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Podcast: Spencer Gareiss, Roberta Vassallo, and the sports assets trading platform

Spencer Gareiss and Roberta Vassallo
GRIP Montage: /mkt/Private

Fintech and compliance: A unique startup’s journey from concept and product development to FINRA approval and registration.

Roberta and Spencer outline the journey the fintech firm has taken so far, and the regulatory road they are navigating with FINRA and SEC. They enthusiastically spoke to GRIP about:

  • how /mkt is the tool that will allow sports assets to be invested in by retail investor fans;
  • why the fintech firm chose the regulatory framework that it did to get approval and registration status;
  • how the business will handle customer relationships, suitability, trading, and the custody infrastructure;
  • the due diligence involved in the process and how that will continue to be at the heart of the business;
  • how they are structuring the firm in such a way that meets the current requirements but lasts, regardless of rule change;
  • how they are leveraging artificial intelligence to deliver results without burning through all the cash; and
  • why it’s so exciting to be building something that you’re willing to do for potentially 20 years.

A transcript of the podcast is available here.

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