Oct 13, 2018
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The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social Media

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Today’s installment of The Daily is about building more than bickering, though we’ll squeeze in a little of the latter before we sign off. First though, let’s start by considering the latest projects being proposed within the crypto space: a tokenized security platform and a social media network that doesn’t leak data.

Also read: South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

Nasdaq Plots Tokenized Security Platform

It’s being reported that Nasdaq, the giant U.S. exchange operator, is plotting a new platform dedicated to tokenized securities. The move would enable projects to offer STOs in a regulated environment so as to accord to U.S. law. As popularity for ICOs has waned, exacerbated by fears that so-called utility tokens may in fact be unregistered securities, U.S. projects eyeing tokenization have been left with no choice but to go down the STO route. It’s believed that Nasdaq is in talks with blockchain firm Symbiont to create its own platform that would enable tokenized securities to be listed and traded.

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