"Security Token Offerings" TAG

Staking and Securities Laws
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From a bird’s eye view, node operators may look like shareholders: a person invests ~90$k USD in cryptoassets (DASH) via staking to be a ‘Masternode’ operator, which confers the right to collect block rewards (~564$ per month). These rewards one might conceive as a kind of dividend— a dividend with a ~7% yield compared to the more typical...
Security Token Design
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Key Takeaways The design of a security token–its legal rights, claims, and governance powers–is a critical feature in making digital securities attractive as investment opportunities. Many STOs, both successful and otherwise, involve legal instruments that seem vastly inferior, or at best difficult to compare to their traditional counterparts. The industry needs thoughtfully designed security tokens...
Q3 2019 Security Token Update
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Introduction The multiple promises of security tokens have been widely described by a variety of commentators in a series of articles extending back even prior to the so-called ICO boom of late 2017. As Smith + Crown has explored elsewhere, the ensemble of arguments in favor of the promise of a security token future, one...
Global Blockchain Funding
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A Comprehensive View: ICOs, IEOs, STOs, and Equity Raises Smith + Crown is releasing the first global look at blockchain funding. This set of data shows how much money is flowing into the industry via various capital raise structures, including: Equity Funding for blockchain startups Initial Coin Offerings (ICOs) / Open Token Sales, drawing from...
Security Token Overview Series Part Two: The Emerging Stack to Support STO Markets
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Overview The widely anticipated securities token revolution is often presented as the virtually inevitable extension of the cryptocurrency and blockchain ecosystems’ growth and development. Yet, even if one agrees that this is the most accurate and fitting description of this trend, one must also acknowledge that the trend is built upon a number of foundational...