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✨Two Congressman for the United States have introduced a bill to exclude digital assets from being classified as securities. The bipartisan legislation (Soto is a Democrat & Davidson a Republican) seeks to draw a “bright line for businesses and regulators” by defining a “digital token” and clarifies that securities laws do not apply to companies that use blockchain once they reach their goal of becoming a functional network. The “Simple Agreement for Future Tokens” or SAFTs has been used as a security vehicle that morphs into a non-security once the token and platform are operational.
Projects
🐧Medici Ventures, the leading blockchain accelerator and subsidiary of Overstock.com, Inc., successfully used Ravencoin blockchain to transfer a digital securities token representing its equity ownership in Chainstone Labs.
🤝TokenizEU, a European-based platform which aims to help companies issue EU-compliant security tokens, has committed to using Ravencoin as a part of their services.
🦖Tokeny, the compliant tokenization platform, has announced the T-REX standard - a decentralized set of global tools, based on the Ethereum blockchain, to allow for the interoperable, frictionless and compliant transfer of tokenized securities.
🏠TokenSoft, a security token offering platform, has partnered with Coinbase to provide an alternative custody solution for clients.
The firm announced Thursday that STO issuers can now choose between self-custody through its platform or third-party solutions, including Coinbase Custody.
Join Security Token Club: https://t.me/stoaccelerator