Harbor Licensed to U.S. Securities Broker and Broker

Harbor, which specializes in issuing token stocks, has received a license from a US Securities and Exchange Commission (SEC) to transfer securities.

One month after receiving a broker-dealer license from the Financial Institutions Regulatory Agency (FINRA), Harbor received a license from a SEC Securities Transfer Agent. The company became the first blockchain company to receive both licenses in the United States.

Securities transfer agents act as liaisons between firms, investors, and regulators, tracking investment certificates. For example, if access to the wallet with stock tokens is lost, the securities transfer agent may facilitate the issuance of new tokens to replace the lost ones.

Thanks to licenses, Harbor was able to serve firms, investors and higher-level offers. According to Harbor CEO Josh Stein, the company has been working on regulatory approvals for over a year.

“Regulators took a long time to figure out and understand the industry. Such companies were new to SEC and FINRA, and they wanted to do everything right, ”he said.

Recall that in September Harbor entered into an agreement with iCap Equity to create ERC-20 tokens, which are assets of iCap real estate investment funds worth more than $ 100 million.