BnkToTheFuture Expands STOs to US Market, CEO Predicts Preference for Security Tokens Over Equity in 2020
Cayman Islands-based Global online investment platform, BnkToTheFuture recently obtained a discreet stake in BMI Capital Investment’s holding company reports Coin Desk. This endeavor, achieved on Thursday, November 7, was done with the knowledge that expanding to the U.S. cannot be done without SEC approval. So, the acquisition now makes this goal possible.
CEO Simon Dixon was contacted by the news outlet, to which he shared that he foresees 50 percent of investors possibly leaning towards STOs as opposed to traditional equity. More specifically, he said:
“We forecast by 2020 up to 50 percent will opt for an innovative security token that improves the potential for returns for investors over traditional equity. We are aiming to build a new industry and asset class.”
Ever since STOs became a thing in 2019, the firm was successful in launching two security tokens: A hack recovery token by Bitfinex that also is(convertible to Bitfinex equity) and the a revenue share token by Lottery.com.
As for what’s to come next year, Dixon supposedly highlighted that an additional three STOs will be made available. He went to share on the work they are doing to increase the presence of STOs:
“We are currently working on security tokens built on the liquid Bitcoin sidechain so we can automate Bitcoin dividends under a revenue share model.”
In terms of cryptocurrencies in 2019, the firm mentioned that 61 percent of its investments involved cryptocurrencies, of which 42 percent account for Ether, 36 percent for Bitcoin and 22 percent for stablecoins.