Security Token Market (STM) has launched a Reg CF securities offering with a unique spin. The company is issuing the forthcoming security as a digital asset leveraging the Avalanche blockchain. STM is labeling the offering the “first Web3” tokenized crowdfunding campaign. The securities offering will be managed by digital securities platform Securitize.
Avalanche has emerged as one of the fastest smart contracting platforms in the blockchain ecosystem. STM aims to raise up to $5 million under Reg CF (the exemptions funding cap). The offering follows a “testing the waters” (TTW) period during which over 1200 investors indicated their interest in participating in the funding round.
Kyle Sonlin, CEO and co-founder of STM told CI:
“We believe this is a milestone for the security token industry, and I’m proud of our team and partners for working together and building Wall Street Without Walls.”
Investors may utilize the Avalanche platform to sign smart contracts on the blockchain using their wallet addresses instead of traditional physical signatures. Investors will additionally have the option to hold tokens in their MetaMask wallet.
STM aims to emerge as the leading global source of data and news on tokenized assets, tracking over 200 tokenized securities from 11 different live marketplaces worldwide and primary offerings known or security token offerings (STOs). Beyond research and trading tools, STM is also producing six TV shows all in house. The goal is to suppor the growth and development of the security token industry. “
STM has scheduled a launch event to be held in Miami at loanDepot Park Friday, July 15th to celebrate.
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