Luzius Meisser Says 2019 Crypto Innovation Will Be Stablecoins and Security Tokens as Main Focal Points
Stablecoins and Security Tokens will be leading innovation in the future, says Luzius Meisser, Bitcoin Association Switzerland board member. During an interview with Cointelegraph, he talked about virtual currencies, the crypto market and the future of the space.
Meisser is the co-founder of the Bitcoin Association Switzerland, an entity created back in 2013. At the same time, he is a member of the board of directors for the crypto brokerage firm Bitcoin Suisse AG.
About the future of the space, he said that Initial Coin Offerings (ICOs) are changing. He mentioned that investors in ICOs were taken as donors rather than having specific rights related to the company. Furthermore, he mentioned that security tokens could play an important role in shaping the future of the crypto industry.
However, he mentioned that although utility and payment tokens are ‘more or less over’ there are some projects such as stablecoins that could be considered.
About it, Meisser commented:
“Stablecoins are a precondition to enable average companies to bring their equity onto the blockchain, because if they issue bonds or shares they want to do so against U.S. dollars, euros or Swiss francs because those are the currencies they calculate in, not in Bitcoin (BTC) or Ethereum (ETH).”
He went on explaining that Swiss banks are risk averse and that they try to avoid digital assets and investment in the crypto market.
During parts of 2017 and 2018, Initial Coin Offerings were able to gather millions of dollars from investors. However, as the crypto market has been in a bear trend and with increased regulatory scrutiny, companies and startups decided to stop releasing coins to the market. In the future, new security tokens could revolutionize the entire crypto industry.