A few weeks ago, the world of tokenized securities took a large step forward to mass institutional adoption.

Templum Markets LLC. has announced a partnership with CUSIP Global Services (CGS), managed by the American Bankers Association (ABA) on behalf of S&P Global Market Intelligence. The purpose of the partnership is to bring institutional standard CUSIP identifiers to the tokenized securities marketplace. …

U.S. Initial Coin Offering (ICO) issuers and their token holders have found themselves in a difficult conundrum since the SEC published its DAO investigative report on July 25, 2017. It is likely the SEC considers some ICOs conducted prior to the DAO report to have constituted offers and sales of securities, despite taking place when the regulatory environment for token offerings was less clear. Subsequently, some ICOs could be deemed to violate U.S. securities laws and those ICO issuers could be held liable for these violations. We have already seen examples of SEC actions since the report’s publication.

The DAO report provides further clarity and a step toward bolstering investor protection in the ICO process, but unintended consequences extend beyond the possible violations of U.S. securities law by ICO issuers. The knock-on effect was the delisting of tokens from existing token exchanges that do not have regulatory approval for securities trading. As a result, ICO investors with tokens that may be deemed securities currently lack a legal means to seek liquidity for their holdings. …

Templum Blog

#Blockchain powered #fintech firm facilitating regulatory compliant #ICOs as #securities and secondary trading of digital assets

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