TokenizEU to Launch as Security Token Offering Service by Comistar Estonia
Comistar Estonia Launches Security Token Offering Service
In line with its vision of becoming a leading Security Tokens Offerings company in Europe, Comistar Estonia has announced that it will create a platform for the issuance and sale of security tokens. The announcement was made through a blog belonging to the firm’s parent company, Comistar International.
Security tokens are different from other types of tokens in that they are fully compliant with security laws. In this case, Comistar declared that it would leverage the regulations in Estonia, Luxembourg, Switzerland and other crypto-friendly countries to structure the offering if its security tokens. However, the tokens will be available all over the European market.
Lately, blockchain startups have been ditching regulars ICOs in favor of legally-compliant methods. For this reason, Comistar intends to offer advisory services for startups that wish to launch security tokens. Although the security tokens sector is fiercely competitive, Comistar is confident that it can become an industry leader.
The establishment of security tokens is a significant improvement on unregulated ICOs. Though such ICOs have repeatedly said that they are selling assets rather than securities, they have been continuously accused of selling unregistered securities. As a result, many people have lost trust in the crypto market. Amazingly, such criticism has affected popular networks such as Ripple and Ethereum blockchains.
As of now, exchange platforms do not have the infrastructure required to trade security tokens. Nevertheless, security tokens are widely regarded as the future of the crypto space. Also, the existing security token platforms are not trusted by the crypto community.
Comistar aims to gain the trust of the crypto community by tokenizing assets such as real estate and artwork. Essentially, tokenization will replace the current methods of fundraising. Theoretically, a security token would have the intrinsic value of its underlying assets. Lastly, Comistar will recommend the best jurisdiction for security token offering to their clients.