The guidance aims to clarify the legal and regulatory requirements for parties engaging in STO-related activities. The document opens with a proposed working definition of a security token and sale, noting that:
“STOs typically refer to specific offerings which are structured to have features of traditional securities offerings, and involve Security Tokens which are digital representations of ownership of assets (eg, gold or real estate) or economic rights (eg, a share of profits or revenue) utilising blockchain technology.” Source
Universal Market Access (UMA) is a decentralized financial contracts platform. As of March 28th 2019, they have announced the launch of a tokenized version of the stock market. Through the S&P 500, their ERC-20 token will feature fractional ownership in the largest financial markets companies in the United States.
UMA is affiliated with Two Sigma Ventures-backed firm Risk Labs. The company said the new token would initially trade on the decentralized exchange DDEX, which is based in Beijing. Source
Blockchain services firm AlphaPoint has upgraded its tech solution for security token offerings (STOs) in a bid to attract institutional clients.
Revealing the news exclusively to CoinDesk on Thursday, AlphaPoint said with its upgraded technology stack, financial institutions such as private equity, real estate firms and funds can issue asset-backed security tokens, thereby increasing liquidity in the market. Source
CurveBlock, a real estate development company that uses blockchain and security tokens to share profits with investors, today announces it is the first security token company in the UK to be accepted into a commercial bank accelerator program.
The company’s acceptance into UK NatWest Bank’s Accelerator programme reflects the paradigm shift in today’s banking industry and the financial shifts taking place in this digital age. Source