On this week’s episode of The Encrypted Economy, my guest is Shari Noonan, the CEO, and Co-Founder of Rialto Markets. Rialto is a registered Broker-Dealer, operating an Alternative Trading System focused on private securities, but their intrigue comes from the way that they tie these traditional operations with the world of digital assets. Shari is a true innovator when it comes to the future of private capital formation and the tokenization of private assets. Given my own lengthy background with Alternative Trading Systems, I just had to have her on the show. We cover the SEC’s recent amendments to crowdfunding regulation, the compelling use cases for tokenization in securities, and so much more. Don’t miss this episode of The Encrypted Economy and be sure to subscribe to the podcast for more great interviews! 

Topics Covered 

• Shari’s Background 
• The Origins of Rialto 
• MiFID II & Reg NMS 
• What is anATS? 
• Uses for Securitized Tokens  
• Where Does Liquidity Hold You Back?
• Misconceptions in Securitized Tokens 
• Where is the Market Coming Together?  
• Securitized Tokens vs Tokenized Securities & The Market’s Path

Resource List 

• Shari’s LinkedIn 
• Rialto Markets Website 
• Markets in Financial Instruments Directive (MiFID) 
• MiFID II 
• Regulation NMS 
• Regulation ATS 
• The SEC’s ATS List 
• An Introduction to Dark Pools 
• What is Escrow? 
• SEC Regulation A 
• ISDA Master Agreement 
• Regulation CF 
• Regulation D Offerings 
• The Howey Test 
• SEC Form S-1