By William P
October 5, 2017
Blockchain firm Templum and broker-dealer Liquid M Capital are teaming up to create a new regulated exchange—eponymously titled Templum—that’s specifically tailored to be a secondary market for tokens and an outlet through which companies can offer Initial Coin Offerings (ICOs).
Templum aims to remove any uncertainty in the U.S. crypto-community regarding trading in tokens that are considered to be securities in America.
Teaming up with regulators at the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the new exchange will offer U.S. users a perfectly legal channel through which to run ICOs and to buy and sell a range of different cryptocurrency security tokens.
This is bullish news for ICOs at a time when some nations—like China and South Korea—have recently clamped down on Initial Coin Offerings.
“We know regulation is coming,” Templum CEO Chistopher Pallotta declared in a statement to the press. “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.”
In this sense, Pallotta and the Templum team seek to legitimize and promote ICOs by bringing them into the daylight of U.S. regulatory standards.
Necessarily, this means we can expect an explosion of new mainstream users entering the crypto-space after Templum goes live—users interested in seeing for themselves what these ICOs are all about.
Indeed, Templum’s coming at a good time. Over $2 billion has been raised by ICOs since this particular funding model began, and that number’s only set to increase in the coming years.
Ultimately, as Liquid M Capital CEO Vincent Molinari has suggested, it’s all about making the crypto-space safer as a whole.
“You can lose money in any investment,” Molinari said upon Templum’s announcement. “Especially when you get into the speculative end of the continuum – but you’re reducing your risk of fraud and bad actors by going through regulated entities.”
And beyond safety, Templum is good for the price of Bitcoin and Ether, too, as these two coins are purchased in droves by people who use them to participate in ICOs.
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