Why Are There No 'Security Tokens' (Yet)?

Why Are There No ‘Security Tokens’ (Yet)?

US regulators have done little to provide certainty for buyers and sellers of blockchain-based tokens. A page on the Securities and Exchange Commission’s website on the topic of ‘initial coin offerings’ offers only sparse information in form of “5 things you need to know about ICOs,” starting with the somewhat ominous declaration that “ICOs can be securities offerings” – a message which seems to have found a receptive audience, judging by the growing number of projects offering their assistance with “security token offerings.” - The following examines the viability and efficacy of security tokens in the context of blockchain-based systems for the purpose of securities creation and handling: