Bosonic Securities was recently approved by the Financial Industry Regulatory Authority (FINRA) to operate a broker-dealer and an Alternative Trading System (ATS) for equity and debt securities, including digital asset securities.
Bosonic Securities was also approved to conduct private placements of equity and debt securities, including digital asset securities that are offered and sold pursuant to Regulation A, D, and S safe harbors from registration with the U.S. Securities and Exchange Commission (SEC).
The Bosonic Securities ATS aims to commence operations in May 2023.
Rosario Ingargiola, CEO of Bosonic, said: “We believe digital asset securities are the future of financial markets and Bosonic Securities is well positioned to play a leading role in the transformation of the industry from the use of traditional ledgers to blockchain-based technology.”
“By launching an ATS that relies on the technology developed by Bosonic, which is designed to reduce counterparty credit and settlement risk, Bosonic Securities will deliver more efficiency and lower risk than was possible previously,” he added.
William Karsh, CEO of Bosonic Securities, noted the approval is an important step in the evolution of the trading of digital asset securities.
“The company benefits from the fact that its technology was developed by its parent company specifically to solve the problems that impair the trading of digital asset securities,” he said.
