Exchange, incorporated in Chicago, US
OpenFinance Network is the leading trading platform for tokenized securities.
✓ INVESTOR PASSPORT
The Investor Passport allows users to perform AML, KYC, suitability and accreditation verification once with a system Validator, and then utilize that passport with other service providers in the ecosystem. This creates an enhanced, secure, and global compliance process that improves investor protection and security, along with increased privacy of sensitive investor data.
✓ GLOBAL ASSET REGISTRY
The OFN system contains a public registry of qualified entities and assets on the distributed ledger. Qualified entities include broker-dealers, transfer agents, custodians, escrow agents, fund administrators and registered funding portals. Asset may also be registered with the SEC/EDGAR and that data can be referenced from the OFN as a subset of the Asset data object.
✓ DECENTRALIZED SECURITIES DEPOSITORY
The global registry of qualified entities and securities creates a mechanism for a decentralized securities depository that provides a public governance model to ensure maximum transparency and protection for investors. The distributed ledger acts as the golden source to synchronize (and protect) data across multiple stakeholders in standard securities transactions. This provides a trustless clearing & settlement process that is instantly available to all market participants and removes the single points of failure/fraud.