Security Token Platform OpenFinance Network Secures Investment from Sharpe

Security token trading platform operator OpenFinance Network secured an investment from Sharpe, a company that aims to transform traditional market intelligence.

Sharpe, a company that operates several businesses through its multiple units, including Sharpe Capital, Sharpe Ventures, and Sharpe Analytics, announced that it had invested in US-based security token trading platform OpenFinance Network (OFN). The move, which was conducted through Sharpe Capital, is meant to prove that Sharpe is dedicated to supporting a democratic and incentive-oriented ecosystem.

OFN aims to change the traditional way of dealing with securities by leveraging the blockchain. The technology enables the development of a decentralized securities depository model that would ensure the seamless, transparent, and secure communication and interoperability across the various parties involved in the ecosystem.

Comment from Sharpe Co-founder

Sharpe co-founder Dr. James Butler commented on the deal:

"Sharpe Ventures aims to invest in blockchain businesses with proven market traction and a dedicated team. OpenFinance Network offers both, they have an experienced and multiskilled team and are already a trusted player in the alternative asset industry since 2014. Moreover, OpenFinance Network is dedicated to creating a tokenized economy for universally inclusive value exchanges, opening up opportunities for all investors, traditional and crypto."

OFN was launched in June of this year and managed to secure investments from several venture capital firms and tech-oriented companies. In August, Singapore-based crypto exchange operator Huobi announced that it had invested in the OFN platform, but it didn’t reveal the amount of the deal.