Stonewalled by FINRA, Up to 40 Crypto Securities Wait in Limbo for Launch
Wall Street watchdog FINRA has sat for as long as 12 months on roughly 40 broker-dealer applications by blockchain startups.
ConsenSys aims to use its new acquisition to offer tokenized municipal bonds in a market ripe for disruption.
Longtime bitcoin advocate Bruce Fenton has created a new broker-dealer for digital asset firms and financial advisors called Watchdog Capital.
Digital asset custodian BitGo is building a “full stack” security token services provider by acquiring tokenization platform Harbor, including its broker-dealer and transfer agent.
ShortHop offers traders access to its own order book as well as orders from other exchanges.
In a joint statement Monday, the SEC and FINRA laid out the issues they must examine before approving broker-dealer applications from crypto startups.