AnyPay: A Platform Created To Host Security Token Offerings (STOs)?

The ways in which companies have raised funds have drastically evolved, with the most recent Initial Coin Offerings (ICOs) taking the lead. Unfortunately, many regulators view this to be flawed, as it lacks regulation, is known for increased scams and frauds, and ultimately, has had many investors incurring massive losses. It went out of hand to the point where the Securities and Exchange Commission had to create a fake ICO to show how scammers are convincing investors of a non-existent project.

All this being said, many believe that Security Token Offerings (STOs) is the ideal way to raise funds. First and foremost, a security must comply by regulation, which implies limited entry of scammers, some form of security for investors who’ve contributed in projects that simply did not gain momentum, and most importantly, securing one’s investment in a way that does not result in drastic dips.

To help businesses initiate an efficient STO, the AnyPay has been created. The Singapore and Japan-based fintech firm allegedly has experience as an advisor in several ICO projects and has since helped a car and bike sharing entity, Drivezy conduct a STO. According to Coin Schedule, Drivezy successfully raised USD$18 million in a little as three STO rounds.

As for the specs of AnyPay, some of its notable features include essential STO services, Know Your Customer (KYC) and Anti-Money Laundering (AML) schemes and the creation of smart contracts.

Commenting on the success of Drivezy, its CEO, Ashwarya Singh has credited AnyPay for its accelerated growth. In particular, she shared that the team has,

“already been working with AnyPay on [their] security token project […] allowing [them] to add hundreds of vehicles on [their] platform,” adding that they were able to distribute “a healthy return to [their] investors since February.”

The Founder of AnyPay trusts that blockchain technology will play a significant role within the finance sector. It was also noted that moving forward, the team involved will work towards creating:

“A mechanism where we can distribute funds to those in need by lowering the costs and providing liquidity to what has traditionally been illiquid.”

With the success of AnyPay and others using its platforms, the STO could be an interesting direction to take in terms of welcoming the general public into the crypto sphere.

With the limited risk tied to STOs, not only might investors be comfortable with the investment option, but it can possibly smoothen out transitioning into blockchain systems because of its similarities to that of accepted, traditional systems.

Do you think STOs will replace that of ICOs in the near future? Comment below.

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