SEC
Registered Broker-Dealer to Launch Regulatory-Compliant Security Token
platform
Watchdog Capital, a New
Hampshire-based broker-dealer registered with the U.S. Securities and
Exchange Commission (SEC), is set to launch Gladius, a regulatory-compliant
security token platform.
The platform, according to
Watchdog, could provide companies with more access to capital as well as
better opportunities for investors. Gladius is currently in beta, and has
been built to be complying with U.S. securities laws. The first offering is
set to be hosted in the next three months, according to the CEO of Watchdog’s
parent Chainstone Labs.
As Watchdog is a registered
broker-dealer, Fenton said Gladius can then be used for SEC-exempted
offerings. While Watchdog will have to approve each offering, some may also
need the approval of the SEC itself.
According to CoinDesk, Gladius
is blockchain-agnostic and can be used to issue paper equity. Investors will
be able to pay in both fiat and cryptocurrencies. Security tokens, to Fenton,
may open a new regulated investment avenue for organizations In the
decentralized finance space.
