The First Security Token Offering of its kind — Sports Ledger STO
We are thrilled to announce the first Security Token Offering (STO) of its kind. As part of our endless journey to revolutionise both the sporting and blockchain worlds, Sports Ledger will be launching an STO. Date TBC.
Earlier this year, we made a colossal decision to unwind months of hard work and preparations and cancel what would have been our Initial Token Offering (ITO). This decision was a hard one, but our research led us to pursue a fully regulatory compliant and future-proof method of raising funds from accredited and sophisticated investors and issuing tokens to our dedicated community in order to ensure the Sports Ledger project would be a globally inclusive movement that stands the test of time. Our search for a jurisdictionally specific alternative to an ITO pointed us to the uncharted waters in the offerings world: the Security Token Offering.
At Sports Ledger, our vision is to be the world’s uncontested leading provider of comprehensive, inclusive sporting interactions.
Our purpose is to revolutionise and redefine how people understand and interact with every part of every sport, delivering unique value for our users and customers while driving positive change in both the sporting world and the global community at large.
To this end, we empower fans and clubs, professional and budding athletes, trainers, agents and corporate bodies to connect, communicate, cooperate and collaborate with each other in an unprecedented and mutually beneficial manner by leveraging cutting-edge analytics, innovative reward systems and new opportunities to engage with passionate, global audiences.
Making smart business decisions and anticipating future regulatory and legal is essential to our ability to fulfill our mission.
Sports Ledger will lead the way in a new era of asset tokenisation and blockchain-driven innovation through our STO, allowing us to stand at the forefront as one of the first companies to allow investors to purchase tokenised rights in our business and platform.
The Sports Ledger STO will be a fully SEC and FCA complaint and regulated offering where participants shall receive a security token that entitles them to future dividends from cash flow generated by the platform, the potential for conversion into common equity in the event of a sale or IPO of the business, and a future allocation of utility tokens once our Sports Ledger platform goes live in 2019.
The ability to offer security tokens to investors and stakeholders will ensure a bright future for the Sports Ledger project. We are excited to highlight and push for change in the market and bring about developments in security token regulations around the world.
We look forward to sharing more details with you all in due course. We have an exciting month ahead and the team cannot wait to share what we been up to.
The Revolution has begun, both on and off the pitch.
No Offer, Solicitation, Investment Advice or Recommendations
This article is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by Sports Ledger Operations. No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing in this article shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this article constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this article should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this article, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this article by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
Follow Sports Ledger on:
Website: https://www.sportsledger.io
Telegram: https://t.me/sportsledger
Twitter: https://twitter.com/sportsledger_io
Facebook: https://www.facebook.com/sportsledger
Medium: https://medium.com/sports-ledger
YouTube: https://www.youtube.com/c/sportsledger
Instagram: https://www.instagram.com/sportsledger
LinkedIn: https://www.linkedin.com/company/sportsledger
Reddit: https://www.reddit.com/r/sportsledger
