Today three digital assets startups announced the creation of the International Security Token Offering Alliance (ISTOA) and a working group for blockchain-based digital securities.
The largest consortium member is Hong Kong-listed BC Technology Group (market cap $3.6 billion) which developed the digital asset platform OSL and has a joint venture with Standard Chartered’s SC Ventures for a digital asset brokerage and exchange in the UK and Europe. The other two firms are Singapore’s InvestaX and UK-based Archax, the FCA-regulated digital securities exchange and custodian.
“We created the ISTOA and the STO Working Group to encourage global conversation, cooperation and standard-setting among regulated digital asset providers in key financial markets,” said BC Technology Group CEO Hugh Madden.
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