London, United Kingdom. Sept 17, 2018 —TokenMarket, the Gibraltar and London based token sale advisory firm, is pleased to announce the launch of its new Security Token Offering (STO) service.
This STO Service will assist issuers and investment banks with all the technical aspects of the token issuance, including in-house developed, world-class security token framework.
As of today, TokenMarket is already building a pipeline of STO issuances.
Tokenization in this context refers to a method of converting rights to an equity or debt instrument into a token — a digital representation that lives on a blockchain. Tokens retain the investor protections of a regulated asset, but still enjoy the benefits of blockchain technology with instant settlements, borderless distribution (in accordance with legal and regulatory requirements) and counterparty risk mitigation.
While the financial regulations are adjusting to blockchain technology, the first investment types are likely to be private placements and crowdfunding of SME growth companies, real estate, and investment funds.
TokenMarket assists issuers with a variety of services including tokenization of new and existing assets on the blockchain, programming of associated token rights such as dividend and voting rights into the token smart contract, on-chain governance, as well as more general strategic and technical advisory.
Ransu Salovaara, CEO of TokenMarket, said:
We are excited to start a new chapter by offering solutions and services for asset tokenization. With over $350 million dollars worth of ICO’s under our belt, we know a lot about token offerings from technology to strategy. We’re currently in talks with businesses across multiple sectors on how we can best facilitate STO’s for startups and growth companies.
While Mikko Ohtamaa, CTO of TokenMarket, had this to add:
Our token sale smart contracts have been battle tested in dozens of offerings including ones from third party vendors. Likewise, our STO toolchain will be available under the Apache 2 Open Source License. We are excited for what the future of our STO service holds.
TokenMarket’s regulatory efforts are moving forward as the company was accepted into the FCA Regulatory Sandbox in July of this year. In addition, TokenMarket has been given a trial period to test and measure the implementation and the practice of tokenizing equity in the UK. TokenMarket has also received “In Principle” Distributed Ledger Technology (DLT) approval from the Gibraltar Financial Services Commission (GFSC).
More information regarding the TokenMarket STO Services offering can be found at: https://tokenmarket.net/security-token-offering
For more information about the upcoming open source technology visit: https://github.com/TokenMarketNet/tm-01-security-token