SharesPost announced enhancements to their platform, enabling a compliant access to trade “Digital Securities” or “Security Tokens”. The first security they plan to support is units of the Blockchain Capital fund. SharesPost is a marketplace for private growth companies and has done $4.5B in transactions since 2009. Those transactions have been for 250 companies, including RobinHood, Docker, and 23andMe.
The platform has “over 50,000” institutions and accredited investors.
A press release announced on their site has more information. From the release…
We believe that over time digital securities will join preferred and common stock as the mainstays of the private capital market.
Greg Brogger, SharesPost Founder and CEO
Will the data of transactions be public? What standards will these “Security Tokens” follow?
A Token Index
SharesPost started tracking a Token Index, last year. The weights for today are shown below. They claim that companies issuing tokens are “typically younger than a venture-backed startup and have raised capital by selling tokens”.
