User:Coinstreet Sam Lee/sandbox

Security Tokens are securities in a tokenized format, and sometimes also called “digitized securities”.

STO is "Security Token Offering", or DSO is "Digitized Securities Offering".

On the website of the US regulator – Securities & Exchange Commission (SEC), they have a very clear section of "Initial coin offering" (ICO), one does not yet exist on STO. On Dec 27 2018, SEC issued 2nd public consultation of “Rules of ICO”. In the consultation paper, it has a very clear framework on a few key issues: registration of security tokens, qualification of issuers, qualification of advisors, escrow agent, return of funds….etc. The closing date of this consultation paper was Jan 15, 2019.