Home Alternative guide Coinstreet and Somerley Collaborate to Form New Company to Provide Professional Services in Security Token Offerings (“STO”) in Hong Kong

Coinstreet and Somerley Collaborate to Form New Company to Provide Professional Services in Security Token Offerings (“STO”) in Hong Kong


HONG KONG, 20 December 2021 / PRNewswire / – Coinstreet Holdings Limited, one of the world’s leading professional advisory groups and solutions provider in the digital asset industry since 2017 (“Coinstreet”), and a subsidiary of Somerley Capital Holdings Limited (stock code: HK .8439), a leading financial group headquartered in Hong Kong with an established history and proven track record in corporate finance consulting at Greater China (“Somerley”), have entered into a joint venture agreement to provide professional management consultancy and advisory services for security token offerings (“STO”), and to meet the growing need for tokenization of assets and fundraising through the issuance of digitized titles from Hong Kong companies (“JV”). The joint venture will seek all approvals and licenses required under the regulatory framework and guidelines of the Securities and Futures Commission (“SFC”). Subject to the satisfaction of the relevant regulatory requirements, it is envisaged that the joint venture will develop “CoinstreetPRO Hong Kong”, an online initial subscription platform and brokerage services in the primary market for tokenized assets and digital securities (“TADS ») Serving institutional and professional investors. It is expected that the joint venture will work with other licensed virtual asset trading platforms and STO exchanges for secondary trading activities.

Coinstreet and Somerley Collaborate to Form New Company to Provide Professional Services in Security Token Offerings (“STO”) in Hong Kong (PRNewsfoto / Coinstreet Partners)

Virtual assets, including STOs, are emerging as an innovative way to facilitate the mobilization of capital and investment in companies and projects. STOs typically refer to specific offerings that are structured to exhibit the characteristics of traditional securities offerings and that involve security tokens using blockchain technology. A complete STO offer implemented within the Hong Kong the regulatory environment would offer issuers an alternative route for fundraising and professional investors an investment opportunity alongside more traditional fundraising channels. By combining the highly innovative fintech solutions and technical expertise of Coinstreet in OCTs in overseas markets, as well as Somerley’s vast experience and governance best practices in the conventional corporate finance and advisory industry, this partnership strategy provides adequate resources and know-how to fuel the development of the joint venture. STO company.

Samson lee, Founder and CEO of Coinstreet said: “Through asset tokenization, institutional and professional investors can access a wide range of alternative investment opportunities, while also enabling businesses, private equity firms, asset managers and companies to benefit from a new form of structured investment. finance. We are excited about our partnership with Somerley and believe this collaboration can foster the convergence between traditional finance and digital assets and tap many opportunities ahead. “

Martin sabine, commented the president of Somerley: “Hong Kong, as an international financial center and gateway to mainland China, has considerable potential to develop its blockchain-based Fintech offerings. With a favorable regulatory environment in Hong Kong, Coinstreet’s expertise and our business operations established in Greater China, this collaboration is an opportunity to bring together traditional finance and digital asset innovation to seize the potential of the virtual asset space. “

According to a survey by the World Economic Forum, 10% of global GDP will be symbolized by 2027 – with an estimated market capitalization of $ 24 trillion. Wider adoption of digital assets by financial institutions and large corporations is expected, thus generating momentum for further growth in the financial sector.

About Coinstreet

Founded in 2017, Coinstreet is a global market leader in the STO space and an award-winning professional consultancy in the FinTech and digital assets industries. Coinstreet is focused on developing five key business segments: (1) asset tokenization and digital securities advisory, (2) digital asset management and private banking, (3) distribution coordination global digital assets, (4) TADS issuance, trading and management platform, and (5) decentralized finance (Defi), non-fungible token (NFT) and distributed ledger technology (DLT) solutions ).

Coinstreet is co-organizer of the TADS Awards (www.TADSawards.org) – the world’s leading international award for tokenized assets and digital securities, and is co-organizer of the Global Online Investor Roadshow (www.GOIR.info) – the next-generation, institutional-scale online private placement platform for global private equities, alternative investments and digital asset opportunities, serving private clients and financial institutions.

For more information on Coinstreet, visit https://coinstreet.partners/

About Somerley

Somerley is an integrated financial services provider licensed to conduct regulated activities of Type 1 (securities trading), Type 4 (securities advice), Type 6 (corporate finance advice), Type 9 (management assets) under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and, through its subsidiaries, is primarily engaged in the provision of corporate finance advisory services in Hong Kong and Beijing.

For more information on Somerley, visit https://www.somerleycapital.com/en/

Media contact:
Camille Yau
+ 852-31881331
[email protected]

SOURCE Coinstreet partners