2018: The Year of the Security Token
The internet is abound with content advocating or lambasting this significant moment in the history of finance. An interview with Arifa Khan outlines the evolution in plain language.
For anyone wanting to simply understand Security Tokens, then Alex Pompliano article has the most succinct prose I have found:
“Security Tokens are true digital shares that allow for fractional ownership, instantaneous transaction settlement, and regulatory compliant ownership. Previously, if a single share of Apple was trading at $100, an individual could not own the share if they only had $50. Today, digital shares would allow that individual to own 0.5 Apple shares (fractional ownership). The purchase of that Apple equity share would be executed near-instantaneously on the blockchain, if and only if, the buyer and seller were both within the regulatory guidelines for transacting that security. This regulatory compliance check is also done near-instantaneously with blockchain protocols.”
For someone wishing to enrich this solid foundation on Security Tokens, then appreciating the recent boom (and bust?) of ICO’s in the startup work is essential.
So I asked blockchain evangelist, Arifa Khan, Founder & CEO of Himalaya Capital Exchange, for her insight on the biggest movement in FinTech.
Craig writes for Calcey Technologies, a boutique software product engineering agency with roots in the Silicon Valley, that lends its software development muscle to start-ups and scale-ups around the world. Calcey’s team of 100+ engineers, based at its development centre in Sri Lanka, serve multiple startups in London and are keen to engage with more. Their clients also use it as an R&D centre. Calcey recently completed a proof of concept (POC) project around a initial coin offering for one of its client. Calcey’s client portfolio includes well known names such as PayPal and Stanford University as well as exciting startups in London such as Nutrifix.