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Your First Captivating Topic of the Week

🇺🇸 Tokenized Stocks but Backwards: Rialto and DSDC

Usually when we talk about tokenized stocks we refer to companies taking a US public stock, Apple ($AAPL) for example, and tokenizing it for non-US investors to get access to and trade.

Who’s done this before?
We’ve seen Swarm Markets and Dinari do this among other companies in the security token space.

So what do you mean by backwards Jason?
I’ll answer that with a question: Have you heard of American Depositary Receipts (ADRs)?

I gotcha…

Let’s Get Liquid

American investors looking to invest in companies outside the United States will usually opt for an American Depositary Receipt (ADR).

According to Investopedia, an ADR is essentially a certificate of a stock bought on a foreign exchange. A broker will buy them on that exchange, deposit them into a custodian bank, then have a depositary bank issue shares (the ADRs) which represent the stocks held at the custodian bank.

Now the ADRs can trade in the US like a normal stock would, denominated and settled in USD.

So now that we have that down, the news this week is that we’re going to start seeing tokenized ADRs! Rialto Markets is a FINRA-member broker dealer and SEC-registered Alternative Trading System and they’re partnering up with infrastructure provider, the Digital Securities Depositary Corporation (DSDC).

Together Rialto and DSDC meet the requirements needed to launch the DSDC’s initial offering of improved cross-border investments, which are the result of a multi-year consultation with the SEC and FINRA, according to the press release. Rialto Markets will play an oversight role on the DSDC network while DSDC leverages KALYP from a tech perspective to get these offerings to market.

Can you imagine a tokenized international company trading right next to other security tokens? This is exciting!

A Message from TokenizeThis 2024

Tickets are now available for the highly anticipated TokenizeThis 2024 conference, hosted by Security Token Market!

UPDATE: Early Bird Tickets End on Friday!

Use code WD10 for 10% off, including early bird ticket pricing

Mark your calendars for May 9-11, 2024, as this conference promises to be an unforgettable experience in…the vibrant city of Miami, FL! 🌴

Boasting a diverse array of industry experts as speakers, thought-provoking panels, and an immersive workshop, the conference offers an in-depth exploration of the ever-evolving tokenization landscape.

Some of the 50+ speakers at TokenizeThis 2023 included executives from Onyx by JP Morgan, WisdomTree Prime, Franklin Templeton Digital Assets, Oasis Pro, Securitize, Centrifuge, Maple Finance, Ava Labs, Polygon, Provenance and many more.

Your Second Captivating Topic of the Week

🤝 New Offering Launches Tomorrow: REtokens

Remember we said there’s a new platform in town a couple of weeks ago? Well now they’re eating their own dog food by doing their own offering!

Led by Tyler Vinson and David Kirschbaum, REtokens is tokenizing their own equity and is accessible to accredited investors at just a $5,000 minimum. This offering is already over 50% committed and goes live tomorrow, February 27th alongside their webinar at 8:30pm EST.

The founders have 20+ years of experience in the real estate investment space and are using that to create REtokens, meant for both institutional and private equity syndicators.

We hosted on Security Token Prime a couple of weeks ago, covering their new platform and how issuers will have access to an AI-trained process for fillings, saving time and money.

Other topics we talked about include potential distribution channels, collateralized loans, alternative financing, portfolio management, tax benefits with Ledgible, and more!

Watch the Security Token Prime recording here.

Reports

STM Monthly Market Report - January 2024 (NEW)

We're thrilled to announce our market reports are coming back on a monthly basis! In this month’s market report, we have meticulously tracked over 470 trading tokenized securities spanning across 12 marketplaces and 8 blockchains.

Sections include:
👉 Key Takeaways
👉 Asset Class Breakdown
👉 Marketplace Spotlights
👉 On-Chain Treasury Products
👉 New Tokens and Announcements

Full Report Available Here

State of Security Tokens 2023 - Q3 Report

The Security Token Advisors State of Security Tokens 2023 - Q3 report is brought to you by Security Token Market!

Shared through CoinDesk’s Crypto Long & Short, Peter Gaffney dives deep with updates from across the industry, from issuers to platforms to protocols. Take a read for analysis on common themes emerging for both primary and secondary markets!

This is not financial or investment advice.

TokenizeThis: Highlights and Key Takeaways Report

We’re proud to have put together a free, 3-day event that resulted in shared insights valuable to both our retail and institutional audiences. That said, we recognize 3 days is a lot of content to take in so we did it for you!

Check out our report highlighting the key takeaways from the conference, quotes, and common themes across the panels.