AX Trading LLC (AX), a technology-enabled registered broker-dealer and Alternative Trading System (ATS) operator, today announced a strategic partnership with Securrency, Inc. Securrency, a provider of financial and regulatory technology products for the tokenized issuance and trading of digital securities.
Through this partnership, Securrency’s dynamic technology solution will allow AX clients to conduct secure and regulatory-compliant primary Digital Security Offerings (DSOs) and enable security tokens to eventually be listed and traded on the AX ATS, a regulated secondary trading market. AX intends a complete integration of Securrency’s proprietary Rules Engine and Compliance Aware Token (CAT) standard – helping to foster the adoption of a global compliance standard.
George O’Krepkie, AX CEO said: “We are confident that the combination of AX’s market experience and regulatory stack with Securrency’s industry-leading technology offers the market a premier platform to issue and trade digital securities in a secure and compliant way. We selected Securrency as a technology partner because of its strong emphasis on regulatory compliance as well as a wide range of supporting capabilities that we did not find anywhere else in the market.”
Jeff Truitt, Chief Corporate Development Officer of Securrency said: “We have a pipeline of digital security offerings, and most of our issuers are looking for venues offering secondary liquidity. AX brings institutional connections to the digital securities market and provides new avenues for adoption, and George O’Krepkie has decades of financial expertise that will benefit the entire market for digital securities.”
The AX Trading team has built several trading and liquidity solutions across the global fixed income and equity markets. O’Krepkie went on to say, “AX Trading and Securrency share a common view of the importance of blockchain-based digital securities technology to the traditional financial markets.”
It is expected that the first digital security offering may commence as soon as January 2019, and that the AX Trading ATS may be ready to list digital securities in 2019.
Please visit www.AXtrading.com and www.securrency.com to learn more.
About AX Trading LLC
Member of FINRA and SIPC
The AX Trading Network is the market’s first “Electronic Trading Network” (ETN), allowing institutional traders to proactively connect and trade with other counterparties in a secure environment. In today’s trading world, where more and more liquidity is being withheld from the market, AX provides a way for institutional traders to proactively reach out to targeted counterparties in a way that protects their trading intentions and their identity. AX Trading, LLC is an SEC-registered broker-dealer and Alternative Trading System (ATS). AX can be reached at 917-262-0388 and at www.AXtrading.com.
Securrency is a veteran-owned and operated technology products company that delivers a complete suite of security and compliance tools to issuers, broker-dealers, and alternative trading system (ATS) operators to enable the issuance, maintenance, and secondary trading of tokenized securities. Securrency has developed a unique Compliance Aware Token™ that embeds regulatory and transactional rules in a compliance layer to facilitate legally-compliant securities offerings in the United States and globally. Securrency’s protocol can be utilized on the Ethereum, Stellar, Ripple, EOS and other distributed ledgers, as well as on legacy systems, allowing for seamless on-chain and off-chain movement of tokens. Securrency was formed in 2015 by U.S. national security and technology experts to enable the free trading of previously illiquid asset classes through compliance and unparalleled interoperability. Securrency offers secure, scalable FinTech/RegTech tools either as individual modules or as a customized venue for listing securities via Security Token Offerings (STOs) while providing global KYC (Know Your Customer), identity-proofing, sophisticated user-credentialing, and jurisdictional compliance for access to investors.
Mulry Consulting LLC