Announced October 31st 2019, long-time Bitcoin advocate and securities expert Bruce Fenton has launched Watchdog Capital. As an SEC-registered broker-dealer and member of FINRA, the firm is developing a decentralized securities platform that will “transform capital markets”.
Bruce Fenton’s Watchdog Capital Explained
Bruce Fenton is no stranger when it comes to digital assets— or finance in general.
He got his first job at a brokerage firm at the young age of 14. When he turned 19, he received a series 7 license enabling him to trade securities.
For the next 18 years, he worked as a stockbroker and general securities principal. Currently, he’s the CEO of Chainstone Labs and the founder of Atlantic Capital.
Yet finance isn’t his sole expertise. Fenton served as the Executive Chairman of the Bitcoin foundation in 2015-2016 and has been a long-time advocate of decentralized ledgers. He founded the Satoshi Roundtable conference which is hosted in his home state of New Hampshire— a state whose motto reads “Live Free or Die”
He’s also the co-author of Ravencoin’s whitepaper, and is a seasoned promoter of security tokens.
Fenton has now created his own broker-dealer firm— Watchdog Capital— specialized for digital asset firms and financial advisors. The firm is registered with both the U.S. Securities and Exchange Commission (SEC) as well as the Financial Industry Regulatory Authority (FINRA).
The firm is able to perform securities underwriting, investment banking, crowdfunding, Reg A+ offerings, REITs, and over-the-counter trades for retail and institutional businesses.
Fenton said it took about nine months in order to secure the broker-dealer license.
According to Fenton, Watchdog Capital will bring the values behind Bitcoin to regulated securities:
“Many of the ideals from the Bitcoin industry can benefit the securities industry. Cypherpunks write code to protect consumers and their privacy and to give them more control over their digital lives. This isn’t at odds with the pro-free market ideals of the U.S. stock markets, in fact it can be very complimentary. Watchdog believes in cypherpunk values, privacy, personal property rights, Austrian economics, security and Bitcoin as global money. The firm will work to push the limits of this technology as the digital securities ecosystem evolves.”
“We’ve been building for some time and Chainstone has been quietly working on constructing an industry best practices model for securities technology. Watchdog is both very conservative and traditional regarding compliance but also embracing the latest developments in technology.”
So far, the nascent security token industry has leveraged the benefits of blockchain technology to compliantly raise nearly $1 billion.
Regulated real-world assets to include equity, real estate, investment funds, and even fine art have experienced the advantages of tokenization.
What do you think about long-time Bitcoin advocate Bruce Fenton launching Watchdog Capital? Let us know what you think in the comments section below.
Image courtesy of YouTube.