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. 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 a critical roadblock in the rapidly growing private markets: the lack of standardized infrastructure. Private capital markets are expanding, but issuers, broker-dealers, transfer agents, ATSs, RIAs, and funding platforms still operate across disconnected systems. This fragmentation creates compliance risk, operational friction, and investor confusion, ultimately hindering capital formation and economic growth. Weild's involvement signals a concerted effort to eliminate these barriers, which he believes could increase company formation, job creation, innovation, and upward mobility, potentially helping to cure diseases, shore up national security, and pay down deficits.
Weild's expertise stems from his role in shaping the Jumpstart Our Business Startups (JOBS) Act, signed into law on April 5, 2012, by President Obama. The legislation aims to boost U.S. small business growth and startup funding by easing SEC regulations, allowing equity crowdfunding, and reducing compliance burdens. It 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. His appointment brings one of the most influential voices in modern capital markets and capital formation into KoreInside's executive leadership, enhancing the company's credibility and influence with regulators, investors, and global financial institutions.
KoreInside was built to solve key issues, including 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. The company's infrastructure, architected as a DTCC-equivalent for private markets, includes KoreID, an interoperable investor and issuer identity passport, and KoreChain, the first SEC-qualified blockchain for private securities. This enables scalable, compliant, and auditable private market transactions, allowing participants to interoperate on a single, compliant blockchain infrastructure from issuance and shareholder management to clearing, settlement, disbursement, distribution, and aftermarket support.
Oscar Jofre, Co-founder and CEO of KoreInside, stated that Weild's deep expertise in new product development, policy, regulatory advocacy, and growth-oriented market design will accelerate the company's mission to eliminate friction from private capital markets, drive growth in these markets, and speed institutional blockchain adoption. Weild's network is expected to bring KoreInside's groundbreaking infrastructure to all regulated intermediaries, such as broker-dealers, funding platforms, and transfer agents, as quickly as possible. This move could reshape how private markets operate, offering a more efficient and compliant framework that benefits intermediaries, issuers, and investors alike, ultimately contributing to broader economic and societal impacts.
