Security Token Offerings: The Next Big Thing in Fintech
Connor Blenkinsop's original article for cointelegraph.com reduced by 76%
Security token offeringsSecurity token offerings - otherwise known as STOs for short - are beginning to provide some stiff competition to IPOs. There are already compelling examples of security token offerings being put to good use. An STO is in the works for a luxury residential development in the British city of Manchester - with at least $25 million in assets being tokenized on the Tezos blockchain.
STOs began to gain prominence as another model for fundraising crypto projects, initial coin offerings, began to fall away. STOs are different because they involve shares in real-world assets being distributed on the blockchain. A threat to IPOs?Some analysts believe security tokens represent the future - a financial product that one day could supersede the old-fashioned way of doing things entirely.
Companies are now trying to educate businesses and investors about what STOs have to offer.
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CN [too long; didn’t read]
Summarised crypto news.