Smartlands Launches Its First Security Token Offering (STO)

FCA-regulated STO platform Smartlands has launched its very first Security Token Offering (STO), which represents tokenized investments in a student accommodation in Nottingham. The private offering started with a minimum investment of 25,000 GBP while the public securities sale launched earlier this month with a minimum threshold of 500 GBP.

Smartlands claims its featured case provides dividend income of more than 5.5 percent expected per year, as well as capital growth.

Smartlands Platform uses Stellar blockchain technology to digitize stocks and equities for participating projects. Smartlands is also pursuing a Multilateral Trading Facility (MTF) license which allows the company and a consortium of partners to safeguard customers securities, transaction settlements, distribute dividends and interest Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, and oversee foreign exchange operations.

ICOs have come and gone

While Smartlands is actively pursuing the coveted license, which allows the crowdfunding platform to operate a fully compliant STO exchange, they currently leverage their partnerships with other trading platforms that already hold MTF licenses. With a license issued by the UK Financial Conduct Authority (FCA), those partners have the legal ability to perform such an offering and provide a secondary market to list security tokens issued by Smartlands.

While the ICO has come and gone, security tokens have emerged to offer a compliant alternative of integrating the benefits of crypto-related technologies with mainstream finance world.

In Europe, Estonian startup DX.Exchange, which rose to fame this year after launching tokenized stocks and ETFs trading, also allows any eligible security token to submit an application to get listed on its platform. The Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startup, which also has offices in Israel, requires all tokenized securities to be compatible with ESMA’s latest guidelines and the MiFID II rules.

Smartlands VP of Technology Ilya Obraztsov commented: “At Smartlands we’re rethinking traditional finance models by building a global ecosystem that democratizes access to alternative investments and opens opportunities to higher-yield projects. The student complex in Nottingham is the first tokenized property in the UK, to be followed with new offerings of blockchain-based securities backed by assets in real estate and other markets.”