The Financial Industry Regulatory Authority Inc. has approved the broker-dealer status of Gemini Galactic Markets, an affiliate of Gemini Trust Co., which is controlled by twins Cameron and Tyler Winklevoss.

As a result of the approval, Gemini Galactic can operate an alternative trading system, which will facilitate the trading of digital asset securities, it said in a blog post on its website.

The initial securities to be traded on the platform include private placements, and may eventually include public offerings, John Reinhardt, Gemini’s director of custody operations, told the website CoinDesk.

[More: Winklevoss twins call on advisers to get on bitcoin bandwagon but they’re not budging]

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