1/ The perfect storm is happening for tokenized securities.
Here is a thread on how, why and what is next.
Here is a thread on how, why and what is next.
2/ @JWilliamsFstmed and I made a decision 18 months ago to refrain from investing in any ICOs due to regulatory concerns. This was a highly unpopular decision at the time, including numerous peers questioning our judgement.
3/ Yesterday, our concerns were validated. SEC Chairman Clayton stated most ICOs are securities and the SEC will not change the rules to address this funding mechanism.
In essence, the investors who participated previously are likely to have invested in unregistered securities.
In essence, the investors who participated previously are likely to have invested in unregistered securities.
4/ Luckily for us, we aren't worried about enforcement from the SEC or other regulators because we didn't expose ourselves or our investors to that risk.
Remember, when everyone else is greedy - be fearful.
Remember, when everyone else is greedy - be fearful.
5/ Additionally, Coinbase announced the acquisition of 3 entities yesterday that will give them an ATS, BD, and RIA license.
The company is perfectly positioned (and openly stated an interest in) to support the trading of registered securities on blockchain.
The company is perfectly positioned (and openly stated an interest in) to support the trading of registered securities on blockchain.
6/ News also broke yesterday that Circle has applied for a US banking license and will be nicely positioned to capitalize on the trading of regulated securities on a blockchain as well.
7/ So what does all this mean?
As we predicted, the tokenized security market will be drastically larger than the utility token market. The "killer app" of blockchain is capital formation. Investors who invested in ICOs are likely to have invested in unregistered securities.
As we predicted, the tokenized security market will be drastically larger than the utility token market. The "killer app" of blockchain is capital formation. Investors who invested in ICOs are likely to have invested in unregistered securities.
8/ The large crypto companies see the writing on the wall. They are quickly shifting to capitalize on the larger, more sustainable opportunity. Those who don't adapt will be left behind.
Don't be surprised when Nasdaq & NYSE jump into the tokenize security game too.
Don't be surprised when Nasdaq & NYSE jump into the tokenize security game too.
9/ The idea of tokenizing (aka digitizing) regulated securities will be a gargantuan opportunity over the next decade. It will affect every aspect of finance. There will be epic battles between incumbents and upstarts.
The global investor base will benefit the most though.
The global investor base will benefit the most though.
10/ Remember these rules:
- Be fearful when others are greedy
- Stay convicted in your beliefs even if unpopular
- Don't be afraid to be wrong in public
- Most "experts" are clueless
And of course, we're going to #TokenizeTheWorld and no one can stop us 🚀
- Be fearful when others are greedy
- Stay convicted in your beliefs even if unpopular
- Don't be afraid to be wrong in public
- Most "experts" are clueless
And of course, we're going to #TokenizeTheWorld and no one can stop us 🚀
