It hardly needs mentioning that in the current era, data is an increasingly valuable commodity. With interest in cryptocurrencies and blockchain-based finance products ramping up, there exists significant demand from financial backers for information about security tokens. Blockchain startup BlockVentures is aiming to meet this need, and last week in the Cayman Islands, the company announced the launch of a comprehensive security token listing platform, Securities.io, in what is claimed to be a first for the industry.
How do Security Tokens Differ from Utility Tokens?
Security tokens are rapidly coming to replace utility tokens and are expected to experience massive growth next year. However, they operate quite differently, and under different requirements. To host a security token offering (STO), a company must fulfil specific conditions. To protect investors from fraudulent behaviour, companies must provide them with a plethora of information, including the company’s physical address, all board members’ names and open financial records. In turn, investors must also comply with strict security regulations. Companies are not allowed to sell security tokens to anonymous individuals – to invest in these tokens, proof of identity is required. Rules regarding KYC (Know Your Customer) and AML (Anti-Money Laundering) laws must me followed when transferring security tokens between owners.
What is Securities.io?
Securities.io is a news and listing platform for financial backers that brings together all of the available information on security tokens. These tokens have either completed funding or are currently fundraising or scheduled to be. Information in the form of news, thought leaders, and a listing platform offering details on tokenized securities is provided. According to Securities.io’s creators, this platform will host a wide range of data for each token, including legal information, STO amount, fundraising start/end dates, business/corporate details, as well as who powers the token issuance.
Securities.io claims to empower investors by enabling them to track down new investment opportunities and discover more about new offerings. Securities.io are clearly aiming to become the industry standard in this specialised field of information provision. Securities.io CEO Antoine Tardif had this to say about the platform:
“Securities.io will become the go-to resource for investors who wish to source investments in tokenized securities, and for companies who are launching securities to recruit investors.”
Antoine goes on to say:
“Many users are confused about security tokens, and we want to make it easy for them to locate this information. We plan on differentiating ourselves by specializing exclusively in tokenized securities.”
A Secure Future?
Before making investment decisions, investors require access to solid, verifiable data on the prospective company. Data is precious, and security is of paramount importance. If Securities.io can offer investors a wide array of security token information via a safe and convenient platform, it may find it has no shortage of clients in the future.
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