In the first week of October, we reported on the partnership between DSTOQ and æternity, a startup that offers unique tools to track real-world assets. We discovered that DSTOQ is providing a licensed security token exchange platform and is helping companies tokenize their assets. Cryptovest was interested to know more about this potentially major player in the security token industry, and Craig Mc Gregor didn’t hesitate to respond to all of our questions.
Mc Gregor co-founded DSTOQ together with Christian Nagel and Christian Peters. Previously, he was an investment manager at Oasis Group Holdings - a South African financial services company, and equity research analyst at Bloomberg.
In the Q&A below, you’ll discover why Mc Gregor and his team picked Vanuatu as the headquarters for the company, what are the benefits of security token offerings (STOs) over initial public offerings (IPOs), and how DSTOQ plans to handle the competition. Take your time and read our interview:
CV: Hi Craig! Do you think security tokens are the next trend in the financial markets?
CRAIG: I believe that security tokens are the natural evolution of not only financial markets but also the cryptocurrency market. Security tokens are an extension of an existing asset class that offers a variety of features and holds intrinsic value, whereas utility tokens can only be used within the ecosystem of the specific project it is associated with. Both types of tokens have their use cases, but it is becoming increasingly clear that demand is increasing for security tokens as a new financial instrument.
Security tokens are also strongly regulated, and we believe that operating within a sensible legal framework will help increase the mass-adoption of cryptocurrencies and blockchain technology for real-world usage.
CV: There is mentioned a stock exchange license from Vanuatu (for DSTOQ) - does it somehow specify the involvement of tokenized assets?
CRAIG: Yes, it is unique in that regard. We obtained a stock exchange license to allow and enable us to do three main things: accept cryptocurrencies for our exchange, tokenize securities, and conduct IPOs directly on-chain. The latter is effectively an STO.
CV: Why did you pick Vanuatu over let's say, Malta; is its legislation blockchain-friendly?
CRAIG: Vanuatu is very blockchain and innovation-friendly and sees the potential of this...
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