David Weild IV, widely recognized as the 'Father of the JOBS Act' and former Vice Chairman of the NASDAQ Stock Market, has been appointed as an Advisory Team Member of KoreInside. This appointment represents a transformative milestone for the company, which provides the first secure, end-to-end infrastructure designed to make private capital markets work better for all participants. Weild's involvement brings one of the most influential voices in modern capital markets and capital formation into the company's executive leadership.
KoreInside aims to enable private market activity to function with the rigor and efficiency expected in public markets without sacrificing regulatory compliance. Its infrastructure allows Broker-Dealers, Investment banks, RIAs, ATSs, Asset Managers, Transfer Agents, issuers, investors, and IR and PR firms to interoperate on a single, compliant blockchain. From issuance and shareholder management to clearing, settlement, disbursement, distribution, and 'aftermarket support,' the platform seeks to eliminate the critical roadblocks caused by fragmented systems.
'Remove these roadblocks, and we increase the rate of company formation, job creation, innovation, and upward mobility. This in turn will help cure diseases, help shore up our national security, and help pay down our deficit,' said David Weild. 'It's time to help private markets realize their full potential.' The Jumpstart Our Business Startups (JOBS) Act, signed into law on April 5, 2012, by President Obama, aims to boost U.S. small business growth and startup funding by easing SEC regulations, allowing equity crowdfunding, and reducing compliance burdens. The legislation facilitates capital formation by increasing the number of shareholders allowed in private companies and lowering reporting requirements for public companies with less than $1 billion in revenue.
Oscar Jofre, Co-founder and CEO of KoreInside, stated, 'With his deep expertise in new product development in capital markets, policy, regulatory advocacy, and growth-oriented market design, David's leadership will accelerate KoreInside's mission to eliminate friction from private capital markets, help drive the growth in these markets, and speed institutional blockchain adoption.' Jofre added that Weild's network will bring KoreInside's groundbreaking infrastructure as quickly as possible to all regulated intermediaries, including Broker-Dealers, Funding Platforms, and Transfer Agents. KoreInside's core infrastructure includes KoreID, an interoperable investor and issuer identity passport, and KoreChain, the first SEC-qualified blockchain for private securities, enabling scalable, compliant, and auditable private market transactions. More information can be found at https://www.newmediawire.com.
The significance of this appointment lies in addressing the rapid growth of private capital markets, which has outpaced the development of standardized infrastructure. Issuers, broker-dealers, transfer agents, ATSs, RIAs, and funding platforms still operate across disconnected systems, creating compliance risk, operational friction, and investor confusion. By integrating Weild's expertise, KoreInside positions itself to solve key questions: why private capital markets have lagged in infrastructure, how compliance-first architecture is reshaping private market transactions, and what intermediaries need next as private markets mature. This move elevates the company's credibility and influence with regulators, investors, and global financial institutions, potentially reshaping how private markets operate globally.
