Security Tokens are Here, Next Up, Sustainability Tokens

Last week (11 March) the German Financial Supervisory Authority approved the first Security Token Offering, or STO, by BitBond, a peer-to-peer lending platform. It is based on the Stellar blockchain and offers a fixed 4% return. STOs are fully regulated securities and as such protect investors from the risks associated with ICOs (Initial Coin Offerings) made popular in 2017 and 2018. An article published in Bootstrapping on 18 March argues that Security Token Offerings can pave the way for tokens as a new tool to deliver on sustainability. Marianne Haahr, the article’s co-author, is director of the Sustainable Digital Finance Alliance whose advisory board includes Task Force members Piyush Gupta, Phumzile Mlambo-Ngcuka, and Patrick Njoroge.
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