Security tokens make more sense than utility tokens, according to the latest wisdom among crypto investors. Sure, there are some conceptual gymnastics, but the actual product is a digital equivalent of paper equity, which has been widely traded for almost 500 years. Even the oldest, crustiest investor can buy into that. Source
Tokenizing paper equity may miss the point. To the contrary, security tokens have far more potential for the global financial sphere than the most bullish investors realize.Polymath’s (POLY) Chief Product Officer
On July 21st 2019, the European Union Prospectus Regulation will officially go into effect. The new law will be massively important for the STO sector since it outlines clear disclosure requirements for issuing and trading these tokens.
The goal of the new regulation is to simplify existing capital market restrictions in the European Union. The end result is that it will be easier for emerging and smaller companies to access capital and investors. Source
Societe Generale SFH, a subsidiary of the Societe Generale Group, announced yesterday that it issued covered bonds worth EUR 100 million as security tokens via the Ethereum network. This is the first time the lending firm has made such a move as it explores ways to use blockchain technology to ease financial transactions. Source
Blueshares represent tokenized traditional equity participation shares of Interprom Mining AG. The latter, incorporated in Switzerland is the majority owner of Interprom EOOD, a leading construction and mining company with 23 years of experience, holding 90% stake. Both companies are consolidated into a Group controlled by Interprom Mining AG. Source