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:
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.