The Jamaica Stock Exchange, Barita Investments, Hart Muirhead Fatta attorneys and several Security Token Offering (STO) issuers met at Blockstation's office in Toronto on August 22, bringing blockchain-based securities in capital markets one step closer to reality.
These meetings marked the final preparations for STOs on the JSE, Bloomberg Businessweek’s top-performing stock exchange in 2015 and 2018, as well as leading brokerage Barita, which has seen over 1,000% growth in the past three years. See if you qualify to conduct an STO
With the introduction of STOs, capital markets are poised to see an explosion in public listings of small and mid-cap companies as well as individual, traditionally illiquid assets.
By: Jai Waterman, Chief Enterprise Architect
Financial markets moved one step closer to history as representatives from the Jamaica Stock Exchange (JSE), its depository, Barita Investments, several Security Token Offering (STO) issuers, and legal counsel from Hart Muirhead Fatta at Blockstation headquarters in downtown Toronto on August 22.
The day was an opportunity for prospective STO issuers to meet with the JSE and Barita for round-robin meetings to finalize arrangements around the world’s first publicly listed STOs, an innovative new public listing vehicle, on a regulated stock exchange.
It was an exciting, productive day that saw all parties collaborate on bringing STOs closer to reality for stock issuers and retail investors around the world.
Market leaders making history
It’s no coincidence that the first three companies to create and file their prospectus on Blockstation’s STO platform were meeting with the JSE and Barita. The JSE is a world-leading, innovative institution, named the top-performing stock exchange by Bloomberg Businessweek in 2015 and again in 2018, while Barita Investments is one of the top brokerages with over 1,000% growth in the past three years. Both have worked extensively with Blockstation to bring capital markets onto the blockchain.
All parties view STOs as a key part of continuing to fuel such impressive growth by leveraging the blockchain to reach the widest possible pool of retail investors, even small investors in foreign countries. This reach is made possible by enabling token purchases not just in fiat currency but in Bitcoin and Ethereum as well - with full KYC and AML protection - meaning investors can make secure purchases of any size without costly wire transfer fees.
As a result, issuers, the JSE, and Barita alike expect to see more liquidity and higher trading volume, driving more growth in the future. There is even potential to see publicly listed STOs for individual assets, not just companies, unlocking capital from traditionally illiquid securities.
For us at Blockstation, these meetings are a true milestone. They represent the final steps before realizing our founding vision back in 2014: a safe, regulated, accessible marketplace for digital securities that unlocks investment opportunities to issuers and traders around the world while offering them 100% insurance on all digital assets.
It’s been a long road, but these meetings send a message loud and clear: STOs on the stock exchange are just around the corner.
What will the future of STOs bring?
Make no mistake - STOs will revolutionize capital markets.
By lowering the time and cost to go public, can we expect to see more public listings from a wider range of companies from small cap to large?
By making it possible to list individual assets - not just companies - are we about to see an explosion of exciting, innovative offerings that unlock traditionally illiquid assets for public investment?
Time will tell. What we know for sure is that with last week’s meetings at Blockstation HQ, an STO-powered future is closer to reality than ever.
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