Templum, a tech startup offering regulatory compliant solutions for Tokenized Asset Offerings (TAOs) – initial coin offerings (ICOs) conducted in compliance with the U.S. securities laws, has announced that it executed a secondary transaction of a security token on a regulated platform.

According to the details, the transaction took place on Templum Markets and the Alternative Trading System (ATS). It involved the exchange of BCAP tokens, issued by venture capital firm Blockchain Capital. Each BCAP token is a private, unregistered security representing a limited partnership interest in the fund, according to the official release.

“We are exceptionally proud of the Templum Markets team and what we believe to be the first secondary transaction of a security digital asset,” Chris Pallotta, co-founder and chief executive officer of Templum, said.

Pallotta told Bloomberg this marked the first security token to trade in a fully compliant platform, adding, “We’re embracing regulation to provide a secure market and a level of comfort for both investors and issuers that hasn’t been the norm in the digital assets market so far.”

Templum Markets is a Branch Office of Liquid M Capital, a registered broker-dealer and the operator of an Alternative Trading System (ATS) that brings together blockchain and tokenized assets and facilitates transparent access to capital and the secondary trading of tokenized assets.

“Templum Markets provided a seamless experience for the transaction and Blockchain Capital is looking forward to its full launch,” said Brad Stephens Co-Founder Blockchain Capital.