U.S. Based. Venture Backed.
Founded by Industry Veterans.
We work with the leading brokerage houses, custodians, transfer agents and banks. Since 2014, our team of exchange technologists, securities lawyers, and trading veterans has been innovating in alternative assets and pioneering new technology in the industry. Our goal is to bring efficiency, transparency, and interoperability to a fragmented marketplace.
Common Protocol. Data Standardization. Asset Interoperability
With the emergence of "crypto" alt assets and the industry shift towards a ledger based book-entry process, the need for standardization and interoperability with alternative assets is greater than ever. Our system is designed for traditional alternative assets and token-based securities, and allows for a streamlined compliant process for secondary market trading. Direct integrations with financial institutions such as broker-dealers, custodians and transfer agents provide a bridge to the on-chain crypto capital markets.
The Investor Passport allows users to perform AML, KYC, suitability and accreditation verification once with a system Validator, and then utilize that passport with other service providers in the ecosystem. This creates an enhanced, secure, and global compliance process that improves investor protections and security, along with increased privacy of sensitive investor data.
The OFN system contains a public registry of qualified entities and assets on the distributed ledger. Qualified entities include broker-dealers, transfer agents, custodians, escrow agents, fund administrators and registered funding portals. Asset may also be registered with the SEC/EDGAR and that data can be referenced from the OFN as a subset of the Asset data object.
The global registry of qualified entities and securities creates a mechanism for a decentralized securities depository that provides a public governance model to ensure maximum transparency and protection for investors. The distributed ledger acts as the golden source to synchronize (and protect) data across multiple stakeholders in standard securities transactions. This provides a trustless clearing & settlement process that is instantly available to all market participants and removes the single points of failure/fraud.
The OFN system is designed for traditional alternative assets and token-based securities, and allows for a streamlined compliant process for secondary market trading. As the industry shifts towards ledger based book-entry process, issuers can leverage OFN to bridge the gap to on-chain crypto capital markets.