Top 3 Security Tokens News – Weekly Digest (15 – 21 July)

Overstock.Com Issues Letter To Shareholders Praising Security Tokens

“100% of the stock and bonds on Wall Street token could be tokenized, and in five years 100% of the stocks and bonds on Wall Street will be tokenized,” he writes. Moreoever, he makes the case that those exchanges which trade tokenized securities have a lot to gain from the industry’s growth. – Patrick M. Byrne, the CEO of Overstock.com

“If those $500 trillion in assets get tokenized, and if the exchanges that trade the tokens follow the 0.18% valuation rule, then the value of security exchanges globally will be $500 trillion x 0.18% = $ 900 billion.” Source

Germany: BaFin Approves Next Security Token Offering as StartMark Seeks €50 Million

Germany’s security regulator the Federal Financial Supervisory Authority (BaFin) has approved the prospectus of StartMark STO to pursue a security token offering (STO). The approval was received on July 15. This will be the 2nd STO receiving the blessing of BaFin as Bitbond recently became the first company to issue blockchain-based securities with the explicit approval of BaFin. Source

Malta Financial Services Authority Issues Consultation Paper On Security Tokens

The Malta Financial Services Authority (MFSA) has just issued a report on security token offerings. The consultation paper is meant to be a recommendatory outline to better the regulatory framework in the small nation. Source