The Fundament Group said that this will be the first-ever standardized and regulated security token backed by real-estate allowing users to trade global properties without any interference from the banks.
Hong Kong’s Securities and Futures Commission (SFC) has published detailed guidelines for security token offerings (STOs).
In his answer letter, Jay Clayton opens up on defining ICO tokens as securities saying that there cannot be a static approach to deal with different crypto assets. Meanwhile, according to the agency’s laws, Ethereum is not the case.