Friday saw Australia’s leading crypto- and blockchain-related educational platform and consultancy, Nugget’s News, partner with security tokenization startup Konkrete to launch the country’s first end-to-end solution for security token offerings (STOs).
In an announcement published by Nugget’s News, the partnership with Konkrete provides Australian entrepreneurs with the opportunity “to create a compliant security token issuing for investors in Australia, New Zealand, Singapore, and the United States.”
The partnership certainly appears a highly complementary one. Nugget’s News has substantial mindshare among local crypto enthusiasts, which bodes well regarding the new end-to-end STO solution’s ability to generate a sizeable amount inbound interest. Konkrete, on the other hand, brings with them the relevant technical know-how and experience tokenizing securities in a manner that is legally compliant in Australia and various other jurisdictions. Underscoring this synergy was Nugget’s News founder and CEO, Alex Saunders, in Friday’s announcement:
Nugget’s News has long been helping Australian blockchain-based startups reach their potential. As the industry and its regulations continue evolving, it is great to be able to join forces with a team as diligent and experienced as Konkrete to know we are launching securities in a fully compliant fashion.”
By utilising the combined skills of Nugget’s News and Konkrete, clients looking to launch an STO can expect to receive assistance in areas associated with “project development, security tokenisation, issuance, legal compliance, along with a host of other support services,” the blog post went on to state.
AUSTRALIAN FIRST: @NuggetsNewsAU, Konkrete Launch End-to-End Security Token platform. 📝🔐
— Nugget’s News (@NuggetsNewsAU) March 29, 2019
Timely Launch as Aussies Look to Give STOs a Go
Friday’s launch of the end-to-end security tokenization solution certainly looks set to “drive forward the STO space in Australia,” as Konkrete co-founder and managing director Sean Qian put it.
Indeed, it comes at a time where various Australian blockchain- and non-blockchain-based projects prepare to launch – or already have launched – a tokenised version of a real-world asset. One such project is Power Ledger (POWR), the country’s most successful crypto startup to date, who are finalizing the launch of a never-before-seen investment product known as an Asset Germination Event (AGE).
Power Ledger’s Asset Germination Event (AGE) Detailed in Latest Crypto Lark Interviewhttps://t.co/p2I9M0C14P@PowerLedger_io #PowerLedger @Anya_Nova @TheCryptoLark @MsJemmaGreen @DavdMartn #Crypto #Renewables #Blockchain #Solar #Sustainability #Tech $POWR pic.twitter.com/OQMSCTxy64
— CryptocoinSpy.com (@CryptoCoin_Spy) November 5, 2018