Security Token Group Accepted As One of Nine Startups in Endeavor Miami’s ScaleUp Program
MIAMI, August 31, 2022 — Security Token Group (“STG”) a venture studio focused on building financial infrastructure to support the growth and development of the security token industry, is excited to announce their acceptance into Endeavor Miami’s ScaleUp Program.
Endeavor selected 9 companies for this fall cohort following its global selection criteria for high-impact entrepreneurs. The ScaleUp Program is an initiative that supports high-impact entrepreneurs in 40+ countries. Unlike other growth programs in the market, their program is non-dilutive. Entrepreneurs’ financial contribution motivates them to be all-in during the program and see an average return of 10x.
Qualifications entail having at least 2 full-time employees (besides co-founders), must be based in Florida, must have product-market fit and must be generating $800K — $2.5M in annual revenues.
Endeavor Miami launched the Endeavor Scaleup Program in 2019. Nancy Dahlberg reported that Endeavor Miami’s Managing Director, Claudia Duran, stated they have accelerated 98 companies, which have generated over $118 million in annual revenues, employed 1,273 people and raised $166 million. Endeavor Miami’s acceleration programs hold an NPS score of 97%.
Security Token Group wholly owns subsidiaries Security Token Market (“STM”, stm.co), Security Token Advisors (“STA”) and Security Token Capital. (“STC”) STG is a venture studio focused on building financial infrastructure to support the growth and development of the security token industry.
STM is the largest repository of security token trading data and news, with a live-trading data feed for over 200 security tokens currently valued at $20B in market capitalization while also tracking over 500 primary offerings. STM also produces professional media programming around the larger blockchain industry, with properties such as The Security Token Show, Spilling the NFTea, Open Tab, and Crypto Con Leche, among others that amass millions of impressions across social media and thousands of hours watched and listened across its YouTube and podcast channels.
Security Token Market recently made headlines through the announcement of its own tokenized crowdfunding campaign with SPiCE VC as the lead investor. This groundbreaking Web3 enabled crowdfund is in the form of a security token on the Avalanche Blockchain, meaning that investors in the campaign will receive a digital token representing the investment in the company.
Security Token Advisors is the leading consulting firm in the security token industry, assisting asset owners ranging from business owners and family offices with large real estate portfolios to governments and sovereign funds in executing a successful securitization leveraging blockchain technology. These engagements consist of leading an asset owner through the process of tokenizing an asset, beginning with token structuring and working with applicable vendors, including legal support, broker-dealer engagements, and investor relations strategies. STA’s experienced team has worked through many compliant securities issuances and has worked with a wide variety of asset classes and jurisdictions.
Security Token Capital will be preparing to launch tokenized investment products that leverage blockchain technology to offer investors new benefits and gains from efficiencies. This new vertical will help support the industry by creating institutional investment products designed to introduce more professional investors and retail traders to security tokens.
Security Token Group has assembled a diverse team of over 25 talented individuals based in Miami, Florida since its founding over 4 years ago. The firm has built industry trust and a strong reputation through its commitment to compliant digital securities being issued around the world. STG hopes to secure market share and become a trailblazer in this growing industry supported by investment banks and regulators alike.
Monthly updates regarding the advancements made in the accelerator will be available here.
—
ABOUT SECURITY TOKEN GROUP
Founded in 2017, Security Token Group is a venture studio focused on building financial infrastructure to support the growth and development of the security token industry. Consisting of three main business subsidiaries, Security Token Market, Security Token Advisors, and Security Token Capital, the conglomerate supports asset issuers across the entire lifecycle of an investment. Learn more at securitytokengroup.com.
ABOUT ENDEAVOR
Endeavor is the leading global community of, by, and for High-Impact Entrepreneurs — those who dream bigger, scale faster and pay it forward. Driven by their belief that High-Impact Entrepreneurs transform economies, Endeavor is on a mission to build thriving entrepreneurial ecosystems in emerging and underserved markets around the world.
Endeavor creates a Multiplier Effect by inspiring high-growth founders to dream bigger, supporting and investing in them to scale faster, and providing a platform to pay it forward — thereby compounding their impact.
Media Contact
Megan Nyvold, megan@stomarket.com
Source: Security Token Group
Related Links
