Today another announcement of an STO issuance on Tezos. Andra Capital will use the Tezos Blockchain to launch SVC (Silicon Valley Coin) as an STO through Tokensoft's issuance platform.
"About The Silicon Valley Coin:
The innovative Silicon Valley Coin, representing a unit of interest in the Andra Capital OpenEnded Fund, is a tradable security token and breaks the mold of traditional venture capital investing by leveraging blockchain technology. An advantage of tokenizing the Fund is the replacement of traditional paper contracts with digital smart contracts.
The Fund invests in leading late-stage, private technology companies that meet the following investment criteria:
(i) backed by top tier VCs;
(ii) valued at $500 million or higher;
(iii) leaders in their industry; and
(iv) visionary management team focused on growth.
With the completion of the training of over a 1000 Tezos developers, and successfully proving the functionality of swift and smooth upgrades through Tezos' unique governance model, Tezos is expected to gain traction this year. Over $3 billion worth of STO launches are annaunced, of which the first should be launched in Q1 and Q2. Tezos has a unique set of features that makes STO launches convenient and secure on Tezos, while still being able to comply with security regulation. "The protocol’s on-chain upgrade process, Proof-of-Stake (PoS) consensus algorithm, and ability to facilitate formal verification make Tezos an ideal long-term solution for digital transactions, including smart contracts and digital securities. Tezos is open-sourced, fully decentralized and can be used by companies and individuals worldwide."
With the development of the NYX standard, which should be completed in the first half of 2020 as well, STO launches will be even more attractive on Tezos. Issuing an STO on Tezos will be as easy as filling out an on-line form on the Tezos blockchain.
See for a short and simple introduction on Tezos' unique set of features here.
