SharesPost Announces Launch of ATS for Secondary Trading of Security Tokens
SharesPost CEO Greg Brogger said, “This is a landmark moment for SharesPost. SharesPost Financial Corp. is one of the first online marketplaces that can support trading of security tokens in compliance with existing securities laws. We are excited to soon be enabling the more than 50,000 accredited investors registered on the SharesPost platform, who have been investing in leading private technology companies for years, to now also participate in the emerging tokenized securities asset class.”
Full press release:
SEC Gives SharesPost Approval For Secondary Trading Of Security Tokens
CfPA's Darren Marble (of CrowdfundX) interviewed re: #ICO and #STO
What’s the Difference Between a Regulated ICO and an STO? by Christina Comben
“There’s a small number of con artists and scammers ruining it for everyone else. No company ever can guarantee 100 percent return on investment. That’s a red flag; that’s the very definition of a scam,” says Darren Marble, CEO of CrowdfundX.
CrowdfundX is a fintech marketing firm that has spent the past three years marketing regulation A+ IPOs to the New York Stock Exchange and the Nasdaq.
And since he so kindly brought the STO acronym to our attention for the first time, it’s only fitting to let him explain it in greater detail in his own words....
The Stock Exchange of Thailand (SET) has officially launched a blockchain-powered crowdfunding platform for startups in the country.
Dubbed LiVE, the new crowdfunding marketplace from the SET is built on a blockchain that enables startups and small enterprises to access funding from venture capital funds and institutional investors directly via peer-to-peer trading.
Full article ...
In part, the consequences of a fast moving industry facing regulatory uncertainty ...
Telegram’s ICO was supposed to be a record-breaker to develop a platform that brings the decentralized internet to life. Instead, it has become a mess with the tightly controlled fundraising process in disarray as early backers sell their tokens for handsome returns...
"ICO alternative" sounds like plain ole' crowdfunding ... although they label it: "JOBS Crypto Offering (JCO)"
The JCO works in three stages:
Stage One — Under Regulation D (Reg. D), a company offers purchase agreements to accredited investors in a presale. These purchase agreements are being referred to informally as a “Block-SAFE.”
Stage Two — Once the company meets the capital raise goal they have set, they submit documentation to the U.S. Securities and Exchange Commission (SEC) to get approval to issue digital equity securities to the public under Reg. A+, or by filing a registration statement under the Securities Act.
Stage Three — Under Reg. A+, the securities become available to both accredited and non-accredited investors, and can then be traded on an alternative or traditional exchange approved by the SEC. According to the IBI website, “These equity tokens represent one share of stock in the company, and they are able to pay dividends.”