Hey everybody, it’s me again, Adam Chapnick. I’m here at the Security Token New York City Meet Up, which is brought to you by who else, The Security Token Academy. I’m here with Mike Malloy. Mike, what do you think a Security Token is?
I think a Security Token is the same way traditional assets are run right now, it’s just a more efficient version of what we’ve been doing in the past and it’s an easier way to raise funds from anyone around the world, just a more efficient version of that. So it’s kind of like the same thing at the core, it’s just a more efficient approach to kind of getting to the end goal.
Awesome and are you doing ... What are you doing in the space that has anything to do with security tokens?
Yeah, so I work for Chainstone Labs and we’ve been working on different strategies within the security’s tokens space, kind of creating a token that consists of different assets within that one token, sort of like a NETF or a mutual funds.
Oh cool, so what’s ... Is there a thesis inside of that, that sub-tokens are for?
I mean that’s the discretion on the funds. So it can ... I guess it depends on the risk tolerance of the clients and the investors and everything like that. So like I said, it’s deciding when you have a risk profile and all your investors.
Got it. And how did you get involved in that?
I got involved in cryptocurrency a while ago. I first find out about it in 2013. So that’s kind of when it took off for me and I got involved with security’s tokens because I followed someone on Twitter, Bruce Fenton, who was really big into it and I actually worked for City Group out of college, for about two years. So, I have my series seven, 63 and 65, so I’m registered with securities tokens, so the two worlds that I’ve kind of been researching for a while now, kind of collided and now, I’m interested in and here I am at the event.
Amazing. What’s your big prediction for security tokens with the next 12 months?
Big prediction for over the next 12 months? I think there’s going to be a lot more clarity with regulators because it’s kind of been a gray area for a while now. So, I think when regulators clear up like actions that they’re going to take and kind of clear up the rules, I think there’s going to be a lot more capital being invested in security’s tokens. So you’ll see a ton of growth over the next 12 months, I think.
Alright, well from your lips to God’s ears, thanks for giving us your time.
Yeah, thank you. I appreciate it.
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