STO Weekly Review by Evercity 8-14.04.2019

Projects
🐝Swarm brings security tokens to TRON blockchain: the blockchain tech company which provides fee-free tokenization of assets which pay dividends, will allow asset providers with proper licensing and KYC measures to issue tokens on TRON.

🔄Coinbase-backed Securitize has launched one-stop shop for security tokens. The “Securitize Ready Program” incorporates services from various partners, including Coinbase Custody, trading platforms OpenFinance and Rialto Trading, as well as private investment group CBlock Capital. The program aims to help the clients of these partners – which also include broker-dealers, lawyers and advisory firms – issue and manage security tokens on Securitize platform within regulatory guidelines.

🔛The Gibraltar Stock Exchange (GSX) now allows listing of blockchain-based securities on its GSX Global Market platform.

💵Pennsylvania’s state-backed VC firm Ben Franklin Technology Partners is tokenizing «GO Philly» investment fund with the help of Securitize, aiming to raise $50 million. The tokens will be “a digital representation of a limited partnership contract” and comply with the SEC’s Rule 506(c).

Regulation
🇲🇺Mauritius financial regulator issued guidelines on security token offerings. In the document, the FSC declared that security tokens are considered digitally represented securities as defined in the Securities Act of 2005. As a consequence, when STOs are conducted in or from Mauritius, the offering is regulated by local security regulations, including the requirement for a prospectus.

🇪🇺The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI”

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