Right now, there is a shift from public token offerings to regulated token offerings, often in the form of equity tokens.
A number of blockchain companies around the world are busy creating their own digital standards for tokenised corporate shares. David Siegel, Chairman of 20|30, a start-up in the FCA sandbox that is testing the primary issuance of tokenised equity, sees the need to create an industry standard for equity tokens. David is leading an international working group to develop an open-source equity-token standard that will serve capital markets for generations. Lawyers, technologists, and policymakers will meet on November 28 and 29 at the Lithuanian Embassy in Brussels for the first workshop to begin drafting an equity token standard. ‘People have been very receptive to us,’ says David, ‘the Chamber of Digital Commerce in the US, various law firms, and virtually all our competitors recognise the importance of enhancing industry cooperation in this emerging market.
Developing a worldwide equity token standard will allow trading platforms to use the same data format, which will increase worldwide liquidity for private shares and beyond.’ 20|30, a member of Crypto UK, is committed to advancing frameworks that promote the cooperation of policy makers and regulated institutions with leading players in the blockchain industry.
David will be at the Pillar Project meet-up at 6:30pm on the 30th of November at Barrio Shoreditch and welcomes interested parties to join for further discussion on the equity token project.
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