IX Swap - The Evolution of the Security Token Industry
Background In the ever-developing world of capital markets, capital fundraising has evolved significantly. The security token is the next evolution in capital markets, and after many years of painstaking infrastructure development, the industry is finally catching up to its associated sister, cryptocurrency. The utility of a coin was essential, given that most crypto exchanges did not have security broker/dealer or exchange licenses to trade tokens that were classified as securities. As the number of failed ICOs continued to rise, regulatory scrutiny also began to pick up. Security token offerings (STO) became the natural evolution of the ICOs. The security token offerings made more sense legally, but due to the lack of infrastructure and trading capabilities, this created less of a buzz for the retail crowd. Given the lack of trading venues, individuals were neither able to realize profits immediately. Due to these factors, the growth of the STO industry had been stifled and took a