In our previous article, we explored the merits and pitfalls of
a marriage between blockchain tokenization technology and
traditional securities in the form of equity interests.
We concluded the article by suggesting that regulatory
inhibitions (both domestic and cross-border) and a lack of
coordination between the concerned stakeholders may present
stumbling blocks for STOs seeking to gain widespread traction. This
article will explore and highlight some developments which suggest
that the STO market may finally be able to make some tangible
headway in Singapore.
Re-forming the paradigm
Many early community-based blockchain projects propagated a
vision of creating jurisdictionally autonomous virtual societies
whereby independent stakeholders would contribute to the ecosystem
in one way or another, and tokens would facilitate the sharing of
power and trading of resources. This trope has become a persistent
thread weaving through many blockchain projects promising
