Huobi Buys into Security Token Platform OpenFinance Network
Cryptovest
Published Aug 16, 2018 07:44AM ET
Updated Aug 16, 2018 09:01AM ET
Huobi Buys into Security Token Platform OpenFinance Network
Singapore-based digital currency exchange Huobi has made an investment in newly launched security token trading platform OpenFinance Network (OFN). The official announcement from US-based OFN did not contain the financial parameters of the deal, but Huobi’s investment was described as “significant.”
OFN went live at the end of June, launching in response to crypto interests that stretch beyond utility tokens and currencies. Given these developments in the market, Huobi’s decision to invest in the US venture is in line with “the momentum toward a more regulated security token market and growing confid...
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