In today’s crowdfunding environment, any asset class can now be tokenized using blockchain technology. But just as new technologies emerge and disruption occurs, security and compliance become an issue when it comes to the tokenization of equity. Listen to this podcast episode where Mark Elenowitz, President of Horizon Globex, explains how his company is solving these problems with their software tokenization platform and their private label app that helps companies tokenize assets in a compliant manner which satisfies the requirements of the SEC and FINRA in terms of “Know Your Customer” (KYC) and Anti-Money Laundering (AML). It wasn’t that long ago when the Internet was a new idea – now it’s mainstream. How long will it take for blockchain and tokenization to similarly be adopted?
Globex is a blockchain software business specialized in the Regulation D and Regulation S compliant tokenization of assets. Globex offers a complete securities primary issuance solution using Tokenetics.com, investor KYC/AML using KYCware.com, U.S. transfer agent custody using CustodyWare.com and compliant secondary trading on ERC-20 blockchain exchanges.
Over the past few years, we’ve seen many Initial Coin Offerings (ICO) raise a huge amount of money, but that has all been done outside of regulatory compliance and as a result that market has been ripe with fraud. Security Token Offerings are securities that will hopefully eliminate most fraud issues. As mentioned in the podcast, the Securities and Exchange Commission (SEC) has been slow to approve many of the tokenized Regulation A+ offerings due to the inability to process the issues that Globex’s app solves. Integrating with Transfer Agents is key – if there’s no transfer agent, there’s no market. Until Globex, transfer agents didn’t have the technology needed for tokenization. Now they do (read their latest press release here). Hopefully, as the industry adapts and matures, we’ll see the Reg.A+ approval rate for tokenized and blockchain related projects move much more quickly. Interested in more info? Contact Globex by email or visit their website to request a live demo.
ABOUT OUR GUEST: Mark Elenowitz
Mark H. Elenowitz, CEO and Founder of BANQ®, the electronic division of TriPoint Global Equities, LLC, is an electronic investment banking platform that streamlines the matching of investors with quality growth companies and alternative investment opportunities. BANQ® is the leader in Regulation A+ IPOs. BANQ®’s methodology enables Reg A+ offerings to look, feel and settle like traditional offerings. BANQ® made history by completing the first Reg A+ to list on a National Securities Exchange and the first to list on the New York Stock Exchange. BANQ® widely markets its offerings utilizing the new general solicitation and advertising rules promulgated by the U.S. Securities & Exchange Commission, in response to the passage of the JOBS Act of 2012. The BANQ® team hopes to continue making history by combining its deep experience in the equity capital markets with its tech-focused platform to become the global leader in fully-compliant STOs.
Mr. Elenowitz is responsible for the overall corporate development of TriPoint and BANQ®, advising clients on structuring, financings and acquisitions. He has extensive experience in advising clients on governance, compliance, and capital markets navigation. He has worked with numerous public and private companies and has served on numerous Board of Directors. Mr. Elenowitz integrates a strong, successful entrepreneurial background with extensive financial services and capital markets experience. He is an expert in capital markets investigative analysis of trading activity, short selling and market activity, providing investigative services for Board of Directors, Special Committees and public companies. Mr. Elenowitz also served as an expert witness in FINRA arbitrations and court actions. In addition, Mr. Elenowitz is Managing Director of TriPoint Capital Advisors, LLC, a merchant banking and financial consulting affiliate of TriPoint Global Equities. He is a noted speaker at Small Cap and Reg A events, including the 2017 & 2018 SEC Small Business Forums and has been profiled in BusinessWeek and CNBC, as well as several other publications. He is a graduate of the University of Maryland School of Business and Management with a B.S. in Finance. He holds Series 24, 62, 63, 79, 82 and 99 licenses.
Mr. Elenowitz is also the President of GlobexUS Holdings Corp. Globex is a software R&D and licensing business specialized in blockchain technologies for digital securities. Their key focus is on total regulatory compliance for the issuance of registered or exempt securities in the U.S. including KYC/AML/CIP, Transfer Agent technology and www.tokenetics.com, which is a Full-service turn key Software-as-a-Service Ethereum ERC-20 tokenization solution for U.S. and international businesses.
All information provided is for informational purposes only. This information is not intended as legal or investment advice for anyone to make an investment in any one particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor.