Securitize, a platform that enables security-token offerings (STOs), has entered into an agreement to streamline the listing of issuer tokens on the OpenFinance Network (OFN), a venture-backed platform for trading security tokens on the blockchain.
“The OpenFinance Network is bringing to market something that all of us in the security token space have been waiting for,” said Securitize co-founder and CEO, Carlos Domingo. “They are taking the STO market a step closer to maturity and mainstream adoption.”
Through the agreement, all of Securitize’s customers will be eligible for listing on the OFN platform. The SpiceVC token will be among the first to be listed.
OFN is unique in that it works with leading brokerage houses, custodians, transfer agents, and banks to innovate in the space of alternative assets. Its trading platform technology and the team of securities lawyers and trading veterans seek to bring efficiency, transparency, and interoperability to a fragmented marketplace.
“Entering an agreement with Securitize ensures high quality and compliant security tokens will be available on OFN,” said Juan M. Hernandez, CEO of OpenFinance Network. “Securitize’s clear dedication to expanding and challenging this market makes this relationship a great example of the types of agreements we seek to establish.”