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The Start Engine Summit - Making Compliant Blockchain-based Securities and Digital Stock Certificates Palatable for Investors
The Latest Crypto shares its reactions to Start Engine Summit (as well as some special announcements made at the event) which took place on October 19, 2018.
The Start Engine Summit was awesome! If you want a play by play of what happened during the day, head on over to our friends at Blockchain Beach for a detailed recap.
There's also a live stream of the days events (other than a couple keynotes that couldn't be streamed)
But, what is Start Engine?
As stated on their website:
"StartEngine is a leading security offering platform that tokenizes securities for more efficient issuance and trading. Utilizing its expertise in regulated exempt offerings under the Securities Act, StartEngine has helped more than 160 companies raise capital and has over 150,000 registered investors. Based in Los Angeles, the company was created in 2014 by Howard Marks, co-founder of Activision, and Ron Miller.
StartEngine is committed to revolutionizing the ways companies raise capital and to helping entrepreneurs achieve their dreams. StartEngine has embraced this new marketplace, hosting the first Regulation CF ICO and many more since. Blazing this trail has only given us more inspiration.
It's now our goal to use blockchain for our new service and services planned for the future: StartEngine Secure, LDGR, and StartEngine Secondary. Contingent on the SEC's and FINRA's approval of StartEngine as a broker-dealer and Alternative Trading System (ATS), we intend to launch StartEngine Secondary, which will operate a secondary marketplace for tokenized securities, in the months ahead. This secondary market will be supported by StartEngine Secure, a trusted source and registered transfer agent, and LDGR, a decentralized application for logging transactions in Regulations CF, D and A securities."
Start Engine began with the promise of the JOBS ACT which has blended the best of both worlds: traditional security constructs with the promise of Blockchain technology and the startups building it. Start Engine is helping build a modern financial infrastructure by helping startups get capital on their platform.
The venue, Fairmont Miramar was absolutely gorgeous and quite posh. No surprise there as its located on a main drag in Santa Monica. It added a certain elegance and luxurious feel to overlay the Cryptocurrency subject matter presented at the event.
Max Crawford, was kind enough to set up a Start Engine press lunch which had folks from media partners like Blockchain Beach and Hackernoon (who actually just launched an equity crowdfunding campaign on Start Engine).
Their special announcement was that they are building an ERC-1450 formatted compliance focused "Digital Stock Certificate" like token. In traditional markets, broker-dealers are used for purchasing securities like stocks, bonds, mutual funds other investment products. Start engine hopes to bridge the gap between "anything goes" Cryptocurrency ICOs and federally compliant securities.
Now, thanks to the legal framework of the JOBS act coupled with platforms like Start Engine, you can purchase compliant securities, shares and equity around Crypto (and other) startups of all kinds through traditional investment channels. Learn more here