CUSIP Global Services collaborates with Templum Markets
06 July 2018 New York
Image: Shutterstock
CUSIP Global Services (CGS) has collaborated with Templum Markets to improve transparency in the tokenised securities marketplace.
CGS will issue CUSIP identifiers for all primary issuance and secondary transactions, conducted on the Templum Markets’ Platform. These are known as Tokenised Asset Offerings (TAOs)
The identifiers are built on the standard 9-digit CUSIP taxonomy that is ever-present in equity and fixed-income markets.
Additionally, the identifiers will be used to standardise the process of trading and tracking TAOs within investor portfolios.
Chris Pallotta, CEO of Templum, commented: "We are excited to watch Templum Markets and CUSIP Global Services work together to increase standardisation and best practices in the digital assets space- this is truly a watershed moment in the evolution and adoption of security tokens.”
Vince Molinari, CEO, Templum Markets, said: “We are focused on bringing standardisation and best practices for our issuers, enabling them to better communicate information about their products to potential investors.”
He continued: “Our vision is to create increased liquidity opportunities for TAOs through our secondary trading alternative trading system, and adding a CUSIP on each one is an important step toward achieving that goal.”
Scott Preiss, global head of CGS, added: “As tokenised securities continue to gain momentum as a valuable access point to capital markets, standardised, reliable reference data will be a key to ensuring transparency and efficiency for all market participants.”
“As a pioneer in bringing institutional rigour to emerging asset classes, we are pleased to enter this new market and look forward to further expansion of our capabilities into blockchain-based marketplaces.”
CGS will issue CUSIP identifiers for all primary issuance and secondary transactions, conducted on the Templum Markets’ Platform. These are known as Tokenised Asset Offerings (TAOs)
The identifiers are built on the standard 9-digit CUSIP taxonomy that is ever-present in equity and fixed-income markets.
Additionally, the identifiers will be used to standardise the process of trading and tracking TAOs within investor portfolios.
Chris Pallotta, CEO of Templum, commented: "We are excited to watch Templum Markets and CUSIP Global Services work together to increase standardisation and best practices in the digital assets space- this is truly a watershed moment in the evolution and adoption of security tokens.”
Vince Molinari, CEO, Templum Markets, said: “We are focused on bringing standardisation and best practices for our issuers, enabling them to better communicate information about their products to potential investors.”
He continued: “Our vision is to create increased liquidity opportunities for TAOs through our secondary trading alternative trading system, and adding a CUSIP on each one is an important step toward achieving that goal.”
Scott Preiss, global head of CGS, added: “As tokenised securities continue to gain momentum as a valuable access point to capital markets, standardised, reliable reference data will be a key to ensuring transparency and efficiency for all market participants.”
“As a pioneer in bringing institutional rigour to emerging asset classes, we are pleased to enter this new market and look forward to further expansion of our capabilities into blockchain-based marketplaces.”
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