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”.
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.
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.
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.
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.”
Eric Lifson, President of Skrumble Technologies announced that they’re planning to build GAX (Global Asset Exchange) an institutional-grade trading exchange for buying and selling regulated securities (STOs). Blockchain expert and Securitize Founder & CEO Carlos Domingo commented, “It’s inevitable that security tokens will transform equity just as Bitcoin has transformed currency…”
DESICO, a platform for security token offerings (STO), has added Paysera, a fintech payment solution system with a vast network of banking partners as its first client in STO which is scheduled for April and will be open to retail investors. DESICO has also announced partnerships with Blocktrade and Securitize.io.
A crypto asset exchange, LATOKEN has agreed to list tokens of REMCO software, a distributed utility token-generating platform for money transfer. “With this new listing on the LATOKEN trading platform, the REMCO security tokens will allow smooth conversion between token and fiat. LATOKEN’s innovative approach appealed to us,” said CEO of REMCO Software, Peter Ojo.
The People’s Bank of China (PBoC) officially declared it is all set to ban security token offerings (STOs), which issued staunch warnings in the past few months. Pan Gongsheng, the deputy governor of the PBoC, stated that both ICOs and STOs are illegal in the nation. Before the crackdown, China was the world’s biggest hub for ICOs and digital currency transactions.
Alethena is a blockchain-asset rating agency which is a start-up based in Switzerland has launched its security token offerings (STO) by complete the tokenization of its capital on the Ethereum blockchain. This makes them pioneers in raising capital through STO in the European region. This helps them in the legal, security area and also this makes independent of investment size.
Apr 17, 2019
Apr 17, 2019
Apr 17, 2019
Apr 17, 2019