Security Token Offerings (STO)s: Re-centralizing The Blockchain Dream In Singapore?

In our previous article, we explored the merits and pitfalls of a marriage between blockchain tokenization technology and traditional securities in the form of equity interests. We concluded the article by suggesting that regulatory inhibitions (both domestic and cross-border) and a lack of coordination between the concerned stakeholders may present stumbling blocks for STOs seeking to gain widespread traction. This article will explore and highlight some developments which suggest that the STO market may finally be able to make some tangible headway in Singapore. RE-FORMING THE PARADIGM Many early community-based blockchain projects propagated a vision of creating jurisdictionally autonomous virtual…...