STO

$1 Bn STO of Tezos On Sales By BTG Pactual

One of the largest banks in Brazil, BTG Pactual has shared its plan to cash in Tezos blockchain for security token offerings (STO) in cooperation with Dalma Capital (an asset manager firm from Dubai). The companies then shared, “Utilizing Tezos, a self-amending blockchain and smart contracts platform will encourage BTG Pactual and Dalma Capital to enhance their digitization efforts, by transacting in digital assets.”

LATOKEN & Dreamr Hurl First STEO At US

Dreamr (a blockchain startup) and LATOKEN (cryptoexchange) in an event in USA has announced the launch of the first Security Token Exchange Offering (STEO), which combines the benefits of STO and IEO types of crowdfunding, and could become a new benchmark for fundraising. Tom Wolfe, calmly commented, “Somebody has to be the pioneer and leave the marks for others to follow.”

Huobi Group Establishing Public Blockchain

Huobi Finance Chain is currently developing a public blockchain for decentralised finance (DeFi). Huobi then explained, “Among other applications, the project will have the potential to host lending services, debt services, stablecoins, security token offerings (STOs) and other means of asset issuance, decentralised exchanges (DEXs), real-world payment services, and more.”

Bitbond To use STO To meet Capital Need

Bitbond (a blockchain based lending platform based in Germany) is planning to use security token offering (STO) to raise €3.5 million. Radoslav Albrecht, founder and CEO of Bitbond explained, Small businesses are an incredibly important part of the economy, and hire the majority of all employed people worldwide. We see this STO as a way to help small businesses create more jobs, and supercharge their own growth,”

Primary STO offering From Smartlands

Smartlands has announced that it has launched its first Security Token Offering (STO), based on tokenized student accommodation in Nottingham. The platform is regulated by UK Financial Conduct Authority (FCA) and uses Stellar blockchain technology to digitize stocks and equities for participating projects. The offering begins with a minimum investment of 25,000 GBP (Pound sterling).

Regulatory Guidance on Security Token Offerings Launched in Mauritius

Regulatory Guidance on Security Token Offerings Launched in Mauritius

The guidelines on launching a security token offerings (STOs) project has been issued by the Mauritius Financial Services Commission (FSC). Apart from that, the FSC has also made it clear that the security tokens are classed as securities as defined according to Mauritius’ Securities Act 2015 and have advised being cautious on the STOs that carry a “high-risk”.

Policy Statement on Security Token Offerings Issued in Hong Kong

Due to the rapid growth of cryptocurrency industries, the Hong Kong Securities and Futures Commission (SFC) has stepped up its strategy in protecting the customer by issuing a policy statement on security token offerings (STOs). The policy issued by SFC follows the policy statement on initial coin offerings (ICO) issued early on 5 September 2017.

STO offering Dispatched By Veritoken Global

Veritoken intents to raise $14 million with its SEC-approved STO (security token offering) to promote the adoption of non-fungible (unique) tokens on the blockchain. Veritoken Global CEO Anne Ahola Ward explained that they are looking out for Proactive Investors, institutional investors & individuals will help them to raise capital to fund developing its NFT tools.

Unlicensed Trading of Security Token Declared as Criminal Offence in Hong Kong

Unlicensed Trading of Security Token Declared as Criminal Offence in Hong Kong

A declaration has been made in a statement by the Hong Kong’s Securities and Futures Commission (SFC) that the unlicensed trading of security token is a criminal offence. The Hong Kong SFC then have made it clear that any person which is intended to distributes or operating Security Tokens related business in the country need to have their license or registered.

STO Launched by Sumner Global

STO Launched by Sumner Global

The largest Security Token Offering (STO) fundraiser in the Middle East for SGHX by Sumner Global Singapore, in conjunction with Sumner Group Holdings (SGH). The CEO of SGH explained, “This fundraiser will allow us to strengthen our portfolio companies and execute our growth strategy throughout the region and globally. We are very grateful to our cornerstone investors for their participation.”