Templum to Launch Regulated U.S. Exchange for ICOs

Another regulated platform for token trading is coming to the U.S. market.

Revealed exclusively to CoinDesk, blockchain technology firm Templum and affiliate broker-dealer Liquid M Capital are today unveiling the platform, also called Templum – the second launch in as many weeks to focus on bringing a new level of functionality and maturity to the cryptocurrency asset class.

Following close behind the launch of an alternative trading system (ATS) by tØ, the capital markets arm of U.S. retail giant Overstock, the platform also seeks to allow investors to exchange any cryptographic token categorized in the U.S. as a security. Not only will Templum allow users to trade tokens on a secondary market, but it will allow them to issue new tokens through initial coin offerings (ICOs).

In this way, the new ATS – which will be regulated by both the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) – aims to offer access to the full lifecycle of cryptocurrency security tokens.

Christopher Pallotta, founder, and CEO of Templum, told CoinDesk:

"We know regulation is coming. So, we are trying to find a solution to work with the current ecosystem right now – so as to not hinder the extraordinary developments that we've seen over the last several months."

The announcement follows on a wave of interest in the use of cryptocurrencies as a funding vehicle, with data from CoinDesk's ICO Tracker indicating more than $2 billion has been raised through such sales to date.

https://www.coindesk.com/not-just-overstock-templum-to-launch-regulated-u-s-exchange-for-icos/