:1: Security Tokens : Most ideas to tokenize _____ (securities) already played out 2015-2016 in the race to create crowdfunding platforms inspired by Kickstarter.
None thought they needed a token or a blockchain given they were securitizing off-line assets and cash-flows.
None thought they needed a token or a blockchain given they were securitizing off-line assets and cash-flows.
:2: Crowdfunding Without a Blockchain + Token Examples
Startup equity - seedinvest.com
Resale of private equity - equidateinc.com
Real estate investments - realtyshares.com
Lending - lendingclub.com
Solar projects - sunfunder.com
Startup equity - seedinvest.com
Resale of private equity - equidateinc.com
Real estate investments - realtyshares.com
Lending - lendingclub.com
Solar projects - sunfunder.com
:3: For each of the Crowdfunding Without a Blockchain + Token examples above, there were 10+ competitors. Most failed by late 2016. Some are being revitalized by token-hype.
startengine.com = :barf_emoji:
startengine.com = :barf_emoji:
:4: Lending crowdfunding marketplaces were the most successful but now most loans are bundled + securitized to be sold to institutions (i.e. the crowd is not funding anything...).
:5: Do I think most tokenized securities of these types of assets will be successful? Not really.
:6: I believe most of the attempts to strap tokens on top of traditional securities including publically traded securities will largely be a failure. The only real advantage is selling them to non-US investors.
:7: No one in the US has a problem purchasing $TWTR stock.
Type "etrade.com" into your browser.
Input KYC.
Transfer $ from bank.
Purchase.
Done.
^ same model for centralized crypto-exchanges. ZERO advantage*.
*Until cryptocurrencies are mass adopted as currency.
Type "etrade.com" into your browser.
Input KYC.
Transfer $ from bank.
Purchase.
Done.
^ same model for centralized crypto-exchanges. ZERO advantage*.
*Until cryptocurrencies are mass adopted as currency.
:8: And, NO ONE CARES ABOUT DTCC, CEDE & COMPANY, CLEARING BROKER-DEALERS, BLAH, BLAH, BLAH. These are not problems for investors in public stocks.
Sorry, @brucefenton
Sorry, @brucefenton
:7: ICOs demonstrated pre-selling tokens ([COUGH, COUGH]: unregistered securities) to the crowd (i.e. non-accredited investors) can be HUGE.
See 2017.
See 2017.
:8: However, presale of pre-main net tokens (i.e. securities) is not possible today. This is not a blockchain problem or a technology problem. This is a problem with legislation born in an age of lack-of-access-to-information.
:9: Ditto providing accredited investor liquidity of an unregistered security. This is not a technology problem. This is a restriction on resale limitation for Reg D sales of restricted securities.
Sorry, @APompliano.
Sorry, @APompliano.
:10: So, is tokenizing a revolution? Is the hype legit? Yes.
But, turn your head over here, please.
But, turn your head over here, please.
:11: Step into the world of where capital can be allocated on-chain for on-chain cash-flow or tokenized risk/appreciation separated from the asset.
:12: Tokenized - On-Chain Capital + On-Chain Cash-Flow or A
Equity - The DAO (2016)
Options + Derivatives Across-Chains - summa.one
Real estate investments - market.decentraland.org
Lending - dharma.io
Solar projects - kidding.
Equity - The DAO (2016)
Options + Derivatives Across-Chains - summa.one
Real estate investments - market.decentraland.org
Lending - dharma.io
Solar projects - kidding.
:13: Most of these projects are barely scratching the surface of what is possible.
Many are still 1:1. Securitizing baskets are where we are going.
Many more security tokens will be born out of network participants (e.g. staking, masternodes, etc).
/end.
Many are still 1:1. Securitizing baskets are where we are going.
Many more security tokens will be born out of network participants (e.g. staking, masternodes, etc).
/end.
