SharesPost has launched a new Digital Securities Group allowing token issuers and investors to use SharesPost’s existing Alternative Trading System to invest in ICO’s and trade in digital securities in compliance with US securities laws.
Entrepreneur and private market investor, John Wu, has been named CEO of the Digital Securities Group. His group will work with SharesPost Financial Corp to manage security token ICO’s on the platform and secondary trading of digital assets.
Investors will benefit from SharesPost’s proven transaction capabilities in unregistered securities and the digital custody capability of SharesPost’s Private Brokerage Accounts. Investors will also be able to view investment research and transaction data on leading token issuers.
“We are very pleased that the blockchain services and technology offered by our Digital Securities Group will enable greater scale, transparency and liquidity and so contribute to a better private capital market,” says Greg Brogger (pictured), Founder and CEO of SharesPost.
Prior to SharesPost, Wu launched the SEGO fund to invest in digital currencies and securities; its predecessor fund, Sureview, was backed by the Blackstone Group. He was also previously a portfolio manager at Weiss Multi-Strategy Advisers, Kingdon Capital and Tiger Management.
Wu, who is on the Advisory Boards of multiple blockchain companies, says: “SharesPost occupies a unique niche within the rapidly expanding token ecosystem. I’m excited to be able to focus all of SharesPost’s existing transaction capabilities, technology and regulatory infrastructure in support of blockchain companies.”
Also joining SharesPost Digital Securities Group as its technology lead is Noah Thorp. Thorp has long been an active member of the Bay Area blockchain development community. He founded and architected CoMakery, a token issuance and administration platform for online collaborators. In addition, Thorp was VP of Engineering for the Nasdaq Private Market launch team.