The State Of Security Tokens, Feat. Polymath and OpenFinance Network
ICO 2.0 : SAFTLaunch Says tZero Represents Second Wave of Tokenized Security Offerings
The tZero initial coin offering is one of the most anticipated ICOs scheduled to take place this quarter. tZero, an offshoot of Overstock.com, is founder Patrick Byrne’s vision of the digital asset future. While the past year has been a sugar rush bonanza of global ICOs raising incredible sums, regulators around the world are wising up and moving to enforce existing and new regulations to better control these investments. tZero will
to be issued and represents the likely future of tokenized securities as the industry becomes more professionalized. Polymath Ico Details
, the platform hosting the token offering, believes tZero represents “ICO 2.0.” While SAFTLaunch
Commenting on the primary offering by tZero, SAFTLaunch states;
“The demand and level of interest we’ve seen reassures us greatly in our belief of a second wave of Tokenized Security Offerings (ICO 2.0). tZERO and its partners, SAFTLaunch and Area 52, are building the infrastructural layer for a legal and compliant ICO framework, to support an even bigger second wave of this incredible disruption of financial markets.
SAFTLaunch says the offering will consist of two steps for qualified investors (IE verified Accredited in the US).
Investors must sign the SAFE agreement before January 25th when the platform will determine who will be eligible to participate. After receiving a countersigned SAFE agreement, investor may use their Ethereum wallet (exchange wallets will not work), and USD) within 24 hours of receiving the countersigned SAFE agreement. Polymath Ico Details , ETH, and USD) within 24 hours of receiving the countersigned SAFE agreement.
So how much will tZero raise? At last report, management said it would target $250 million but previously reports had pegged that amount even higher.
tZero has already announced several interesting agreements and partnerships. The
wants to be the industry first security token launch pad
becoming the open-source standard for launching securities tokens and tZero is leveraging these services. Polymath Ico Details
The entire process is a bit of digital asset trailblazing. Depending on how this all goes, we may see more regulated securities tokens travel down a similar path. In the long run, security ICOs will not work unless they adhere to existing securities regulations.
“We’re going to disrupt institutions that were binding civilization together for thousands of years.”
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