It was a slow news week in security tokens. So we start with a downbeat analysis from Asia. Why is the growth engine of the world not excited by security token offerings?
“The lack of interest is particularly striking in Thailand and Taiwan, two areas that were among the first to enact STO regulations to encourage the investment.”
Two issues stand out. One is the cost to do an STO is high. The second is that developing markets such as Thailand and Taiwan don’t yet have the investor liquidity of major hubs such as New York and London.
“The Stellar Development Foundation (SDF) announced Wednesday it has invested $715,000 worth of lumens (XLM) tokens in DSTOQ, a security token platform that provides traders with access to global markets from their smartphones.”
However note that Stellar was investing their own currency not a “real” currency like USD.
“Meanwhile, Konings has already moved on to his next project, Security Token Group, of which he is a founding partner. Konings says the group has already raised over $1 million dollars in financing, and employs a small team of consultants, developers, and fund managers across its subsidiaries. The company is also on track to break $1 million in revenue this year.He predicts 2020 will be “the year of the security token.”
In short, this week felt more like 2018 with a lot more talk about the future than big things happening today.
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