This week in Security Tokens 2/2019
1. Wyoming introduces Bill allowing Tokenization of Stock Certificates
House lawmakers in Wyoming (which is known to be crypto-friendly) introduced “House Bill 185” that would allow corporations to issue certificate tokens instead of traditional stock certificates. If the bill passes, companies can do so after July 1, 2019.
The bill states: “The articles of incorporation or bylaws of a corporation may specify that all or a portion of the shares of the corporation may be represented by share certificates in the form of certificate tokens.”
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2. Aspencoin moves its Security Tokens (worth $18 million) over to Securitize
Aspencoin which represents fractional equity ownership in the St. Regis Aspen Resort initially promoted its offering via Indiegogo and issued it with the support of Templum. The SWAP over to Securitize is perceived as an “upgrade” in the eyes of Elevated Returns, the company behind Aspencoin, „making it tradeable in a compliant way across multiple exchanges and marketplaces“ by using Securitize.io’s DS Protocol.
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3. Swarm announces free Tokenization of Securities for its Clients.
Swarm, a non-profit organisation providing open infrastructure for the creation, issuance, and trading of Security Tokens plans to offer a free tokenization service. CEO and Co-Founder of Swarm, Philipp Pieper stated:
“In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand and scale the adoption of digital securities, we have designed a way to not only make tokenization free, but to reward token issuers in the process.”
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4. Allegations against DX.Exchange
Last week we covered the launch of Estonian Exchange „DX.Exchange“ which went live on 07.01.2019, claiming to offer Security Tokens which will represent shares of 10 Nasdaq-listed companies. After their launch many ciritical voices came up, accusing DX.Exchange of being a scam. The exchange’s links with dubios company SpotOption and their tokens not representing actual ownership in stocks have led to these allegations. To form your own opinion, you can read more details in an article by CNN and one by Jack YS Park that you can find here.
5. Official Stock Exchange of Thailand applies for Cryptocurrency License
Thailand’s Stock Exchange (SET) is about to apply for a cryptocurrency license in order to become a digital asset exchange. One of the main reasons for this action is to help its securities firm members who are looking to become crypto brokers and dealers.
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🖊️ From the Blog
Securrency: How to make Security Tokens compliant
In our new interview we are talking with Keith Kitagawa from Securrency about these topics:
— why tokenizing assets?
— biggest challenges of tokenization?
— will Ethereum remain the issuing ledger of choice?
and much more… -> source
⏰ STO of the Week
Look Lateral — USA
Token Type — Equity
LOOK LATERAL is a digital Art Marketplace aiming to bring more transparency, accessibility and liquidity to the art market. Learn more about their STO -> here
💡 Knowledge of the Week
Can digital securities fund an $18 trillion infrastructure gap?
Peter Lyons, Chief Innovation Officer at Atomic Capital wrote this article for the annual meeting of the World Economic Forum in Davos. It covers ways how Security Tokens can enable a transformational process to fund infrastructure projects.
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