OiX Global launches the first platform for ISOs — Initial Securities Offerings
Global block chain start-up launches a more compliant ICO called ISO (Initial Securities Offering). With their exchange already live in alpha mode, they are actually an operational business as opposed to just an idea waiting for funding to go live. The company is offering platform where, in form of securities, people can invest in a verified company as opposed to one that hides in the shadows.
March 13, 2018, Washington, USA — The biggest conflict between the Block chain start-ups and various governments across the world is the way that ICOs are structured without any safeguards for investors. There has been a lot of push back from the traditionalists calling ICOs fraud, Ponzi scheme among others. This has severely limited the reach of the start-ups in getting funding. OiX has been working on this issue with various stakeholders across the globe over the last year and has come up with a new paradigm called ISO that will find easy acceptance with government bodies and will bring block chain start-ups to the mainstream. Any user can register and log into their exchange www.oix.global which is already up and running. Banking and security expert and founder Santos Sinha outlined his vision for the venture and the block chain start-ups by stating:
“We, as an industry, understand that structuring our Tokens as Securities will not be for everyone. Not all block chain start-ups are going to be listed as ISOs and the ICO industry will continue for as long as all the governments do not end up banning them. You have to realize that just because an asset is on a distributed ledger does not mean it is exempt from security laws and this is exactly what that governments around the world (and SEC more so in the US) are claiming. Considering that they have the last word in the matter, what is wrong with structuring all blockchain funding effort as Securities starting right now? We are not in the market to cheat the investors, are we?”
Unlike other exchanges that list ICOs without much due diligence, OiX will be discerning within reason while listing tokens on their platform. This way, any investors that come on OiX to invest on a listed SecureBlock token, can rest assured that they are investing in a company that is not hiding in the shadows. Securities regulators around the world have been escalating their activities in order to catch up with the block chain innovations while fulfilling their mandate of protecting investors.
Their platform is built on ERC-20 specifications. The trading platform based on Ethereum Blockchain using standard ERC-20 contracts aims to improve and modernise its automatic trading platforms using Blockchain technology and to ultimately share the benefits with the community.
As the company is working on the guidelines of regulatory authorities in major countries, they are also coming up with OiX Government Cloud, ( https://www.oix.global/oixgc/ ) which offers its services to government entities as they transition their transaction records on blockchain infrastructure.
In order to ascertain the acute need of a platform like OiX let us look at how various major countries stand when it comes to Blockchain tokens:
In United States, on the 6th of February 2018, SEC chairman, Jay Clayton, stressed that all ICO token were securities and therefore will be subject to the law. German authorities have indicated a willingness to follow guidelines from the European Securities Market Authority. Under the existing law, ICO tokens qualify as securities and therefore need to be regulated. ICOs are still allowed in the EU but they must adhere to AML/KYC policies. Future regulations will apply. Canada still allows ICOs in the country but has formed a regulatory sandbox for the FinTech industry. All ICOs are placed under the stipulated regulations. They are likely to announce that only those block chain tokens are allowed that are structured as securities. The Israeli Securities Authority has commissioned a study to find the best way to regulate the industry. Even in Israel the talks are on for securities as standard for Blockchain tokens. The authorities in Australia have said that ICOs must comply with the Corporations Act and that they have to issue all disclosure documents concerning the ICO. The Philippines Securities and Exchanges Commission will require ICOs to register with the SEC as they are considered to be securities. Even in Singapore the country’s central bank has issued guidelines on ICOs, Which states that the ICO tokens will be under the securities laws.
OiX is uniquely placed to take the regulations head-on by providing regulatory advisory services to those planning on bringing their token as securities. OiX will also provide landing Page solutions for those planning to come up with ISOs and listing on their exchange.
With their exchange already live in alpha mode, they are actually an operational business as opposed to just an idea waiting for funding to go live.
Features First blockchain exchange to embrace a majority of Government Compliance and Regulations, ready with OiX Cloud Platform for Government, already working with different governments in Europe, South America, Asia and Middle East Region for adoption of Blockchain Security Standards. This implies zero scams. Both OiX Exchange and OiX Government Cloud have been assessed by gilt-edged Legal, Banking & Internet Security Professionals. As of now have started pre-orders for the first Secure Biometric Hardware Wallet. OiX is an investor ready platform as well as an investor centric exchange. The OiX Blockchain Security Exchange performs due diligence to mitigate risks involved in blockchain backed investments. The exchange website is available in English, Japanese, Korean and Indonesian. OiX is unique exchange with integrated security solutions which safeguards every one using the platform, trade coins and help ensure government compliance met. ...
ISO – Initial Securities Offering #OiXGlobal #ISO #ICO The Open Investment Exchange (OiX), defined ISO compliance framework for Initial Securities Offerings. The offerings themselves give investors a portion of ownership in the company issuing them. The first Securities offering a company issues is called an initial Securities offering. Company must follow ISO Guidelines to issue Initial Securities Offering. Read more: https://www.nasdaq.com/…/oix-project-launches-the-first-pla…
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