Issuers
Public and private companies
CFOs and general counsel weighing whether to tokenize a portion of their shares, and how to keep control of the shareholder relationship when they do.
Who owns our stock, and on whose ledger?
Tokenization · Digital registry · Private markets
Helping issuers and platforms navigate tokenization, private capital, and the regulation in between.
Advisory from an operator who has run the broker-dealer, built the cap table, and sat on the transfer-agent side of the record. We help firms design the ownership record, the market around it, and the licenses that make it legal to run.
Former CEO Securitize Markets
FINRA registered principal
Carta · Computershare · Merrill Lynch
Register of Members · Class A CommonRecord date 27 Oct 2026
| Holder | Units | Form | Record |
|---|---|---|---|
| Fund I, LP | 1,250,000 | ON-CHAIN | 0x7a4e…c91 |
| Employee pool | 412,500 | BOOK-ENTRY | DRS-00418 |
| Series B investor | 96,000 | ON-CHAIN | 0x19bd…02f |
| Founder trust | 2,100,000 | BOOK-ENTRY | DRS-00102 |
| ATS secondary buyer | 8,750 | ON-CHAIN | 0xe03f…5a8 |
Golden record reconciledTransfer restrictions: Rule 144 · Reg D 506(c)
Services
From the ownership record to the market around it
Engagements are scoped around one question: what has to be true, legally and operationally, for a digital security to be issued, held, transferred and traded at scale.
TOKENIZATION
Tokenization strategy
Deciding what to tokenize, under which exemption, on which chain, and who controls the record. We help issuers and asset managers move from pilot to production without handing control of their shareholder base to a third party.
- Issuer-sponsored vs. third-party tokenization models
- Reg D, Reg A+, Reg CF and Rule 144A structuring paths
- Chain, wallet and custody model selection
- Business case and board-level readiness assessment
REGISTRY
Digital transfer agency & registry design
The transfer agent's record is the legal source of truth. We design how an on-chain ledger and the official register stay reconciled, and how a transfer agent offers digital holding without breaking its obligations.
- Golden-record and reconciliation architecture
- Transfer restriction and corporate action handling
- Transfer agent product strategy for digital securities
- Vendor and platform due diligence
MARKETS
Digital ATS & secondary markets
Liquidity for private and tokenized securities depends on a market structure regulators will approve and participants will use. We design the venue, the rulebook and the flow of orders and settlement.
- ATS business model and Form ATS-N / ATS readiness
- Private-company tender and secondary programs
- Order flow, matching and settlement design
- Issuer controls over secondary trading
LICENSING
Broker-dealer formation & regulatory readiness
Hands-on support through FINRA membership and continuing membership changes, with experienced principals available to step into CEO and CCO roles while a firm builds its bench.
- FINRA New Member Application (NMA) and CMA
- Written supervisory procedures and controls
- Fractional CEO and CCO principal support
- Exam preparation and regulator correspondence
POST-TRADE
Post-trade & ecosystem strategy
Tokenization only works when custodians, transfer agents, broker-dealers and venues agree on who does what. We map the ecosystem, broker partnerships and build the operating model that connects them.
- Clearing, settlement and custody operating models
- Partnership strategy across TAs, custodians and venues
- Market-entry plans for platforms entering regulated finance
- Go-to-market for infrastructure providers
Who we serve
Built for the firms that hold the record or move it
Record keepers
Transfer agents & registries
Established TAs and cap table platforms adding digital holding, on-chain records and secondary access to their existing books.
How do we stay the official record?
Intermediaries
Broker-dealers & ATS operators
New and existing firms forming, expanding into digital securities, or launching a venue for private-market liquidity.
What will FINRA need to see?
Platforms
Tokenization & fintech platforms
Technology companies that need a licensed path, the right partners and a market structure institutions will trust.
Which licenses do we need, and which can we partner for?
Capital
Asset managers & funds
Managers tokenizing fund interests or real-world assets, and building distribution and liquidity around them.
Does tokenization widen our distribution?
Investors
Investors & diligence teams
Investors and acquirers who need an operator's view of a digital-securities business before they commit capital.
Will this model survive regulation?
About the principal
Scott Harrigan founded Harrigan Digital Advisory after two decades on every side of the ownership record.
He has led regulated broker-dealers as CEO and chief compliance officer, built private-market products at a cap table platform, and worked inside one of the world's largest transfer agents. That range means advice that accounts for the regulator, the record keeper and the business at the same time.
Clients get a senior practitioner on every engagement, not a team learning on their project.
- Harrigan Digital AdvisoryFounder & Principal · 2026–
- Broker-dealer leadershipCEO and CCO roles at FINRA member firms
- AltoPresident
- Securitize MarketsCEO, digital securities broker-dealer and ATS
- CartaPrivate markets and secondary transactions
- Computershare · Merrill LynchTransfer agency and capital markets
Approach
How we work
Operator, not observer
Recommendations come from running these businesses and filing these applications, so they arrive with an implementation plan attached.
The record comes first
Every design starts from the legal ownership record. If the register is wrong, nothing built on top of it holds up.
Regulation as design input
Exemptions, licensing and supervision shape the product from the first sketch instead of being patched in before launch.
Fixed scope where possible
Clear deliverables and fixed fees for defined work like readiness assessments and applications. Retainers for ongoing principal roles.
Introductory call
A confidential conversation about your goals, timeline and constraints.
Scoping
A short written proposal with deliverables, timeline and fee.
Delivery
Working sessions, documents and filings, with weekly progress reviews.
Launch support
Help through regulator review, go-live and the first months of operation.
Contact
Start with a conversation
Tell us about your project. Every inquiry is confidential, and we respond within one business day.
- hello@harrigandigital.com
- Based
- New York metro area
- Harrigan Digital Advisory