On April 10th 2019, Swarm announced that it will bring security tokens to the TRON blockchain. Individuals and enterprises can issue tokenized assets through the Swarm platform on the Ethereum, Stellar, and now Tron blockchains. View source
In the document, the FSC declared that security tokens are considered digitally represented securities as defined in the Securities Act of 2005. As a consequence, when STOs are conducted in or from Mauritius, the offering is regulated by local security regulations, including the requirement for a prospectus. View source
As of April 11th 2019, Harbor’s $20 million tokenization of a REIT involving ‘The Hub at Columbia’ has officially been called off. According to a Harbor spokesman, the underlying cause was a dispute with the project’s existing mortgage lender. View source
This week, lawmakers introduced potential legislation which could alter the classification of security tokens forever. The Token Taxonomy Act seeks to provide more clarity in the sector. If passed, security tokens would see exemptions from many of the current securities regulations. This legislation would allow security tokens to achieve their maximum potential in the market. View source
On April 10th 2019, Provenance.io Blockchain announced a successful Security Token Offering (STO) which raised $20 million. The funds will go towards the further development of Provenance.io and its administrator, Provenance Blockchain Inc., which are now independent entities. View source
