In our first meetup for 2019, we take a look at the latest ‘buzzword’ in the blockchain space – Security Token Offerings or STOs.
Many startups raised money through Initial Coin Offerings (ICOs) in 2017 and early 2018, but a combination of changing markets, regulator pressure and broken promises have mostly killed investor appetite. In Australia, ASIC has made it clear that they consider most ICOs to be illegal managed investment schemes which may come with consequences. We’ve also seen many projects unable to deliver on their lofty promises and make their token genuinely useful on their platform.
Companies are now looking for new ways to fund blockchain projects in a compliant manner. STOs have been put forward as one possible model which can give investors some 'real world' value. But what are they and how do they work?
Come and hear from technology & business lawyer Matt Shearing as we discuss:
- What securities are;
- How startups and early-stage businesses can legally raise money in Australia;
- When ‘tokenised’ shares in a company may make sense;
- How companies could incorporate an STO and stay compliant;
- What to know when considering investment in any STO;
- The ‘dos and do nots’ of raising capital, advertising and listing on exchanges; and
- Asking the right questions when talking about blockchain.
At the end we’ll open it up for Q&A. As always, if you’ve got questions, post them up in the discussion section.