Tokenization of assets has been (as expected) slow to take off. However, there’s always something happening, and there seems to be one development to keep an eye on. Namely, Tezos has been chosen by several tokenization platforms as the preferred choice of blockchain technology.
What is Tezos? Tezos is similar to Ethereum, and is meant for developing d’apps. There are quite a few differences to Ethereum though, and it makes sense to keep an eye on Tezos if you’re planning to launch your STO.
For example, the CEO of TokenSoft believes that 25-35% of all security token offerings on TokenSoft platform will be done on Tezos blockchain. That’s a big number, and if more tokenization agents embrace Tezos blockchain, we might have a dominant blockchain technology for STOs.
Keep your eye on Tezos, and let us know if you need any legal assistance with your tokenization project in Europe.