CoinList’s Fifth ICO Is a $61 Million Bid to Tokenize All the Assets

The website aiming to be the gold-standard for token sellers özgü been picking up the pace.

Since spinning off from venture capital giant AngelList last October, New York-based CoinList özgü been able to make a spot on its website a coveted place for serious projects, even in a crowded market for compliant coin offerings. So, on Monday, the wider world of token entrepreneurs and investors took notice when the company opened registration for its fifth sale.

The new entrant? TrustToken, a platform that aims to simplify trading real-world assets on a blockchain.

TrustToken hopes to be a one-stop shop for those who want to launch such efforts, supplying the means for them to do everything from creating a legal entity for the asset and interacting with the fiduciary agent responsible for it, to fulfilling regulatory requirements and interacting with the blockchain.

The trust token being sold then acts much like insurance does for traditional securitization. The smart contract will require that a certain amount of trust token be set aside for any given asset. Those doing so will take liability for the asset, guaranteeing it on behalf of its holders.

Finer points aside, though, the addition of TrustToken is notable in that it follows just four previous sales held on the site: sharing economy platform Origin; live-streaming mobile app Props; decentralized web protocol Blockstack; and the token for cloud storage, Filecoin (whose creator, Protocol Labs, collaborated with AngelList to launch CoinList).

So, even with the uncertain regulatory environment in the U.S. remaining, TrustToken may be a sign that things are again starting to accelerate.

After a long lull following its Props sale in early 2018, TrustToken marks the second…

Source: https://www.ccn.com/

HashFlare
Categories: Ripple

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