Hi, we're an early stage company (no set name yet) building a platform for the legal issuance and trading of token-based securities.
Right now, startups are trying to shoe-horn tokens into their products to devise ways to pass the Howey and risk capital tests. What we're doing is building a place where they can instead legitimately sell their securities through regulated initial coin offerings. We'll also have a regulated secondary market for the continued trading of those securities, and once enough ICOs have been launched on the platform, diversified token funds for passive investors as well.
Today we published our rough (but maybe too overly detailed) plan on our website. It's not a flashy marketing site or anything, just pure information, about 3,500 words. You can read it at
regulatedicos.com.
Following the SEC's decision on the DAO ICO, and China's ban on ICOs just the other day, we feel a product like this is important to help legitimize the ICO landscape in the eyes of regulators.
Tell us what you think. Is there anything we can make more clear? Do any of you have any questions, comments, or critiques? How about any interest in the platform?
We're emailing some VCs about seed funding right now (both blockchain and traditional VCs) so we can incorporate our company and meet with lawyers. But we plan on having a token sale after that, followed by an ICO once the platform is launched.
