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- 🎉 We hit our soft cap!
🎉 We hit our soft cap!
We are proud to announce that our CF has closed its first tranche
Jonah Schulman
November 14, 2022
PRESENTED BY:
Gooood morning, Rainmakers! ☀️
We at Security Token Market are honored to announce that we have hit our soft cap and are able to officially deem this a successful security token offering.
It's been an incredible journey for the team, to say the least, and I for one am extremely proud of our efforts over the last 13 months.
Since this is a rolling close, it is still open until 03/31/2023!
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The power of tokenization is what enabled us to reach a global audience with retail and institutions coming in on the same deal.
Our CEO, Kyle Sonlin, had this to say on our achievement:
“STM continues to drive industry adoption by successfully issuing a compliant security token to a global set of investors. This process has been a winding road filled with many learning opportunities and we are excited to accomplish an industry milestone alongside a set of great partners. The current market climate only proves the need for compliant, real-world-asset-backed tokens that provide stronger tangible value to the investors who have become accustomed to trading in blockchain markets.”
We chose to capitalize on the rise of crowdfunding, and additionally bring it into the world of Web3 by incorporating stablecoins and digital wallets into the process.
Crowdfunding unlocks a major opportunity for retail investors to receive access to investing in private deals that are usually exclusively for the ultra-wealthy.
In fact, the global crowdfunding market size is projected to reach $28,920 million USD by 2028, from $13,640 million in 2021, at a CAGR of 11.2% during 2022-2028!
The industry has already surpassed a $15B market cap in its secondary market, with an estimated $50B in the primary market pipeline with tokenization affecting most, if not all, assets around the world.
It’s projected to reach over $4 Trillion by 2030, and Security Token Market is at the forefront of it all.
“This is a truly remarkable event in financial history.” Noted Herwig Konings, co-founder of Security Token Market. He continued, “We successfully provided feedback to the SEC during their public commentary period back in 2019, and now have been able to come full circle in launching our own successful crowdfunding campaign. This has been an incredible journey.”
Security Token Market is positioned as a trusted voice in the security token industry as a leading global source of data and news on tokenized assets, tracking over 200 tokenized securities from 11 different live marketplaces worldwide and hundreds of primary offerings known as STOs.
In the coming weeks, we plan to launch a brand new website aiming to supply investors with state-of-the-art trading tools, research, news, and more.
Thank you all for joining us on this journey, whether you invested or not, we thank you!
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Important Disclosures:
Everything in this report is for informational and entertainment purposes only. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this market report should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.
Private market investments are speculative and considered risky, including potential loss of your investment, and may not be appropriate for every investor. Private investments are generally an illiquid asset class; investors cannot sell their funds when they want to without potentially facing high losses. Any discussion of liquidity is purely speculative.
Crowdfunded securities are generally offered by early-stage companies and investors should be prepared to lose some or all of their investment. Investors should read all of the risks and disclosures prior to making any investment decisions.