Are NFTs securities?

Upstream has taken a proactive approach to navigate any regulatory changes on the horizon

Upstream’s position

Upstream, a MERJ Exchange Market, is the first regulated securities exchange to offer NFT trading alongside digital securities. As a trailblazer, our trading app has an innovative methodology capable of supporting NFTs as securities in the global market if the need ever arises.

Upstream’s new wave of NFTs

The first wave of NFTs were speculative, but a new wave being ushered in by Upstream target fan engagement NFTs. We anticipate that this new wave of NFTs will put a strong emphasis on community building, accessibility, and utility. We also anticipate that this new stage of NFTs will bring in an entirely new wave of fans who are not yet familiar with NFTs, Web3, and how exactly it will benefit them.


By making NFTs easily accessible, affordable, and compliance-focused, millions of fans can enjoy digital collectibles from their favorite athletes, musicians, and entertainers. Upstream will continue to be proactive and protect our community with forward-thinking solutions and methodology


1 Bloomberg Report

About Upstream

Upstream, a MERJ Exchange Market (, is a fully regulated global stock exchange for digital securities. Powered by Horizon’s proprietary matching engine technology, the exchange enables investors to trade shares in IPOs, NFTs, U.S., and international dual-listed equities, and celebrity ventures directly from the app Interested issuers can reach the team at

About MERJ

MERJ Exchange (MERJ) operates Upstream as a fully regulated and licensed integrated securities exchange, clearing system, and depository for digital and non-digital securities. MERJ is an affiliate of the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA), and a Qualifying Foreign Exchange for OTC Markets in the US. MERJ is also a member of the Sustainable Stock Exchanges Initiative. Visit to learn more.

About Horizon

Horizon is a fintech company that builds and powers global securities exchanges with an integrated suite of software for compliant issuance, management, and secondary trading of securities. Their in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the U.S. and globally. Learn more at


*NFTs received have no economic value, royalties, equity ownership, or dividends. NFTs are for utility, collection, and display only.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store

A MERJ Exchange Market. Ethereum-powered exchange for digital securities and NFTs