We are thrilled to announce that Templum has obtained the required regulatory approval to purchase Liquid M Capital and for the newly formed Templum Markets to commence operations as Templum’s broker-dealer and Alternative Trading System (“ATS”). In doing so, Templum has acquired an ATS that can facilitate transactions in a variety of unregistered and private securities.
For two years, Templum Markets has built the first ATS to facilitate secondary liquidity of digital assets with full price display, depth of markets and an audit trail for transactions under Rule 506 of Regulation D, Regulation A, and Regulation S. Additionally, Templum Markets has obtained a private letter ruling that recognizes the platform as a Qualified Matching Service (QMS) that may facilitate transactions in partnership interests without negatively impacting the tax treatment of partnerships.
The successful acquisition of Templum Markets represents a huge step towards offering an end-to-end solution for the issuance and secondary trading of digital assets as securities. We believe this new market has the capability to completely revolutionize capital formation and secondary liquidity and we are proud to be developing the first regulatory-compliant platform and market infrastructure for the digital asset sector.