Signum Digital Obtains Approval-In-Principle for First Security Token Platform in Hong Kong

Signum Digital Obtains Approval-In-Principle for First Security Token Platform in Hong Kong

Signum Digital, the joint venture company of Coinstreet and Somerley Capital, has received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for the first security token offering and subscription platform in Hong Kong.

Security tokens are a new type of blockchain-based virtual asset that may represent ownership in actual assets, such as real estate.

Subject to satisfying the conditions for final approval from SFC, this license will allow Signum Digital to operate a security token offering and subscription platform under the brand of "CS-Pro," serving professional investors and providing funding for issuers with qualified projects in Hong Kong and international markets.

The CEO of Signum Digital and founder of Coinstreet, Samson Lee, said:

the company aims to fill a gap in traditional fundraising channels where SMEs face many challenges, and professional investors also have limited options for high-quality alternative investment opportunities.

 

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