The U.S. Securities and Exchange Commission (SEC) has launched the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). It will aid its Fintech related activities including Distributed Ledger Technology (DLT) and Digital Assets, as published by officials on Oct. 18.

SEC aims to protect investors and to maintain the fair and orderly functioning of securities markets. Let’s not forget, it also caters towards facilitating capital formation. That includes Blockchain technology and digital assets as well. It is now going to do the same through Finhub. FinHub aims to facilitate those activities and will take over the tasks of some of the existing groups working on the same field.

Besides, Finhub will put SEC staff in touch with industries and the public through a web portal to deliver important information regarding SEC’s activities. Also, it will serve as a liaison to other domestic and international regulators. To better address DLT and digital assets, FinHub also plans to run an official forum next year.

The FinHub will be headed by Valerie A. Szczepanik, Senior Advisor for Digital Assets and Innovation in SEC.

Szczepanik opined “by launching FinHub, we hope to provide a clear path for entrepreneurs, developers, and their advisers to engage with SEC staff, seek input, and test ideas.”He is also the Associate Director in the SEC’s Division of Corporation Finance.