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 move signals a significant push to modernize the fragmented infrastructure of private capital markets, which has become a critical roadblock for intermediaries, issuers, and investors as these markets expand.
KoreInside provides the first secure, end-to-end infrastructure designed to make private capital markets work better for all participants, including Broker-Dealers, Investment banks, RIAs, ATSs, Asset Managers, Transfer Agents, issuers, investors, and IR and PR firms. These entities will interoperate on a single, compliant blockchain infrastructure. From issuance and shareholder management to clearing, settlement, disbursement, distribution, and "aftermarket support," KoreInside aims to enable private market activity to function with the rigor and efficiency expected in public markets without sacrificing regulatory compliance.
The importance of this development lies in addressing the infrastructure gap that has stifled the potential of private markets. Weild, instrumental in the Jumpstart Our Business Startups (JOBS) Act signed into law on April 5, 2012, by President Obama, emphasized the broader implications. "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 Weild. "It's time to help private markets realize their full potential." The JOBS Act itself was designed to boost U.S. small business growth and startup funding by easing SEC regulations, allowing equity crowdfunding, and reducing compliance burdens.
Weild's appointment represents a transformative milestone for KoreInside, bringing one of the most influential voices in modern capital markets and capital formation into the company's executive leadership. 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 this appointment strengthens KoreInside's operational and strategic capacity and elevates the company's credibility and influence with regulators, investors, and global financial institutions.
The impact of this collaboration could be profound for the financial industry and the economy. Private capital markets are growing rapidly, but the infrastructure behind them remains fragmented. Issuers, broker-dealers, transfer agents, ATSs, RIAs, and funding platforms still operate across disconnected systems, creating compliance risk, operational friction, and investor confusion. KoreInside was built to solve these issues, focusing on 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. Jofre noted that Weild's network will help bring KoreInside's groundbreaking infrastructure to all regulated intermediaries as quickly as possible. 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.
