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NBA player to tokenize $34M contract, sell shares in ICO-like sale
- gamblor956 7y agoHopefully (but unlikely) Spencer talked to lawyers first, as his token would be a textbook example of a security, and this sale would appear to be a public offering as defined by securities laws and regulations. Alternatively, this could be a scam or a marketing stunt.
- nostrademons 7y agoThe article says that it's an STO, which is a tokenized security on a blockchain. These are usually filed under SEC Form D and are offered only to accredited investors.
- jelling 7y agoDNP: SEC decision
- bhahn 7y agoI'm wondering what benefit this offers over getting a traditional loan from an institution, which he could (likely) get against the value of his contract. There is definitely publicity. Anything else?