The SharesPost Alternative Trading System executed its first secondary transaction in the BCAP security tokens issued by venture capital firm Blockchain Capital.
That means it’s the first marketplace to enable both secondary trading and custody of digital securities: accredited investors can trade digital securities and custody them in
online brokerage accounts on the SharesPost Marketplace.
SharesPost Founder and CEO Greg Brogger said: “Companies can efficiently raise capital and provide liquidity globally by leveraging blockchain technology in a way that complies with securities laws…We believe that over time digital securities will join preferred and common stock as the mainstays of the private capital market.”
SharesPost is a FINRA registered self-clearing broker-dealer and an SEC registered Alternative Trading System. It supports OTC trading of digital securities, but expects to add an electronic order book.