Smartlands Will Manage US Broker-Dealer Firm, Aims to Open Investments to US Citizens
October 9, 2019
October 9, London ‒ Smartlands – a digital platform for crowdfunding investments via the issuance of digital shares in the form of security tokens – has signed a Cooperative Agreement with IIP Securities*, a US-based broker-dealer, to use IIP’s broker-dealer licence for accessing US capital and further facilitating investments on the Platform turning Smartlands into a global investments and digital banking ecosystem. The move allows Smartlands to comply with the applicable in US regulatory requirements and sell securities issued on the Platform to accredited US investors.
Following the recently announced Smartlands strategy for global expansion, the company also plans to open an office in the US and acquire a major share in IIP Securities in order to fortify Smartlands’ position on the US market.
“Initially, the talks with IIP Securities revolved around our Joint Venture program,” says Smartlands CEO Ilia Obraztsov, “but eventually we have broadened the scope of the discussion and are now examining several options far beyond the broker-dealer licence agreement. Allowing US citizens to purchase securities issued on Smartlands compliantly has always been an essential part of our roadmap for global development, and we’re happy that this stage of our plan is now complete.”
In the near perspective, Smartlands will explore the intricacies of Reg S, Reg D, Rule 144A, and Reg A creating the framework for enabling US-based companies to conduct compliant STOs on Smartlands as well as provide US citizens with access to investment projects structured with a UK-based SPV.
“The agreement with IIP Securities would allow Smartlands to meet one of the company’s main challenges of broadening and diversifying the current investor base,” comments Yaroslava Tkalich, Smartlands CMO. “We have already created a proprietary solution for fractional ownership of the real economy assets for most jurisdictions around the world. Today, working with a FINRA-licenced broker-dealer, we’re in a position to provide US investors with a huge array of brand new opportunities.”
*Partnership with IIP Securities has been suspended