Our path to listing SEC-regulated crypto securities

Re:Our path to listing SEC-regulated crypto securities by koolba on Wednesday June 06, 2018 @08:46PM (#17252374)

> If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This step forward is being made possible by our acquisition of a broker-dealer license, an alternative trading system license (ATS), and a registered investment advisor (RIA) license.

> ...

> This is all being enabled by our acquisition of Keystone Capital Corp., Venovate Marketplace, Inc., and Digital Wealth LLC.

If I’m understanding this correctly it’s very impressive. They were able to acquire existing companies with those licenses and convince the SEC to let them retain and expand them to cover the entire business. It’s like the reverse acquisitions of small banks to enable a new player into the tightly regulated bank market (which is an incredible pain to get new approval for), but now applying it to crypto.

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Re:Our path to listing SEC-regulated crypto securities by JumpCrisscross on Wednesday June 06, 2018 @10:38PM (#17252830)

This is relatively standard practice in the broker-dealer space. (It’s how I started my first company.)

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Re:Our path to listing SEC-regulated crypto securities by thisisit on Wednesday June 06, 2018 @11:18PM (#17252990)

Interesting.

Slight off-topic looking at your profile, it says "Trade private equity stakes in technology companies". Curious how does that work?

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Re:Our path to listing SEC-regulated crypto securities by anonu on Thursday June 07, 2018 @08:56AM (#17255333)

You need to know a lot of people. Connect buyers and sellers. Maybe look for a cofounder of a successful business who wants out and find a strategic VC or other firm who wants in. Should be able to understand the product and build/show the value proposition in numbers. Maybe that means looking at financials and building projections for your clients.

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Re:Our path to listing SEC-regulated crypto securities by JumpCrisscross on Thursday June 07, 2018 @12:29AM (#17253300)

What is your e-mail address?

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Re:Our path to listing SEC-regulated crypto securities by komali2 on Thursday June 07, 2018 @10:56AM (#17256272)

Will one of y'all just post whatever this person emails you?

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Re:Our path to listing SEC-regulated crypto securities by eganist on Thursday June 07, 2018 @08:06AM (#17255051)

Reachable via any of my accounts tied to keybase if that helps (including the email tied to my key). Thanks for accommodating the widening list!

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Re:Our path to listing SEC-regulated crypto securities by simonebrunozzi on Thursday June 07, 2018 @01:51AM (#17253603)

Interested too. simone at fabrica dot city

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Re:Our path to listing SEC-regulated crypto securities by thisisit on Thursday June 07, 2018 @03:38AM (#17253995)

triumphantcoder at google's mail dot com

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Re:Our path to listing SEC-regulated crypto securities by zencash on Thursday June 07, 2018 @04:32AM (#17254250)

also interested, zencash64 at gmx dot com

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Re:Our path to listing SEC-regulated crypto securities by jk4930 on Thursday June 07, 2018 @04:27PM (#17259934)

jk at ptscientists dot com

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Re:Our path to listing SEC-regulated crypto securities by asselinpaul on Thursday June 07, 2018 @04:38AM (#17254274)

mail at asselinpaul dot com

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Re:Our path to listing SEC-regulated crypto securities by knrz on Thursday June 07, 2018 @05:57AM (#17254558)

knouroozi at gmail dot com

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Re:Our path to listing SEC-regulated crypto securities by rookonaut on Thursday June 07, 2018 @04:15AM (#17254164)

simon at craftworks dot at

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Re:Our path to listing SEC-regulated crypto securities by newguynewguy on Thursday June 07, 2018 @02:19PM (#17258621)

[email protected]

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Re:Our path to listing SEC-regulated crypto securities by kolbe on Thursday June 07, 2018 @10:13AM (#17255870)

Adding to this: you have to do a lot of research to make sure you get a 'clean' BD, though. There's a real risk that the company you bought it from has hidden future litigation. If they were engaging in illegal activity and the SEC takes a long time to build the case, you now own the civil liability for those actions.

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Re:Our path to listing SEC-regulated crypto securities by pmorici on Thursday June 07, 2018 @04:53AM (#17254324)

Tzero (overstock.com) did the same thing last year so Coinbase isn’t even the first to do this in the crypto space.

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Re:Our path to listing SEC-regulated crypto securities by atomical on Thursday June 07, 2018 @09:52AM (#17255729)

tZERO looks like it's raising money from investors. That seems a bit different than listing SEC regulated crypto currencies.

https://www.startengine.com/tzero?no_newsletter=1

> The tZERO token will pay 10% of adjusted gross revenue to token holders on a quarterly basis, subject to board approval and the conditions outlined in the offering memorandum

I want to compete with Angels and VC's for investment in early stage companies. Where can I do that? I don't want to invest in a fund and AngelList isn't "democratizing" shit.

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Re:Our path to listing SEC-regulated crypto securities by pmorici on Thursday June 07, 2018 @12:08PM (#17257113)

They bought a broker dealer and ats prior to their current capital raise. They want their token to be the first of many sec regulated crypto assets on their regulated exchange.

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Re:Our path to listing SEC-regulated crypto securities by prdonahue on Thursday June 07, 2018 @12:51AM (#17253381)

As JumpCrisscross said, this is very common. Shortcuts the process considerably and there are a fair amount of failing B/Ds out there.

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