At the end of December last year, STO Global X announced the launch of the security tokens platform, Exchange (STGX). The platform has been designed to comprehensively handle emissions, management and trading of a wide range of digital resources, including security tokens.
STO Global X
A company based in Singapore STO Global-X released the official announcement announcing the launch of a comprehensive platform Security Token Exchange (STGX). The new platform will enable emission, management and trading on the secondary market security tokens. What's more, STO Global X has partnered with BMI Capital Partners International i Coinstreet Partnersthat will provide the support necessary for the release of the platform.
STO Global X ensures that STGX token will allow licensed institutions and stock market operators assets on tokenization both tangible assets as well as intangible assets, including securities. The new platform aims not only to improve the process of creating security tokens, but also the entire investment process and resource turnover.
The management of STO Global X, ensures that the offer of security tokens proposed by the company will radically change the traditional financial space, and what is more, it is fully ready to implement innovative digital solutions.
The developers of STGX also emphasize that the platform is characterized by a high degree of interoperability - because it allows for integration with external systems and applications. This integration can cover various areas, for example emission, digital asset storage or payment processing.
However, the lack of a sufficient legal order regarding the security token remains a major obstacle to the development of security tokens STO. Security tokens offerings differ from the original ICO offers, that in most cases they are subject to the same regulations as securities. The United States, as one of many countries using such a solution, has declared that they do not intend to modify the existing regulations solely due to the development of new technologies.
Platforms that turn security tokens, such as, for example OpenFinance Network, although they offer many advantages over traditional methods of trading in traditional securities, on the other hand, they also give rise to many regulatory uncertainties. Therefore, more and more digital platforms develop strategies for compliance with the current legal status. What's the matter? STO Global X, this platform considers various possibilities of cooperation with licensed institutions in order to be able to run its platform in a fully compliant manner, providing users with maximum security.