Hello
Happy New Year from myself and from everyone at Tokeny. We hope you had a great 2018 and we wish you all the best for the year ahead.
We were founded in October 2017 and last year was Tokeny‘s first complete calendar year in operation. We’re very proud to say we achieved a number of milestones by working with 18 clients on five different continents. We released our Security Token Offering (STO) suite of solutions including the only token standard for managing the transfer of security token ownership on the blockchain: the T-REX (Token for Regulated EXchanges). Outside of Tokeny, it was great to see our partners going on to fantastic advancements. Having seen so many credible and talented people join the security token ecosystem we’re more inspired than ever in our mission to revolutionize the way capital markets operate.
2018 saw a rise in security tokens and significant investments made in the blockchain ecosystem, giving many of us strong foundations to work on. Despite the bearish crypto-market, key investments and progress were made across providers in wallets, exchanges, custodians, broker solutions and more, with many people looking for where to buy ripple australia off of the back of it. For this newsletter, I will give my top three industry advancements we need to see in 2019 to realise mass security token adoption:
1. More exchanges for security tokens opening: The first exchanges for tokenized securities will go live. Open Finance Network is already leading the way by offering a new kind of secondary market and soon other regulated exchanges, both centralized and decentralized, will open their doors, and, with time, fulfill the promise of liquidity.
2. More awareness amongst institutional investors: The number of relevant projects will increase massively and this will encourage institutional investors. Real estate, debt and funds will probably be the first products to be tokenized. With the first successful use cases, the boutique investment banks will innovate and cause larger institutions to take note.
3. Clearer regulations: In many key jurisdictions the picture is still not clear when it comes to the acceptance of tokens as a form of representation for financial products. To allow institutional investors to benefit from blockchain technologies, regulators will have to make their stance clear so players can act with confidence. Europe is moving forward very quickly and hopefully some kind of harmonization between jurisdictions will emerge.
Last month we saw further strides in the development of the security token space as a new exchange emerged, France announced it will invest €500m in blockchain technology and the UK government plans to give the FCA power to regulate virtual currency assets. Clearly there is still a long way to go before mass adoption, but each month the momentum builds.
I hope you have found this edition useful. If you have any questions then please do not hesitate to contact us.
Best wishes,
Luc Falempin
Tokeny CEO