Circle-Owned SeedInvest Gets Go Ahead from FINRA for Alternative Shares Trading

About a month ago, we told you about SeedInvest, an equity crowdfunding platform, being acquired by Circle, a payment firm well-known for its association with the crypto scene. Now, more exciting news has come in concerning SeedInvest as it as managed to get an approval from the United States Financial Industry Regulatory Authority (FINRA).

With this approval, SeedInvest will now be capable of letting its users trade startup shares, considering how it has recently been accredited as an Alternative Trading System. Secondary shares trading will be open as an option now, marking an exciting new time for the company, which was bought by Circle for an undisclosed amount.

After having received the primary round of regulatory go-ahead from the authorities a while back, SeedInvest has now been able to procure the permissions to conduct alternative trading as well, opening up new avenues for the company. SeedInvest has itself received a lot of praise for the work it has managed to do in its own field.

The coming in of greater regulation in the crypto and blockchain space heralds a new phase in these interrelated industries and can be the harbinger of many positive developments in the space.

In the press release, Ryan Feit, Co-Founder of SeedInvest said the following:

“Liquidity remains a key missing piece towards democratizing the private capital markets. Creating a truly vibrant secondary market for private company shares has the potential to make startup investing a significantly more attractive asset class.”

Circle co-founder and CEO Jeremy Allaire said:

We’re focused on empowering individuals and business to create and share value in ways that are more open, inclusive, efficient and global.ATS approval for SeedInvest sets us on a path to develop secondary trading marketplaces and to facilitate liquidity for private securities, which together hold the promise of significantly democratizing private capital markets.”