Today, Security Tokens are not intended to be offered, sold or otherwise made available to public without “permission” from the SEC. Despite recent comments by a former SEC chairman that some tokens are not securities, it still hard to find appropriate regulatory guidelines in this specific field.
If security tokens held directly by a buyer, meaning that the buyer has received the share certificate or other ownership documentation for the investment that he made. Which no cryptocurrencies could provide. But it doesn’t mean it can’t change later in the future but right now most cryptocurrencies should be handled in a less blatant and equally determined way.
There should be a platform that provides a bigger tent for more of today’s ICOs. A platform for digital transformation landscape where any token ICO is able to offer security tokens without breaking the law.
MOBU is a decentralised organised all-in-one platform to launch validated security tokens. MOBU makes it easy for any company to launch ICO of security tokens, which means the ability to issue tokens that represent shares of company stock. Previously this process became a costly nightmare for new startups. But MOBU organised ICO platform for launching compliant security tokens. Real businesses such as property development companies, gold mines, retail companies and many more will be able to launch security tokens on the MOBU platform. MOBU connects approved entrepreneurs and investors by cutting out middlemen.
MOBU restricts tokens to verified users by:
- providing an ecosystem with a vetted tender process with strict criteria (rating system) for service providers in terms of track record, pricing, capital requirements, etc.
- deploying a network of authorization centers for KYC/AML compliance
- deploying a network of authorization centers for SEC approval for securities (reg CF, reg 504, reg 506(b), 506(c))
- deploying a network of authorization centers for a new standard “Know Your Supplier” (KYS) for due diligence (DD) compliance for legal providers, smart contract developers, KYC/AML providers and escrow providers
With these features, investors don’t have to worry about a hidden agenda behind the cryptocurrencies like they do with most ICOs. There’s a low barrier to entry, since minimum investments are often less and not be restricted to only US accredited investors and institutions.
All of this means investors can have peace of mind that they are well protected, which is a strong factor for customer retention and mass adopotion.