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Harbor Square Investments Approved as Broker/Dealer




A Long Road

As of September 26th, 2019, Harbor Square Investments was officially designated a broker/dealer by FINRA. This approval comes after an arduous process that took months to arrive at a conclusion.

By successfully being approved as registered broker/dealers, Harbor now gains the ability to buy and sell digital securities on behalf of both themselves and their client base.

Stiff Competition

As industry participants continue to gain a footing on what services they will offer their clients, various within the digital securities sector have the ability to act as broker/dealers within their respective regions.

Dinosaur Financial Group

This New York based company has long acted as a broker/dealer in traditional markets. In early 2019, they made a foray into digital securities, through a partnership with tZero.

Dinosaur Announces Alliance with tZero


One of the most well-known names in blockchain, Coinbase became a broker/dealer through the acquisition of Keystone Capital, in mid-2018. This approach was unique, as this allowed for Coinbase to gain the abilities of a broker/dealer in a short amount of time. As touched on, with regards to Harbor, applying for a new licence is a long process – Inheritance of such licensure through company acquisition has the potential to be a much more efficient route to take.

Coinbase Acquires Broker-Dealer in Push to Sell Securities


Harbor CEO, Josh Stein, spoke with news outlet, CoinDesk, commenting on the development discussed here today. The following is what he had to say on the matter.

Speaking on the length of time it took to get to this point, he stated,

“It took the regulators a long time to get a handle on the space and understand it and its implications,” Harbor CEO Josh Stein told CoinDesk. “This was very new for the SEC and FINRA, and they wanted to do it right.”

With their new designation in hand, Stein continued, commenting on the future,

“We’re going to provide the technology platform to manage the fundraising, the technology to manage investors, the technology to tokenize and enable liquidity.”


Operating out of the United States, Harbor is a tokenization platform that was founded in 2017. In the time since their launch, the company has managed to create a specialized token standard meant to serve the industry, known as ‘R-Tokens’, in addition to expanding the functionality of their platform.

Harbor Square Investments is a subsidiary of Harbor.

CEO, Josh Stein, currently oversees company operations.

We recently reported on Harbor, as they continue their efforts to serve the digital securities sector. In this recent look at the company, they caught our eye with the tokenization of $100M worth of real estate.

Harbor Tokenizes $100 Million in Real Estate Funds on ETH


Short for ‘Financial Industry Regulatory Authority’, FINRA, is a regulatory body, given their power by Congress. They are tasked with ensuring compliance among broker/dealers serving U.S. based investors.

CEO, Robert W. Cook, currently oversees the organization’s operations.

In Other News

In recent months, we have seen various companies issue new licencing and designations. This has allowed for various industry participants to expand the services they offer their clients, in a regulatory compliant manner. The following articles highlight one such expansion, along with a look at the various titles held by companies like Harbor.

Securitize Receives SEC Transfer Agent Approval

Titles and Designations among Industry Participants

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

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