How to Build a Compliant Security Token Offering on BrightCOIN, Part 2

The BrightCOIN platform offers a complete turnkey technology solution for building and launching security token offerings (STO) and ICOs. Depending on if you want to accept US investors, building an ICO is a breeze. So is building an STO that allows an issuer to accept US funds. This is the second part of a two-part post that will focus on how you can build an STO or ICO on the BrightCOIN platform.

How to Build a Compliant Security Token Offering on BrightCOIN, Part 1

The BrightCOIN platform offers a complete turnkey technology solution for building and launching security token offerings (STO) and ICOs.

BrightCOIN and InterVentures Partner in Southeast Asia Expansion

BrightCOIN and InterVentures are combining expertise to help businesses scale up through crypto fundraising instruments.

Are Bad Actors Checks Required For Security Token Offerings (STOs)?

Bad Actor checks are mandatory for anyone doing a Security Token Offering (STO) on Regulations D506c, Regulation S or Regulation A+. This is an important anti-fraud and due diligence requirement to ensure disqualified persons do not raise funds. Token offerings have attracted numerous scammers in the past. Before various countries started to crack down on initial coin offerings (ICOs), it was pretty easy for some con artists to put together a fake white paper and a roadmap, launch a token and split with the money. The U.S. Congress is now in the primary stage of a series of legislative fixes directed …

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Do You Need An Escrow for Your Security Token Offering (STO)?

In this article, I’ll go over the importance of an escrow for your securities token offering (STO). I’ll also cover the requirements of Money Services Business (MSB) and Bank Secrecy Act (BSA) as it relates to an STO. Financial Crimes Enforcement Network (FinCEN) made public a letter on March 6, 2018, that seems to have been overlooked by many entrepreneurs who intend to launch STOs in the US. Everyone by now understands that they must comply with Regulation D506c, Regulation S, Regulation A+ or Regulation CF exemption to launch their security token. But FinCEN laid out a reminder for every …

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U.S. Turns the Corner on Security Tokens (STOs)

Congressman Warren Davidson of Ohio (R) began a pivotal process in the cryptocurrency world by writing legislation that will address all of the ambiguity that now exists in the US laws governing tokens. Everyone knows of the confusion and flaws of the SEC ’s application of regulations created for equity shares being applied to tokens, forcing all coins to be classified as security tokens whether they are actual financial instruments or utility tokens. The enforcement of these regulations can be extremely severe and even criminal. Last September, Congressman Davidson and Congressman Darren Soto of Florida (D) convened a roundtable of …

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What Are the Steps Required to Launch a Securities Token Offering (STO)?

Below are the steps required to do a Securities Token Offering (STO) on Regulation D 506c and/or Regulations S exemption. So, you’ve got a terrific project, say a 200-room hotel in Miami Beach. You want to raise funds for a total renovation, which will cost millions. But you don’t have enough cash on hand to cover the costs. And you don’t want to go through the extra time and expense involved in an IPO. What can you do? You think about it and then come up with a great idea. Why not sell off pieces of ownership in each of …

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How much work is involved in a Token Offering? Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018

Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018 BrightCOIN CEO Vince Mundy on a panel discussion at Echelon Asia Summit 2018 talking about the current state of ICOs. The video starts off in the middle. The summary: lots, lots of work. Sleepless night, lots of moving parts. Capital required: lots of capital. I would say that it takes a minimum of $50-$100k to do a successful ICO/STO. Of course, that’s a low-end number….many projects come in with $250k-$500k budgets.   NOTE: This article is provided for informational purposes only and should not be construed as legal or tax advice.

Are VCs important for ICO/STO issuers? Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018

 

 

Current state of ICOs, the greed, the failed icos and the future. – Vince Mundy

Vince Mundy CEO BrightCOIN talk at Echelon Asia Summit 2018 BrightCOIN CEO Vince Mundy on panel discussion at Echelon Asia Summit 2018 talking about the current state of ICOs.   NOTE: This article is provided for informational purposes only and should not be construed as legal or tax advice.  

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