop into a global financial firm as the blockchain-based asset tokenization is expected to spread globally down the road.”

Upon successful creation, seriesOne plans to propose to the Securities and Exchange Commission (SEC) for the securities token to be listed in the US stock trading market and to have it publicized on NASDAQ within the second half of next year.

Bithumb Partners with seriesOne to Create a U.S. Security Token Exchange

Read More Via the Link Below


Like it? Share with your friends!

510
1.1k shares, 510 points

What's Your Reaction?

lol lol
66
lol
scary scary
666
scary
omg omg
600
omg
wtf wtf
466
wtf
win win
333
win
fail fail
266
fail
Love Love
200
Love
hate hate
600
hate
confused confused
133
confused

Leave a Reply

avatar
  Subscribe  
Notify of
Choose A Format
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Image
Photo or GIF
Video
Youtube, Vimeo or Vine Embeds
Gif
GIF format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Countdown
The Classic Internet Countdowns