Slides from my presentation at Blockchain Expo London last week: security tokens vs securities-regulatory compliant ICO, cryptocurrencies vs utility tokens, and why anyone would even bother tying a security to a crypto asset.
Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
Security Tokens: What, How & Why You Would Bother
1. Security Tokens
What is a security token, why it matters, and
why it’s not easy to issue one
New Alchemy Market Research | Presented at Blockchain Expo London, April 2018
3. Who we are
Experts in blockchain technology,
ICO advisory, and capital solutions
for the tokenized future.
...and we're just getting started.
Proudly based in
Seattle, WA
3Continents
Across
70+Team Members
25Active
ICO Clients
$2.7BOf Tokenizations
Involved in
Of Blockchain
Innovation
Years5+
5. Name Ticker ICO Raise Market Cap Today*
Indahash IDH $42.7M $19.1M
BankEx BKX $67.1M $23.2M
Zeepin ZPT $62.6M $23.1M
Leadcoin LDC $50M $8.8M
*coinmarketcap.com
Utility Tokens That Have Fallen Beneath Their ICO
Fundraise Amounts
6. The Global ICO Market Hasn’t Exactly Cooled
$4.19B
$1.98B
$0.95B
$3.3B
$0.14B
7. Why Does This Crypto Asset Exist?
Currencies A form of money Utilities A license for network
access
Securities An instrument of
ownership
“Smart
Contracts”
A platform for building
DApps
We put crypto assets in 4 buckets
19. • Regulatory Escape
• Reduce Counterparty Risk
• Fractional Ownership
• Anonymous Ownership
• Reduce Reporting & Issuance Costs
• Product-Level Securities
All these things can be done with traditional securities, but may be cheaper and more
accessible in a token.
Why Would You Bother to Tokenize a Security?
21. “Tokenizing” an Asset Is Difficult
Gold is heavy, artworks are expensive to store, and real estate
ownership is dictated, and taxed, by governments.
22. “Ultimately, however, Propy’s vision is that jurisdictions
will adopt the Propy Registry as their official ledger of
record such that the transfer of a property on the Propy
Registry constitutes the legal transfer of the property and
the legal registration of that transfer.”
23. Here is a snapshot of the keepers of the “official ledger
of record” for real estate in 2017.
24. Even tying a crypto asset to the dollar can be difficult,
let alone real estate.