Digital Token Exchange Claims First SEC-Compliant Trade
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Templum LLC, which operates a digital-assets exchange, said it executed the first trade on its platform, which complies with U.S. securities regulations. The trade was between two institutions that exchanged BCAP tokens issued by digital assets investment firm Blockchain Capital LLC.
“We believe this is the first security token to trade in a fully compliant platform,” Chris Pallotta, co-founder and chief executive officer of Templum, said in an interview. “We’re embracing regulation to provide a secure market and a level of comfort for both investors and issuers that hasn’t been the norm in the digital assets market so far.”