The issuance process of STO tokens is as follows:

Distribution scheme design: according to the information and requirements of project qualification, give reasonable suggestions to avoid other risks more effectively;

VIE main body construction: registered overseas main body company, tax-free, reasonable and legal return of profits;

Legal compliance of the project: provide all legal documents required by Reg compliance for the project party, apply for CID code and submit it for the record;

Token issuance: according to the previous plan, negotiate the time period of token issuance;

Qualified investors/institutions docking: China, the United States, Japan and other overseas qualified investors and investment institutions docking.

There are two kinds of overseas issuance of STO: one is Rge. A+ registered under the SEC of the US Securities and Exchange Commission usually has higher requirements for overseas investors and can be used as a long-term preparation; Second, Reg. D and Reg. You can apply to the SEC for exemption. In the United States, which only needs to be filed, the SEC will not take the initiative to review it. These tokens are not only less strict with overseas investors, but also more favorable in terms of financing amount and overseas publicity.

The attitude of the US SEC is clear: digital currency produced by ICO belongs to securities, so the issuance process needs to be regulated according to the securities law. Bitcoin is not produced by ICO, so Bitcoin is not a security and is not within the scope of SEC supervision. However, ETFs in digital currency are regulated by the SEC. At present, the SEC requires all ICOs to register, follow the process of offering securities tokens (s to), and follow the existing securities laws and regulations. If you don't comply with the statutory STO as required by the SEC, the SEC will take strict enforcement actions.

Sto is a security token. How did it appear out of thin air? Looking at the situation of ico this year, the emergence of sto is by no means accidental. Compared with the decentralization of ico, it only needs virtual currency financing, with low threshold and high risk. Sto is issued by Token securities under the supervision of legal compliance and mortgaged by offline tangible assets. The increase of investment threshold has also greatly reduced the risk, so sto securities token issuance has become the object of pursuit.

Some people will inevitably question the arrival of new things. Some people say that STO is just a change of existing securities. If we simply convert the existing securities into vouchers, token does have the problems of insufficient innovation and limited value, and it is just an asset token.

This has to mention the advantages of s to. After the listing of ST, unlike traditional securities, once the transaction is completed on the exchange and the wallet is taken out, ST will complete the delivery, which is faster than the complexity of the traditional securities industry.

In addition, compared with traditional securities, the biggest advantage of st is that ST is programmable, which can bring many functions that traditional securities do not have to listed companies. These new programmable features make traditional securities become smart securities, and STO has the technical advantage of replacing IPO.

In the actual landing process of stO, there is an operation method at this stage, that is, following the process of overseas listing of Internet companies, first registering offshore companies, then holding domestic companies through VIE structure, and then issuing ST by offshore companies, but ultimately not listing on NASDAQ, but trading on licensed ST digital exchanges such as Open Finance, tZero and CSE.

Specifically, STO itself has the following advantages:

1. Better liquidity;

2. Automatic management at the protocol level;

3.24-hour payment transaction;

4. Smaller trading units

In the end, I think the SEC has rejected the BT ETF many times, and every time the SEC's actions can be directly reflected in the BTC price, it is just around the corner for the digital asset market to seek a new financing model.

So what kind of domestic enterprises can issue STO in the United States:

There are actual assets and no profit requirements;

Have a business history and income;

No bad record in the United States;

The company form is not limited; It has a good market potential.