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 at KoreInside. This appointment brings one of the most influential voices in modern capital markets to a company building what it describes as the first secure, end-to-end infrastructure for private capital markets.
KoreInside provides 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. The platform aims to enable private market activity to function with the rigor and efficiency expected in public markets without sacrificing regulatory compliance, covering everything from issuance and shareholder management to clearing, settlement, disbursement, distribution, and aftermarket support.
Weild's background is particularly relevant to KoreInside's mission. The Jumpstart Our Business Startups (JOBS) Act, which he helped architect, was 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. More information on the JOBS Act can be found at https://www.sec.gov/spotlight/jobs-act.shtml.
According to Weild, the current lack of standardized infrastructure in growing private markets is a critical roadblock for intermediaries, issuers, and investors. "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," Weild said. "It's time to help private markets realize their full potential."
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, help drive their growth, and speed institutional blockchain adoption. Jofre noted that the appointment strengthens KoreInside's operational and strategic capacity while elevating its credibility with regulators, investors, and global financial institutions.
The move addresses a significant industry challenge. Private capital markets are growing rapidly, but the infrastructure behind them remains fragmented. Issuers, broker-dealers, transfer agents, ATSs, RIAs, and funding platforms often operate across disconnected systems, creating compliance risk, operational friction, and investor confusion. KoreInside was built to solve core questions about why private capital markets have lagged in infrastructure, how compliance-first architecture can reshape transactions, and what intermediaries need as these markets mature.
Jofre added that Weild's network will help bring KoreInside's infrastructure to all regulated intermediaries—broker-dealers, funding platforms, and transfer agents—and corporations most likely to benefit from the technology. KoreInside's core infrastructure includes KoreID, an interoperable investor and issuer identity passport, and KoreChain, described as the first SEC-qualified blockchain for private securities, enabling scalable, compliant, and auditable private market transactions. The company positions itself as a neutral, non-competitive infrastructure provider, architected as a DTCC-equivalent for private markets, powering various financial intermediaries through white-label, API-first platforms.
