We talk US crypto regulation with Stephen McKeon, the Chief Strategy Advisor to Security Token Academy and a finance professor at University of Oregon.
Stephen McKeon joined us to talk about security tokens. As the chief strategy advisor for Security Token Academy, he is an expert in the issuance of security tokens. Stephen explains that security tokens are digital securities, built on blockchain technology.
Commercial Real Estate Investing via Security Tokens (CREST), a division of the Security Token Academy, will be hosting their own Webinar on January 16th, 2019. One of the focuses will be a case study on the successful tokenization of St. Regis Aspen Resort located in Aspen, Colorado.
The Security Token Academy played host to the panel, which featured Adam Chapnick (director of programming at the Security Token Academy), Alex Mole (investor relations manager at Newfound) and Cliff Pace (the head of the Malta Stock Exchange Fintech Accelerator Program).
“If people can exchange value over the internet without a toll extracted for payments it’s pretty dramatic,” Allaire said at the October Security Token Academy conference in Manhattan. “It’ll make the web look like a cute experiment comparatively speaking in 10 to 15 years.”
"If people can exchange value over the internet without a toll extracted for payments it's pretty dramatic," Allaire said at the October Security Token Academy conference in Manhattan. "It'll make the web look like a cute experiment comparatively speaking in 10 to 15 years."
The event organizer — Security Token Academy — has done an excellent job bringing in industry experts and organizing informative panels on all aspects of the new intriguing STO market: regulation, technical foundations, issuance and secondary market.
The Security Token Academy held an ‘industry launch event’ in early October 2018. The event featured a long list of notable speakers, covering virtually all areas of tokenized securities in both the technology and regulatory sectors. The Custody and Transfer Agent Panel highlighted the urgent need for trust, if security tokens are to witness global adoption.
Back in June, the Security Token Academy hosted its first Security Token Summit with a panel of speakers discussing the ‘forthcoming security token revolution’ as they called it. Prominent leaders in the industry were present. David Weild’s comments, in particular, left an impact on the audience in how we can understand the future of cryptocurrencies and their adoption.
Earlier this month, the Security Token Academy held their Security Token Industry Launch Event. Bringing together industry experts to celebrate and discuss this emerging sector of the blockchain space, the event was intended to be a watershed moment for the tokenized security space.
Jeremy Allaire believes his company's tokenization technology could have far-reaching implications in the mainstream economy. The Circle CEO affirmed his beliefs during an interview with CNBC at the Security Token Academy Conference in Manhattan
Last week, the Security Token Academy held its second annual STO focused event in Manhattan. This year, attendance at the Security Token Industry Launch event increased dramatically as more financial services players are viewing securities on blockchain as a likely path for the future of investments. Simultaneously, crypto startups don’t want to be left out of the regulated path for issuing securities on blockchain.
For Stephen McKeon, a University of Oregon finance professor and cryptocurrency expert, it’s not a question of whether cryptocurrency and digital tokens will go mainstream but when, and by what means. He says security tokens are likely to become popular investments, while the use of cryptocurrencies for payments will depend on an ecosystem of digital wallets. “I’ve always viewed security tokens as a big tent that brings in a lot of traditional investors,” McKeon tells ThirtyK. These are “assets institutional investors already understand.” In addition to being an academic, McKeon is also chief strategic officer at the Security Token Academy, which aims to educate the world about security tokens and security token offerings.
Of course, one of the main benefits behind security tokens is the opportunity for investors to take ownership in shares of common stock that were only previously accessible to private investors. According to the Security Token Academy, the tokenization of global assets presents a huge potential opportunity. Global equity assets are valued at about $70 trillion, with debt around $100 trillion, and real estate about $230 Trillion (about $180 Trillion in residential, $32 Trillion in Commercial, and the balance in agricultural, etc.).
I left the Summit hopeful and excited about the direction and long term potential of the security token industry. As a potential user, Cadre and I will closely monitor the industry’s progress and would be delighted to participate in the ongoing substantive conversations to ensure the business hype is met with legal and regulatory clarity and certainty.
At the first Security Token Summit held in New York City last week, a series of speakers discussed the emerging market with some individuals postulating that efficiencies driven by distributed ledger technology (DLT) will create a new era of investments.
Light on buzz, heavy on substance, free of ICO pitches and more dedicated to learning and conversation than to selling and raising — the Security Token Summit in New York this past Monday was a unique event in the realm of Blockchain.
Joe Cammarata, President of tZero, was visiting with Security Token Academy last week when he made an interesting comment.
SecurityTokenAcademy.com is a platform for information about the new world of Security Tokens. We are not a registered broker-dealer or investment advisor. We are not a Security Token or blockchain platform, nor can you purchase or invest through our website. We do not offer investment or purchase advice; nor do we endorse or recommend purchases or investments in any Security Token, and we don’t tell you if any purchase or investment is suitable for you. Additionally all investments entail risk, and investments in start-ups as well as Security Tokens involve a potentially greater risk.
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