Texas Crypto - Security Tokens 101 with Dylan Macalinao, Head of Product at Abacus
Security tokens are any blockchain based representation of value that is subject to regulation under security laws. That includes tokens representing traditional assets like equity, debt, derivatives, and real estate, and it also includes pre-launch utility tokens that are deemed securities by the SEC; earlier this year SEC Chairman Jay Clayton declared that "every ICO [he's] seen is a security". Due to the benefits of tokenization such as automated compliance and increased liquidity, there is a strong belief that security tokens will see widespread adoption across numerous asset classes in the coming years.
Dylan Macalinao is the Head of Product & Design at Abacus. Abacus is an issuance and administration platform for compliant tokenized securities backed by Y Combinator, Coinbase, Justin Kan, and Yeoman's Capital.