STO Weekly Review by Evercity 8-14.10.2018
Projects
🏖Elevated Returns (invest-management firm with a focus on real estate has closed a $18 million deal for Aspen Digital - offering of tokens that provide investors with a small ownership stake in St. Regis Aspen Resort. SEC-registered Templum Markets acts as a provider for tokenisation and secondary trading services through their Alternative Trading System (ATS).
Regulations
🖇UAE authorities equated initial coin offerings (ICOs) to the issuance of securities. Next year, local companies will be able to officially launch ICOs for fundraising. Currently, ESCA (UAE»s Securities and Commodities Authority) develops legislation basis in collaboration with international advisers, planning to adopt it in the first half of 2019.
Asia
🇨🇳Philippines security token exchange CEZEX is getting ready to expand to Hong Kong in early 2019, aiming to become the first regulated security token exchange in the region. The company will work with a local licensed broker-dealer.