Through the new partnership, Stellar-based security tokens will be certified by SharesPost’s Global Liquidity And Settlement System
SharesPost, a leading provider of private company liquidity solutions and private capital markets research, has announced a new partnership with Lightyear.io, a software company that develops applications and infrastructure for the Stellar ecosystem.
The partnership entails adding the Stellar Decentralized Exchange, one of the leading decentralized digital asset exchanges, to SharesPost’s Global Liquidity and Settlement System (GLASS) as an exchange node. In conjunction with SharesPost’s existing Alternative Trading System (ATS), GLASS will enable issuers listing security tokens on the Stellar Decentralized Exchange to trade compliantly in every major market globally in the years ahead.
Greg Brogger, Founder and CEO of SharesPost, said: “Lightyear and Stellar will be key partners for SharesPost as we gear up for the launch of GLASS. With their support and expertise, we will add high quality assets to the GLASS network and be one step closer to a global system for trading security tokens and tokenized assets.”
GLASS is a compliant, global network of digital exchanges and OTC pools facilitating the trading, certification, and custody of security tokens and tokenized assets, beginning with SharesPost’s US ATS and Stellar as an initial exchange node. With GLASS, SharesPost, Lightyear and Stellar can serve expanded user bases and supported assets — particularly private growth equity assets, tokenized assets, and other emerging security products.
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Boris Reznikov, Director of Partnerships at Lightyear.io., said: “We believe security tokens will play a key role in shaping what the global financial markets will look like in the next couple of years. We’re excited to be partnering with SharesPost on GLASS to play a key role in the development of this new paradigm, and to be able to provide a critical compliance umbrella for security tokens on the Stellar Distributed Exchange.”
SharesPost is a global leader in the private securities market with a long history of providing liquidity to providing liquidity to “unicorns” and other private growth companies. Its U.S. self-clearing broker-dealer and ATS will be launching a fully electronic security token marketplace in H2 2018. Lightyear is the company leading partnerships with issuers and financial institutions on top of Stellar. Lightyear is powered by the Stellar network, an open global protocol enabling low cost, high access, and seamless multi-asset transactions.