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Secondary Market Regulations

Why GigaStar Built a Regulated Secondary Market

Thursday, March 12, 2026 2 min read For Everyone

The number one question Investors asked from day one was: "How do I sell?" That question shaped everything about how GigaStar approached secondary trading.

The Problem

CRTs offered under Regulation Crowdfunding have a mandatory 12-month holding period. After that period, Investors could theoretically sell — but to whom? Without an organized marketplace, finding a buyer meant informal arrangements with no price transparency, no regulatory oversight, and no standardized settlement process. That's not a market. That's a bulletin board.

Why Regulation Matters Here

GigaStar could have built an unregulated trading platform. It would have been faster and cheaper. Instead, GigaStar Securities registered as a broker-dealer and operates an Alternative Trading System (ATS) under SEC and FINRA oversight. Why take the harder path?

Because trust is the product. An unregulated marketplace would undermine the same credibility that makes CRT offerings viable in the first place. Investors who chose GigaStar because of its SEC registration and FINRA membership expect that same regulatory framework when they trade.

What This Means in Practice

The regulated ATS provides price transparency — you can see bids and asks. It provides fair execution — orders are matched based on established rules, not backroom deals. And it provides regulatory accountability — GigaStar Securities operates under the same oversight framework as other broker-dealers.

The Trade-Off

Regulation adds cost, complexity, and development time. The secondary market took longer to build than an unregulated alternative would have. That's a real trade-off, and it's one GigaStar made deliberately. The bet is that a regulated market attracts more serious participants and sustains greater long-term confidence than an unregulated one.

This content is for educational purposes only and does not constitute investment advice.

Key Takeaway

Stay informed about the latest developments in the Creator Economy. Follow our insights for timely updates on the GigaStar platform, regulatory changes, and investment opportunities.

Related Questions

What is the GigaStar secondary market?

The GigaStar secondary market platform, called GigaStar Trading, is an SEC-registered digital Alternative Trading System (ATS) that allows eligible investors to buy and sell previously issued Channel Revenue Tokens (CRTs) with other investors after the initial offering period and any applicable restricted period, subject to securities regulations and platform rules. (e.g., Reg CF = 12-month restricted holding period). This secondary market platform enables peer-to-peer trading of existing CRTs. Note that Investment offerings are speculative, illiquid, and involve a high degree of risk, including the risk of loss of your entire investment. Securities purchased in GigaStar Market must be held 12 months before trading in the secondary market. There is no guarantee of an active or liquid secondary market and investments are subject to market risk and will fluctuate in value. Past performance is not a guarantee of future results.

How is the secondary market different from GigaStar Market?

GigaStar Market (Primary Market) is an SEC-registered Funding Portal and member of FINRA that offers securities under a Regulation Crowdfunding (Reg CF) platform. This is the primary marketplace where Channel Revenue Tokens (CRTs) are first issued and sold directly to investors to fund a Creator. GigaStar Trading (Secondary Market) is an SEC-registered broker-dealer (BD) operating a digital Alternative Trading System (ATS) for the trading of Digital Asset Securities. This is a secondary market trading venue separate from the primary market, where eligible investors may buy and sell CRTs with one another. Primary offerings raise capital for Creators. Secondary trading allows existing investors to trade CRTs, transferring ownership, subject to market availability. NOTE: Investment offerings are speculative, illiquid, and involve a high degree of risk, including the risk of loss of your entire investment. Securities purchased in GigaStar Market must be held 12 months before trading in the secondary market. There is no guarantee of an active or liquid secondary market and investments are subject to market risk and will fluctuate in value. Past performance is not a guarantee of future results.

What assets can be traded?

Eligible Channel Revenue Tokens (CRTs) that were issued in primary offerings, have satisfied applicable holding requirements (12-month holding period from initial purchase) and meet platform eligibility standards can be traded on the GigaStar Trading platform.

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