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Signum Digital Says It Won First Approval To Offer Security Tokens in Hong Kong

Signum Digital, a joint venture of digital asset consultancy firm Coinstreet Holdings and Hong Kong-based financial group Somerley Capital Holdings, is the first company to win approval-in-principle in Hong Kong to operate a platform to trade security tokens, according to a Signum press release.

Signum Digital plans to offer professional investors a platform for the security tokens, known as STOs, which are traded on a blockchain and are linked to various asset classes, such as private equities, real estate, art and collectibles.

Upon receiving final approval from Hong Kong’s Securities and Futures Commission (SFC), Signum will operate the STO platform under the brand name “CS-Pro.” The platform will be the first of its kind in Hong Kong, according to Signum.

(By DANNY PARK)

Hong Kong
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