Standard Tokenization Protocol is an open-source standard defining how tokenized assets are issued and transferred while complying with all necessary regulations. Tokens built on top of the STP-Standard will use the protocol’s on-chain Validator to verify compliance with any jurisdictional or issuer-specific requirements.
Standard Tokenization Protocol allows assets to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any blockchain platform.
Asset owners use Standard Tokenization Protocol to originate, structure, and execute the tokenization and syndication of their new offering.
Institutions can leverage Block72 for institutional sales & trading, industry research, liquidity solutions, restructuring, and Merchant Banking services.
Retail investors can use Block72’s mobile app investment platform for token & asset management services.
At the core of the blockchain ethos is the principle of disintermediated transfers of asset ownership. The STP-Standard upholds this as a core tenet, enabling direct, peer-to-peer token transfers with no third party involvement. The onchain Compliance Validator confirms that these transfers are executed in accordance with the pre-programmed rules of the issuer and/or regulator. In this way, the STP-Standard ensures parties are able to directly transact with each other while ensuring compliance is upheld at the token level. This feature is not possible in the traditional financial world, and is a core feature of the Standard Tokenization Protocol-Standard.
In addition to the prior two use cases of the STPT token, the network also enables a Proof of Stake mechanism that allows token holders to stake and earn Standard Tokenization Protocol. Specifically, token holders stake an amount of STPT proportional to their confidence that all Compliance Validator requirements are met, and they either earn Compliance Validator Gas tokens in return as a reward for honest behavior or else lose their stake to reward honest stakers.
Token holders who desire to stake their STPT tokens will do so by delegating their stake to a token-elected Validator Committee. The validators who comprise this Committee will earn STPT for submitting publicly auditable proof that the Compliance Validator matches the laws of their jurisdiction or is otherwise functioning properly.
Given the rational behavior of Standard Tokenization Protocol token holders, they will seek to delegate their stake to credible advisors, partners, and authorities of their market segment or jurisdiction such as securities lawyers, regulators, and legislators in order to protect their stake. The Validator Committee STPT rewards should incentivize these groups to participate in a meaningful way and become integral participants of the STP network.
Features of Standard Tokenization Protocol
Tokenize any asset to enable more dynamic and programmable features
Decentralized, smart contract-based crowdfunding powered by the STP token
Shift from reactive to proactive compliance with the Standard Tokenization Protocol Token Standard.
Issuers can use Standard Tokenization Protocol to execute the tokenization of their assets. STP’s onchain Compliance Validator ensures global compliance at all times, giving issuers the best of all financing options: the liquidity of an IPO, the speed and efficiency of an ICO, and the compliance assurances of a regulated offering.
Retail investors will be able to access new STP-Standard token offerings through the mobile app as well as wealth management tools for managing their STP-Standard token holdings. This single platform for all Standard Tokenization Protocol offerings will help individuals find and invest in the right projects for them, while helping projects reach the right audience and grow their communities.
The STP token enables new financial tools such as onchain crowdfunding where investors access new offerings by sending Standard Tokenization Protocol tokens directly to a smart contract which automatically returns the new STP-Standard token to the investor.
Mike Chen, CEO Sinhae Lee, CO – FOUNDER Richard Lee, CO – FOUNDER
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