What the Heck Are Tokenised Securities?
▻https://hackernoon.com/what-the-heck-are-tokenised-securities-7cd1123cbdad?source=rss----3a8144
There are a lot of claims going around in the crypto community that tokenized securities are about to revolutionize traditional finance. In light of such optimistic sentiment, it is worth drilling into exactly what the hoopla is all about.tl;dr;yes, there are good use cases for tokenizing securities but not the ones I am seeing shilled on social media.What is a #security?A security is a concept that is both legal and economic. From economic point of view, a security is essentially a claim on future cash flows of the issuing entity that can be exchanged for value and involves a degree of risk that the claim will not be repaid or fulfilled.From legal point of view, public sale of securities is highly regulated. An Initial Public Offering is an issuance of equity securities to the general (...)