Security token offerings (STOs) were seen as the ‘solution’ to the risky ICO craze of 2017. However, in the past year they have been overshadowed by initial exchange offerings (IEOs). Yet, this will prove to be shortlived. Source
Seychelles-based securities exchange MERJ — which listed the first regulated security token on a national stock market — plans to distribute its equity to Europe via a partnership with blockchain service provider Globacap.
A Globacap press release published on Aug. 29 revealed that MERJ now plans an initial public offering (IPO) to distribute company equity in the form of equity-security tokens. Source
As the enterprise-level tokenized securities sector continues to expand, so does the competition. This month, the start-up INX Limited token exchange announced plans to host an initial public offering (IPO) in the coming weeks. For now, the firm awaits SEC approval of its strategy.
INX Limited seeks to secure $129.5 million in funding to further development on multiple platforms. Importantly, the INX crowdfunding campaign would be one of the first IPO security token sales registered with the SEC. Unlike most STOs, INX plans to make its event open to the public. Source
Fundament Real Estate is an independent project of Fundament Group. Fundament Group offers a one-stop-shop solution for tokenizing investments.