18 October, 2018

PAC + Konkrete - first ASIC compliant STO

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As of 17th October, Konkrete is officially Australia’s first blockchain venture undertaking a fully regulated public token offer, instead of an ICO!

This effectively makes Konkrete the the first STO registered with ASIC - the regulatory body in Australia.

This is a significant milestone as it validates the business model in a regulatory sense, since the registered offer is similar to what will be offered for other issuers on our platform.

Here is a link to the relevant form:
http://www.search.asic.gov.au/cgi-bin/offerlist/offerlist?doc_no=501525296&time=201810151224

 

What is an STO?

 

A security token offering (STO) is an evolution of the ICO concept. It’s a more secure way to raise capital using crypto currency and combines the benefits of initial coin offering with the strength of regulated financial securities.

Find out more about STO's here.

 

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