Open Finance Network (OFN) has progressed from the beta stage and is offering the first security token trading platform on the US market, according to a press release on Thursday. OFN has been providing alternative finance solutions since 2014 and now aims to expand into the area of security tokens.

In the US, startups conducting initial coin offerings (ICOs) may run into trouble as their tokens are deemed securities. New financing campaigns are changing their structure to a security token offering (STO) as US regulators are especially vigilant about the sale of unregistered securities.

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This article appeared first on Cryptovest

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