SharesPost has executed its first secondary transaction in Blockchain Capital’s BCAP security tokens, becoming the first marketplace that enables secondary trading as well as custody of digital securities, SharesPost announced in a press release. From now on, accredited investors will be able to trade digital securities on SharesPost Marketplace as BCAP becomes the first tokenised security available there.
SharesPost Founder and CEO Greg Brogger said: “This is an important milestone for the digital securities ecosystem. Now companies can efficiently raise capital and provide liquidity globally by leveraging blockchain technology in a way that complies with securities laws. We are very excited to be connecting the more than 50,000 institutional and individual accredited investors using the SharesPost marketplace with companies and funds like Blockchain Capital that are leading the way. We believe that over time digital securities will join preferred and common stock as the mainstays of the private capital market.”
SharesPost has also announced it’s planning to add real-time trading via a fully electronic order book soon.