The Nasdaq predicts that 2019 will be the year of the STO, as regulators in global markets are setting the stage for adoption and working toward creating stable regulatory environments. Hopefully, these measures serve as a positive harbinger of things to come and provide a vital tool as the U.S. and other jurisdictions try to navigate toward safer financial waters in 2019 and beyond.
In short, this is an important turning point where we have to decide if we want to seize the opportunity to rewrite the rules of the financial system with new DLT-based and DLT-compatible infrastructure for the creation of security tokens to make it more resilient, sustainable and safe in order to make sure history does not repeat itself. Full story
Blockchain technology company Swarm, a which provides fee-free tokenization of assets which pay dividends, will allow asset providers with proper licensing and KYC measures to issue security tokens on the TRON blockchain, according to an announcement last week. Source
As of April 30th 2019, Gemini has formed an exclusive partnership with all-in-one tokenization platform Harbor. Users of Harbor’s security tokenization platform will now be able to invest in deals using Gemini’s stablecoin— Gemini Dollar (GUSD). Source
Following on the heels of the launch of security token trading platform Cezex earlier this year, the Philippines’ Cagayan Economic Zone Authority (CEZA) has awarded the Asia Digital Asset Exchange (ADAX) with an Offshore Virtual Currency Exchange (OVCE).
The OVCE will allow ADAX to offer and list assets, utility and virtual currency tokens. ADAX plans to operate both a security token issuance platform and a security trading exchange (secondary market) focusing on the digital asset-backed token class, offering opportunities for Asia-based investors to purchase and trade asset-backed tokens. Source
“The tokens can be given regulatory compliance which is already very difficult if your token is being traded on anonymous exchanges. The main issue remains that there is still a technological risk on which database the token would be sitting on and how secured that database would be.”