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Security token offerings (STOs) are steadily gaining popularity these days, as was predicted for 2018. A few relevant projects if you are interested in this su
by gomox 9y ago
Security token offerings (STOs) are steadily gaining popularity these days, as was predicted for 2018.
A few relevant projects if you are interested in this subject are:
* Securitize.io who assists companies in raising capital through STOs
* GBX.gi who is creating a security token exchange for vetted projects and an ecosystem to provide such vetting (based in Gibraltar, where they have regulatory support from authorities)
* Kairos, a company out of Miami who successfully did a security + utility token raise earlier this year.
That being said, valuations for these security tokens are still crypto-exuberant. I was on the phone today with a company with $1M in revenue raising $20M at $40M pre-money valuation (i.e. a 40x multiple for a company that has little to no growth rate and an unproven business model). In all honesty, even though the deal is bananas by conventional VC standards, I think they will probably raise that money very quickly.
- latchkey 9y agoUS citizens can't register for an account on GBX.gi.