It’s always great to begin the year on a positive note. Being named a two-time finalist for the Fund Intelligence Tech and WSL Awards 2020 is fantastic news for our hard-working team at Openfinance. The company is among four finalists for the categories “Best Infrastructure/Technology Initiative by Exchange/ATS” and “Best Trading Platform - Overall.”
It’s not lost on us that the Fund Intelligence Tech and WSL Awards are both competitive and coveted - recognizing and rewarding stand-out organizations and innovators that serve asset managers and institutional traders. Previously known as the Wall Street Letter (WSL) Institutional Trading Awards, the program highlights the efforts of technology providers, broker dealers, data specialists and exchanges in meeting and exceeding the needs of the financial community.
We couldn’t be more excited about being a part of the competition, with the opportunity to earn recognition for our first-to-market platform for the secondary market trading of digital securities. Openfinance continues with its mission to open new doors to a universe of investments and unlock value in the historically illiquid $8.8 trillion alternative asset market.
Since listing our first digital security in 2018, our platform has enabled efficient, transparent, and regulated trading to improve the liquidity of private and public, non-listed securities. In just the last year, we’ve listed five digital securities with a combined market cap of more than $50 million, including venture capital funds and the first tokenized hedge fund. And, there’s no slowing down for us. We look forward to increasing the number of investment opportunities for our users in 2020.