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Are Security Tokens Poised To Scale in 2018 ? - Shared screen with speaker view
CryptoOracle
19:48
Thanks. I’m not seeing that?
CryptoOracle
24:13
If you want to ask a question, put it in to chat
Daniel Stewart
26:01
Due to the unknown from the SEC do you still think security tokens still beat the market cap of utility tokens by the end of the 2018?
Daniel Stewart
26:44
Could you see exponential growth similar to what ETH done for the ICO 1.0
Dave Sag
29:32
nope
Kendrick Nguyen, Republic
34:06
Hi Ed - Thanks for joining us. The two are completely separate. Given how quick and cheap it is to launch a Reg CF campaign, in most cases it would make sense to provide non-accredited investors with access through Reg CF now, and take time to prepare for a Reg A+ which would take months to launch.
Kendrick Nguyen, Republic
37:57
Hi Daniel - I don’t think the regulatory uncertainty affects the asset-backed securities tokens. But it should expand the total security token market, and by extension, the total market cap.
Kendrick Nguyen, Republic
39:10
Santiago - very much so. It’s a legal assumption that to invest in securities, you generally have to be sophisticated, and in the US, that’s strictly based on income/net worth. On Republic, everyone can invest, but there’s a cap on how much a project can raise from retail investors.
enzo villani
42:35
With so many different platforms and security token protocols and solutions, why will they adopt your token structure?
enzo villani
43:22
Also BDs don’t want to get rid of street name, with proxy voting and other retail controls held by street, why would they give it up?
Juan Hernandez, OpenFinance Network
49:13
@nikhil yes, we do have a smart securities standard (S3) that we have published on our Github account
Juan Hernandez, OpenFinance Network
49:55
Short answer: yes, a security-token focused DEX needs a broker-dealer and/or ATS license
Nikhil Nirmel
49:56
Juan, does OpenFinance indeed have an ATS license, as Emma mentioned?
CryptoOracle
50:01
Juan/Kendrick/Emma - please feel free to answer as many questions as you’d like
Juan Hernandez, OpenFinance Network
50:22
longer answer: the question of who actually owns the DEX is an interesting question
Juan Hernandez, OpenFinance Network
50:56
but it would be the same issue that a “decentralized bank” would have around “who owns the bank charter"
Dave Sag
52:10
@juan can you post the link to your s3 standard?
Juan Hernandez, OpenFinance Network
52:19
@Ed, the issue of custodianship is one that keeps a lot of the institutional players at bay until its resolved
Juan Hernandez, OpenFinance Network
53:15
https://github.com/OpenFinanceIO/smart-securities-standard
sbh_sg
53:36
Not sure about that.
Juan Hernandez, OpenFinance Network
54:05
@Santiago - Understood, i do think we’re all working to that model, but there are stops along the way :)
Juan Hernandez, OpenFinance Network
54:26
for example, i do believe in 2020 we will see an SRO on-chain (self regulating organization)
Juan Hernandez, OpenFinance Network
54:34
where the smart contract code is the regulation
Dave Sag
55:23
@juan interesting. not miles away from ERC-884
Juan Hernandez, OpenFinance Network
55:40
Regtech will be the next big buzz word
Lawrence Lefcort
01:02:13
For real-estate security tokens for example, how are investors protected? If I invest in tokens of a property in Singapore, what recourse do I have if the owner decides to sell and screw the token investors?
CryptoOracle
01:02:19
If you ask questions and we don’t get to it, I’ll try and get answers from the panelists and include in a follow up blogpost
Nikhil Nirmel
01:04:03
I have heard from VCs that there is no market for secondary trading of early stage startup company stock, and startups wouldn’t want their stock to trade. Are they biased or is that true? And if startup stock is not best suited as the initial use case for security tokens, then which asset or security might be?