Smartlands Sets Up Its First Security Token Offering (STO) based on Stellar Blockchain
SmartLands, an FCA-regulated STO platform has initiated its maiden Security Token Offering (STO). What does this new initiative have to offer? Well, this is a representation of tokenized investment in a student’s building project in Nottingham. The exclusive offering began with an initial minimum investment of 25,000GBP. On the other hand, the public sale was launched at the beginning of the month with a minimal investment of 500GBP.
According to SmartLands, there are cases that offer dividend incomes of more than 5.5% per annum and capital growth.
SmartLand program utilizes the stellar (XLM) blockchain technology to make equities and stocks digital for the people that are interested in participating. In addition, SmartLands is also concentrating on an MTF license that will give the firm and other partners the opportunity to be a custodian of customers securities, settle transactions, pay out dividends and interests as well as international exchange operations.
As SmartLands is currently pursuing this important license that will allow them to carry out an entirely compliant STO platform, they are now partnering with other trading exchanges that have the MTF licenses already. Since their partners hold licenses issued by the UK Financial Conduct Authority, they have the legal capacity to carry out the transactions.
The ICO craze came and went, now security tokens have come and they provide a choice of legal alternatives for combining the pros of the blockchain technology with the traditional financial world.
An Estonian start-up based in Europe knows as DX.exchange has become popular since it launched tokenized stocks as well as ETFs trading. This will allow all the qualified security tokens to be listed on -the platform. This start-up that is also based in Israel, has qualifications that investors must meet. For instance, all the tokenized securities must adhere to ESMA’s updated terms and conditions as well as MiFID II rules.
Ilya Obraztsov, the VP of SmartLands Technology, said that they are improving on the regular finance models by creating an international ecosystem that provides access to other different investments and creates openings to high-paying projects.