Episode 3: Demystifying Security Token Offerings: The Real Process Behind the Buzz

The Complete Guide to Security Token Offerings (STOs): Costs, Process, and Pitfalls

In this episode of Old Men, New Money, Douglas Borthwick demystifies the intricate process of Security Token Offerings (STOs). He details the entire journey from planning to execution, highlighting key parties involved: issuers, securities lawyers, blockchain developers, transfer agents, broker dealers, and custody providers. The episode breaks down costs, timelines, and common pitfalls that companies face. Borthwick draws from his experience at INX, providing practical insights into legal documentation, smart contract creation, investor relations, and compliance. The episode serves as a comprehensive guide for companies considering STOs, underlining the importance of professional execution.

00:00 Introduction to Security Token Offerings

00:14 Understanding the STO Process

02:02 Key Players in an STO

04:44 Detailed Breakdown of the STO Timeline

13:48 Common Mistakes and How to Avoid Them

15:31 Successful STO Case Study: INX

17:17 Practical Advice for STOs

19:05 Conclusion and Next Steps

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