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Signum Digital’s Securities Token Offering Platform gets Approval from Hong Kong Securities and Futures Commission

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Signum Digital’s Securities Token Offering Platform gets Approval from Hong Kong Securities and Futures Commission

On March 17th, Signum Digital, a joint venture between Coinstreet Holdings, a digital asset consulting company, and Somerley Capital Holdings, a Hong Kong financial group, announced that its securities token offering and subscription platform had been approved in principle by the Hong Kong Securities and Futures Commission.

Signum Digital announces that its securities token offering and subscription platform has been approved in principle by the Hong Kong Securities Regulatory Commission

Analysis based on this information:


Singapore-based blockchain company Signum Digital has announced that its securities token offering platform has been granted ‘approval in principle’ from Hong Kong’s Securities and Futures Commission. Signum Digital is a joint venture between digital asset consulting firm Coinstreet Holdings and Hong Kong-based financial group Somerley Capital Holdings.

The approval in principle means that the SFC has agreed to allow the Signum Digital platform to operate under current applicable regulations. The platform was designed to provide end-to-end digital investment lifecycle management, which encompasses security token offerings and subscription services for both primary issuance and secondary trading in crypto assets.

The approval of Signum Digital’s platform by the Hong Kong Securities and Futures Commission has been a significant milestone for the blockchain industry. By embracing the future of digital securities, the regulatory body has taken a significant step towards creating a digital securities ecosystem that can compete and excel against traditional financial markets.

Digital securities, also known as Security Token Offerings (STOs), are a new approach to investments, engineered to offer more transparency, security, efficiency, and accessibility compared to traditional securities. STO enables issuers to digitize financial assets and tokenize them on a blockchain, making them investable to a broader audience across the world.

Coinstreet Chairman and CEO, Samson Lee, emphasized that the company would continue working with the regulator to drive digital innovation, highlighting the strong role technology would play in building financial markets for the future. He remarked: “With this regulatory approval, we are proud to launch our next-generation solution for the digitization of securities in Hong Kong, reaffirming our industry-leading position in Asia and beyond.”

In conclusion, the green light for Signum Digital’s platform is a development that signals a new era in finance for Hong Kong. The regulatory approval represents a vote of confidence for digital securities, with the possibility of exciting changes and development in the coming years. We can expect to see more blockchain-based companies push to get regulatory approval to provide more investment options to users.

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