Abu Dhabi: The STO LAB (MENA) which will be in incorporated in Abu Dhabi Global Markets (ADGM) officially announced the launch as the first regional chapter of the STO Lab in October 2019. Headquartered in Hong Kong, the STO LAB, is a global business alliance for security token eco-system that aims to build a global network for sourcing high-quality STO projects and distributing unique STO deals through multi-country syndication model. The STO market has been growing rapidly with positive developments on regulatory aspect and strong participation of major traditional financial institutions around the world.
“The evolution of security token is very exciting. It opens up the distribution of private investment opportunities to globally accredited investor networks. On the other hand, investors can now have access to many international, unique and exclusive deals that were previously inaccessible to many investors on the market,” said Samson (SAM) Lee, the Co-founder of THE STO LAB and CEO of Coinstreet Partners.
The STO LAB also aims to streamline and facilitate a cohesive workflow along the currently highly fragmented value chain with various vertical solutions that focus on different segments. Together with its consortium members from the global network, they are deriving multi-country, fully compliant models and best practices in asset tokenization process.
According to a report from STO Block, USD 700 million has been raised by fifty-five STO projects up to end of Q3 2019. Many recent positive regulatory developments and increased participation of traditional financial institutions show that there is a strong upward trend.
“While the market is at its early stage, STO will be a cost effective and efficient way for established institutions to bring additional liquidity to their asset portfolio through tokenizing process,” said Saeed Hareb Al Darmaki, Co-Founder of Alphabit Digital Currency Fund.
The STO LAB focuses on more mature businesses and projects for STO, with strong underlying traditional asset classes such as equity, debt, cashflow and investment funds. Not only does it provide new liquidity to many traditional assets, it also creates a new pathway in capital market from “STO to IPO,” particularly for small and medium companies.
“MENA region has many great asset management companies that own and manage sizable assets around the world, and also with many financial institutions and family offices that actively invest globally. Abu Dhabi Global Market in UAE is a strategic location for establishing the presence of STO LAB to cover the MENA region,” said Kokila Alagh, Co-founder of STO LAB, (MENA) and Founder of KARM Legal Consultants.
Announcement of STO LAB (MENA) marks the beginning of their global roll-out campaign. Target for phase-1 roll-out in STO LAB global network will include 8 countries, such as USA, UK, Singapore, Korea, Japan, Hong Kong, Switzerland & MENA.
About THE STO LAB
THE STO LAB (STO-LAB) is a global business alliance network and eco-system for sourcing and distributing high-quality STO projects on international markets. The consortium consists of corporate members from different industries, key eco-system enablers and service providers along the value chain, and financial institutions and accredited investors. Together with its consortium members, STO LAB aims to derive a multi-country fully compliant ways and best practices in asset tokenization process. Please visit - http://thestolab.com/
About Coinstreet Partners
Coinstreet Partners (Coinstreet) is building the next generation “decentralized & fully integrated investment banks” and building the business eco-system for the new era of Token-Economy. Coinstreet Partners has 4 main businesses include Token Finance Consultancy, Digital Asset & Wealth Management, Digital Asset Tokenization and Exchange Platform, and DLT and DeFi Solutions. Coinstreet provides one-stop advisory and consultancy service for security tokens and digital assets by collaboration with regulated market operators and licensed broker dealers from major financial markets worldwide. Please visit - http://coinstreet.partners/
About Karm
KARM is a law-firm specialized in providing legal advice on Corporate/ Commercial, Blockchain, Tokenization, Fintech and Data Protection related transactions. KARM has advised its clients on the use and implementation of blockchain, including launching cryptocurrencies/ coin offerings, funding rounds, and setting up multi-cryptocurrency exchanges regionally and internationally. Please visit - http://karmadv.com/
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