David Weild IV, 'Father of the JOBS Act,' Joins KoreInside to Transform Private Capital Markets Infrastructure

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's objective is to enable private market activity to function with the rigor and efficiency expected in public markets without sacrificing regulatory compliance through a single, compliant blockchain infrastructure.

The Jumpstart Our Business Startups (JOBS) Act, signed into law on April 5, 2012, by President Obama, aims to boost U.S. small business growth and startup funding by easing SEC regulations, allowing equity crowdfunding, and reducing compliance burdens. Weild's involvement with this landmark legislation makes his appointment particularly significant as private markets continue to grow while facing critical infrastructure roadblocks. As private markets expand, the lack of standardized infrastructure has become a critical challenge for intermediaries, issuers, and investors alike.

Weild emphasized the broader implications of solving these infrastructure problems, stating, '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. It's time to help private markets realize their full potential.' His perspective highlights why this appointment matters beyond just corporate strategy, pointing to potential macroeconomic benefits from improved private market efficiency.

Oscar Jofre, Co-founder and CEO of KoreInside, explained the strategic importance of Weild's appointment: 'With his deep expertise in new product development in capital markets, policy, regulatory advocacy, and growth-oriented market design, David's leadership will accelerate KoreInside's mission to eliminate friction from private capital markets, help drive the growth in these markets, and speed institutional blockchain adoption.' Jofre further noted that Weild's network will bring KoreInside's infrastructure to regulated intermediaries including Broker-Dealers, Funding Platforms, and Transfer Agents through platforms like KoreInside.

The significance of this development lies in addressing fundamental challenges that have constrained private capital markets. Private capital markets are growing rapidly, but the infrastructure behind them remains fragmented. Issuers, broker-dealers, transfer agents, ATSs, RIAs, and funding platforms still operate across disconnected systems, creating compliance risk, operational friction, and investor confusion. KoreInside was built specifically to solve these problems, asking critical questions about 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.

KoreInside's core infrastructure includes KoreID, an interoperable investor and issuer identity passport, and KoreChain, the first SEC-qualified blockchain for private securities. This technology enables scalable, compliant, and auditable private market transactions. The company positions itself as the DTCC-equivalent for private markets, powering broker-dealers, ATSs, funding portals, transfer agents, banks, credit unions, and RIAs through white-label, API-first platforms. Weild's appointment strengthens KoreInside's operational and strategic capacity while elevating the company's credibility and influence with regulators, investors, and global financial institutions at a time when private market infrastructure is becoming increasingly crucial to economic growth and innovation.