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Security Token (“ST”) is a virtual asset, a financial instrument represented in tokenized form and being transacted and settled on the distributed ledger technology network. ST is emerging as an innovative way to facilitate capital raising and investment in businesses and projects.
True Global Private Placement
Initial offering of digitized securities, tokenized assets, or derivative tokens to investors are often referred to as Security Token Offering (STO), Tokenized Asset Offering (TAO), or Digitized Securities Offering (DSO). Tokenizing assets can create a new “token economy” through a frictionless transaction cycle from creation, from buying to selling of securities.
STO allows access to a broader base of investors globally with higher liquidity. Transactions through smart contracts reduce transaction costs and shorten settlement time. Pre-defined business rules in smart contracts and the immutable nature of blockchain provide additional transparency and improved corporate governance. The unique nature of tokens allows global settlement on digitized securities on the blockchain where underlying assets can be traded in a highly divisible way and 24/7 globally. This new way of fractional ownership, with a smaller investment size, and a cost effective model, could bring investment and secondary trading to a new frontier.
Only the persons are qualified to be Professional Investors (“PI”) set out by Securities and Futures Ordinance (“SFO”) and Securities and Futures (Professional Investor) Rules. There are 3 principal categories of professional investors - Institutional Professional Investors, Corporate Professional Investors and Individual Professional Investors.
OR a corporation which wholly owns a corporation referred to in paragraph (2b) above.
A smart contract is a self-executing digital contract with the terms of the agreement between buyer and seller being directly programmed into lines of code. These contracts run on blockchain technology and automatically execute, enforce, or facilitate the negotiation or performance of a contract when predefined conditions or triggers are met. Smart contracts are typically deployed on blockchain platforms like Ethereum, which was one of the first to support them, but they can potentially run on other blockchain networks as well.
Key characteristics of smart contracts include:
Smart contracts have a wide range of applications, including:
In summary, smart contracts have the potential to streamline various industries by reducing the need for intermediaries, lowering costs, increasing transparency, and improving security.