Crypto start-up Uphold acquires US-based securities firm and applies to become a licensed broker-dealer
Digital money platform Uphold became a licensed broker-dealer in the US after acquiring a registered firm called JNK Securities.
According to a report by Coindesk, General counsel for Uphold Ben Sherwin, said about the move, “We've acquired a New York-based broker-dealer to expand our product base and offer more digital assets to our users,” adding “that they have filed with FINRA to become a broker-dealer and a broker-dealer status allows us to engage in activities that we wouldn't be able to."
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