QRC Group Sponsors Development of First Security Token Specification with BSI sina.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.tw Daily Mail and Mail on Sunday newspapers.
3 months ago
The UK’s national standards body BSI published the Security Token Specification, one of the sector’s first cross-chain standards. The specification is called PAS 19668 and was sponsored by blockchain advisory firm QRC. The steering group included the London Stock Exchange Group, OnChain Custodian, Tokeny, Blockckstream, BitGo, Prime Trust and numerous others.
Without a security token standard information tends to be presented in inconsistent formats, making the market inefficient and deters potential participants.
“Issuers will trust BSI-standards technology, with greater confidence in their technology provider or token distributor, this will drive adoption of STO fundraising activity,” said QRC CEO Shogo-Ishida.