Industry news: STOs on the rise as ICOs tank

The security tokens market is on the up as the market for initial coin offerings (ICOs) suffers. Security token offerings (STOs), which are more regulated than ICOs, are getting a serous foothold in the cryotospace as their benefits become ever clearer.

The likes of Securitise,  a compliance platform for issuing and managing compliant digitized securities on blockchain, just announced that it has raised $12.75 million in funding from Blockchain Capital, NXTP, Ripple’s Xpring, OK Blockchain Capital.

The ball is also rolling when it comes to trading platforms for new STOs as well. OpenFince Network is on the brink of becoming the first regulated security token trading platform in the US, with security tokens including SPiCE Venture Capital and DFN Token gearing up to be onboarded – they are among the first tokens classified as “securities” that will be traded live.

It’s also worth mentioning that Securitize says it has made significant progress in the development of the digital securities industry, such as upgrading Blockchain Capital’s digital security.

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