July 18, 2019

Bithumb, SeriesOne to launch security token exchange in US

PUBLISHED : November 01, 2018 - 14:13

UPDATED : November 01, 2018 - 14:13

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Korea’s leading cryptocurrency exchange Bithumb announced on Nov. 1 that it plans to set up an exchange for securitized tokens with US-based fintech firm SeriesOne.

According to the agreement signed between them, the Korean firm will provide investments and technical support for the joint venture. It will also operate the exchange, which is expected to be launched in the first half of 2019. 

Bithumb CEO Heo Baek-Young (left) and SeriesOne CEO Michael Mildenberger shake hands after singing a partnership deal on Oct. 31.

Base on blockchain technology, security tokens pay dividends, share profits, pay interest or invest in tokenized assets to generate profits for holders.

SeriesOne, which was founded in 2013, has obtained approval for crowdfunding from the US Securities and Exchange Commission and engages in various businesses including crowdfunding, blockchain and security token offerings.

“SeriesOne actively sought to strike a deal after assessing us as the most suitable partner,” a Bithumb official said. “We will ramp up efforts to develop into a global financial firm as blockchain-based asset tokenization is expected to become widespread globally.”

To establish a security token exchange, companies are required to acquire a license for alternative trading systems.

By Park Ga-young (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099