The Theory of Marginal Improvements and Security Tokens

Too Long; Didn't Read

A few weeks ago, I spent some time with several extremely bright Wall Street executives discussing the universe of blockchain and security tokens. These group of talented individuals have done a very thorough research and experimentation with digital securities and have developed, let’s say, a pragmatic skepticism about the space in the short term. While they believe in the promise of tokenization as a mechanism for programmatic transfer of ownership, they can’t yet see a clear solutions to many of the financial, technological and regulatory challenges facing digital securities in the short term. From their perspective, the current generation of digital securities don’t offer clear advantages over traditional securities. Before the security token purists get outraged by that statement, please keep in mind that we are talking about a short term perspective from super bright, analytical people who make a living structuring highly sophisticated securities products typically valued in the billions.