Canadian Stock Exchange Launches ‘Fully-Regulated’ Token Funding Platform, ‘Unlike’ ICOs349.28

The Canadian Securities Exchange announced yesterday, Feb.13, that they will soon launch a securities clearing and settlement platform based on the Ethereum Blockchain that lets companies raise capital with security tokens. According to the CSE announcement, companies using the Blockchain-based platform can issue Security Token Offerings to investors as a means to raise capital. Kabuni must first file a prospectus with the British Columbia Securities Commission, and if approved, Kabuni's issuing of an STO would "Mark the first time a tokenized security has been listed for trading on a recognized securities exchange." In the US, the Securities and Exchange Commission chairman Jay Clayton repeated last week in a Senate hearing that every ICO token that the SEC has seen is a security and thus must be registered with the SEC if it is to be offered to US investors.
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