A New Use Case for Security Tokens
March 06 2019 - 12:38PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
March 06, 2019 -- ADVFN Crypto NewsWire -- Last year was widely
declared the year of the security token. At the same time, their
active use cases or implementations seemed to be lacking beyond the
mere tokenization of assets in general.
Earlier today, however, a new use
case for security tokens was announced that is actually striking.
CoinDesk reports that a firm called ABE Global has decided to go
public with their intention of facilitating small-cap Initial
Public Offerings with security token frameworks.
Reportedly, they aim to list about
100 companies with this sort of intention by the end of this year.
In a nutshell, the reason why their ultimate goal is unique is that
it fills a need that stretches beyond the crypto space to the
average citizen.
As you may already know, security
token offerings are usually limited to accredited investors or
those with a very high net worth. At this point, this trend has
affected the majority of remaining ICOs.
If ABE Global is successful in
their efforts, it would seem that this pattern will shift to the
point that the average citizen can once again get involved in
blockchain-based investments. The only caveat to such a possibility
is that the new, open investment company will be in companies with
a small market cap which are interested in working with ABE
Global’s platform.
Currently, it is difficult to tell
whether the majority of these potential players will be offering
blockchain-based solutions or not. Still, the fact that ABE
Global’s driving vision is to make tokenized securities available
to almost everyone is promising.
Considering this, we just might see
a rebirth of the early days of the Initial Coin Offering that is
much more beneficial to the growth of the space than the first
major boom was.
By: BGN Editorial Staff
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