The client hired us for our blockchain and SEC compliance expertise. They needed support in refining their solution to meet regulatory requirements and in converting legacy code into a production-ready platform.

What we built

We delivered a compliant Alternative Trading System (ATS) for trading digital securities backed by real-world assets such as real estate, financial instruments, and commodities. The platform was designed for accredited investors, issuers, and institutions. It supports both crypto and fiat in primary and secondary markets, using tokenization, transfer agents, and smart contracts.

Primary & Secondary Trading

• Primary: Offering configuration and integration with blockchain-based tokenization agents
• Secondary: Integration with ATS via API and FIX protocol, with features such as portfolio tracking, notifications, and trading restrictions managed through transfer agent approvals

Blockchain Integration

• Integration with securities smart contracts on multiple blockchains
• Real-time transaction observability
• On-chain payment processing

Tokenization & Transfer Agents

• Tokenization Agents: Integrated with leading tokenization and compliance platforms
• Transfer Agents: Connected via standardized protocols for approvals and restrictions

Compliance & Onboarding Panel

• Versioned form reviews: Workflow-based form management, including requests for changes or additional information
• Wallet screening: Automated KYT/AML checks
• User screening: Integrated KYC/AML checks for individuals and institutions
• Audit tracking: Full audit trails covering wallet approvals, orders, and whitelist activity

Key Challenges

• Inherited Code: We took over a poorly documented legacy codebase and transformed it into a production-ready system
• Poor UX: The original product lacked a user-centered design, making it unintuitive and difficult to use
• Regulatory Complexity: We navigated strict SEC requirements while keeping the platform flexible
• Evolving Integrations: External systems (custodians, agents) were still under development, with widely varying APIs
• Data Fragmentation: We had to balance and verify both on-chain and off-chain data in an environment where blockchain was not the only source of truth
• Trading Restrictions: Consistent enforcement of restrictions and approval logic across multiple agents via FIX and API protocols was particularly complex during integration

How we overcame them

To meet SEC requirements with minimal user friction, we integrated KYC for institutional users.

We built a unified middleware layer to standardize connections with custodians and transfer agents. This eliminated the need for custom code and made API updates far easier.

We modernized the legacy codebase while preserving SEC-approved features, added real-time error monitoring, and developed a sync engine to ensure data integrity across blockchain and off-chain sources.

Despite UX constraints, we delivered a secure and compliant foundation. The platform now supports multiple wallets and provides a compliance panel for onboarding, audits, and regulatory workflows.

Client Benefits

• For Issuers: Lower costs, simpler processes, and broader investor access made raising capital easier.
• For Investors: Easier entry, faster settlement, improved liquidity through secondary markets, and full regulatory compliance.
• For Financial Institutions: Simple API integration, regulatory clarity, and advanced blockchain features to stay competitive.

The result: A platform that bridges traditional finance and blockchain, making private market investing more accessible, efficient, and transparent.