Security Token Offerings and Tokenized Assets and Literally Taking Over the World
This Firm Just Turned a Company's Stock Into Cryptocurrency Reprinted by: Scott Shields Katy, Texas and Morgan Shields Consulting, LLC Morgan Creek Blockchain Capital is fully tokenizing Anexio, an IT company in Raleigh. Jack Taylor—Getty Images By LUCINDA SHEN May 18, 2018 As regulators crack down on initial coin offerings, venture firm Morgan Creek Blockchain Capital is going forward with its own offering. But it’s of a different kind. The asset manager announced that it had turned the paper shares of Raleigh, N.C.-based cloud storage firm Anexio security tokens. Anexio is hoping to raise $40 million by offering those Ethereum-based tokens, representing equity, to accredited investors. T okenization, its supporters say, removes the middleman advisor or banker from a transaction, allowing a company to sell shares more cheaply, with less regulatory paperwork, and more quickly. In the longer-ter...