Templum completes $10m funding round

SBI Holdings has made a strategic investment in Templum, completing the company $10m fundraising round that includes the Raptor Group.

Templum is a financial technology company focusing on creating a regulatory compliant marketplace for the primary issuance and secondary trading of digital assets through security tokens.

With the new investment, it will look to fund the continuing development of the company broker-dealer Templum Markets and its alternative trading system. Templum Markets, which is registered with the SEC and FINFRA, offers issuers a platform for the initial sale of their tokenised securities and broth issuers and investors a centralised platform for secondary trading.

The company will also use the new funding to continue to create valuable investor partnerships and to attract institutional and accredited investors to use Templum technology to purchase and sell securities tokens.

Chris Pallotta, founder and CEO, said, ?We are excited to have SBI support and expect this investment will result in an expanded relationship with this highly respected institution. SBI shares our mission to develop a secure trading platform for TAOs, and we look forward to partnering with SBI in Japan and across Asia in the future.p>

Templum believes that the future of digital assets will be based on Taos that are offered in compliance with the securities laws of the US and other foreign jurisdictions. It intends to facilitate the growth and expansion of tokenized securities by implementing standards and best practices, including anti-money laundering and Know Your Customer programs.

Earlier this month, the CEO of?Monex Group, a Japanese online brokerage, said the country cryptocurrency exchanges?should be regulated more strictly. He said that Japan exchanges are close to a bank as they do matching and custodial service. He added that it common sense that regulations will get stricter.

While Britain City minister John Glen recently said that cryptocurrencies dont pose a risk to the UK economy, but appropriate regulation is needed.?He said: ?We are seeing great excitement, some wariness, and also I think some misunderstandings. We remain agnostic and are engaged in trying to find the right narrative and the right level of regulation if that appropriate.

Copyright ? 2018 FinTech Global

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