Kriptokoin – Coinbase's corporate sales manager in Asia, Kayvon Pirestani said, the San Francisco-based crypto currency exchange Coinbase may soon issue a registered stock exchange token.
Speaking about the evolution of CoinDesk's crypto-currency capital formation in a panel held at the Invest: Asia conference on Wednesday, Pirestani says the first stock exchange offer (IEO) platform is currently one of the few capital-building tools explored by Coinbase.
Est We think it's a really interesting opportunity for Coinbase, Pir Pirestani says.
“In summary, Coinbase is carefully exploring not only the IEO area, but also the STOs (securities token offers). But I can't make an official statement at the moment. "
IEOs are already supported by most other major exchanges, including Bitfinex, Binance, OKcoin and Kucoin. Unlike the first coin offer (ICO), an IEO is another fund-raising tool. It usually requires recognizing your customer on behalf of a stock exchange (KYC) and making a stock exchange commitment to implement anti-money laundering (AML) controls.
Although Pirestani says he may be out of the "Coinbase IEO platform" in a few months, there are few plans for US securities offerings.
Pirestani says that securities tokens are ancak talked a lot, but there are fewer transactions ”, and Coinbase can be expected to launch an STO product if more market demand arises.
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