Agenus, an immuno-oncology company with a pipeline of immune modulating antibodies, cancer vaccines, and adoptive cell therapies, announced today the upcoming launch of its Biotech Electronic Security Token (BEST), the first security token offering in healthcare. The BEST token will enable accredited investors to directly invest in a single biotech product while preserving existing shareholder equity. Each token will represent a portion of potential future US sales of AGEN2034, Agenus’ anti-PD-1 antibody, and is entitled to a defined return claimable through token-by-token redemption. View source
TokenSoft has just announced the beta release of their own custody service for security token holders. The custodial service is the first of its kind for legally-compliant security tokens and will be available on mobile devices. The security token custody service will be done through an app TokenSoft created called “Knox.” Named after the U.S. government vault where gold is stored, the beta wallet features multi-signature, identity verification, and allows for the compliant storing of security tokens. View source
Blockport, the Netherlands-based cryptocurrency exchange which successfuly conducted their ICO in early 2018, announced it is now looking to tokenize its company through a Security Token Offering (STO). The new Blockport Securities token (BSP), an ERC-20 standard token issued through Tokeny, a Luxembourg-based tokenization platform, will grant investors the right to dividends and profit sharing and will allegedly be linked to company shares. View source
