The wallet-backup firm raised $17.45 million in a 2018 token sale and says exchanges want assurance the SEC will not later challenge VGT.
Vault12 told the SEC that exchanges remain unwilling to list its VGT token because the agency's token safe harbor has not given them enough certainty. The wallet-backup firm, which raised $17.45 million in a 2018 token sale, said exchanges want assurance the SEC will not later challenge VGT.
If exchanges decline to list VGT, holders from the 2018 sale may have fewer venues to trade.
Reported by The Wrap desk from Digital Capital Daily coverage. Published . Corrections
The wallet-backup firm raised $17.45 million in a 2018 token sale and says exchanges want assurance the SEC won't later challenge VGT.
Uphold's CFO says compliance is now one of the company's largest departments as it tailors solutions to each state's requirements.
The Nasdaq-listed fintech, run by former FTX Europe chief Patrick Gruhn, is the second firm to seek the SEC's innovation exemption for tokenized U.S. equities.
The Hong Kong dollar token is fully backed by high-quality liquid assets in separate accounts; a tokenized money market fund share class is next.
The brokerage formerly known as Hidden Road announced the service on Oct. 15, with Virtu already trading.
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