1Hong Kong Official Regulator Explained its Attitude to STOs
In a statement dated March 28th 2019, Hong Kong’s securities regulator— the Securities and Futures Commission (SFC)— has provided official guidance on security token offerings (STOs). Three key points were outlined for security token issuers and intermediaries, which ultimately highlighted how security tokens are subject to the existing securities laws in Hong Kong. View source
2OpenFinance Network to Enter Aisan Market
Following the China Digital Economy Global Innovation Forum, BitMart released more information about their Security Token Offering (STO) service than initially anticipated. BitMart has now partnered with investment fund and advisory group The Cabin Capital to facilitate OpenFinance Network’s entrance into the Asian market. View source
3UMA to Issue Security Token Which Represent Ownership in S&P Top 500 Companies
Decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization (DAO) MakerDAO to release a token tied to the United States stock market, UMA announced in a blog post on March 27. USStocks is an ERC20 token representing synthetic ownership of an index of the 500 largest exchange-listed US stocks. This means that anybody with access to the internet and digital money can participate in the US stock market. View source
Weekly Website Review - Grade Calculator
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