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Security Token Offering: Newfoundland and Ledger plan STO-Framework

the The Berlin-based Fundraising Start-up Newfoundland has done with the Wallet-producer Ledger. The cooperation aims to create a secure framework for investme

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Security Token Offering: Newfoundland and Ledger plan STO-Framework
the The Berlin-based Fundraising Start-up Newfoundland has done with the Wallet-producer Ledger. The cooperation aims to create a secure framework for investment in tokenized shares in the company.

By Christopher clover
On 7. December 2018 share Facebook Twitter LinkedIn xing mail

Newfoundland-meets-Ledger: that is, more Security for Security Token Offerings – at least, according to the joint press release, the two companies on 7. December, have released. The Desktop App of Ledger, Ledger Live, to support in the near future ERC20-Token. Thus, the user of the Ledger can manage to Live in the future of Newfoundland issued Security or Equity Token. A small Revolution, Newfoundland-CEO Zoe Adamovicz:

"investors are in the position to put your ERC20-to manage based share tokens directly from a Desktop App that will change the way we deal with our crypto-Assets, in a sustainable way."

Newfoundland and Ledger have, however, collaborated. In November 2017, professional investors were able to participate with a special edition of the Ledger Nano S on the Initial Capital-Building Mechanism and a NEW Token make a reservation.

"The current partnership builds on our existing collaboration that has already been created in November of 2017, a special edition of the Ledger Nano S for high-quality investors participating in the Initial Community Building Mechanism [sic] of Newfoundland,",

it is said in the press release.

Equity Token Offering on 9. December

After a long time, especially the prospect of Bitcoin, ETFs the hopes (and fears) of the crypto-scene with respect to a large-scale entry of "stoked-Institutional" in the crypto-Space, attention is turning increasingly to Security and Equity, Token Offerings (STOs and ETOs). This should ensure a higher level of investor protection than the now-infamous Initial Coin Offerings (ICOs), which are considered to be high-risk investment opportunities.

STOs and ETOs, the hobby-horse of the Berlin-based Start-ups in Newfoundland. The German Fundraising platform, has announced the beginning of November, a ETO for their parent company, Fifth Force. Originally should be able to remember smaller investors to participate; the BaFin has made Newfoundland (according to the company) here is, however, a dash through the bill. The smallest possible investment is therefore € 100,000.

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