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Security token offerings or STOs as they are commonly abbreviated came as the second attempt to unify blockchain and investments.
What You Need To Know To Build A Security Token Exchange
We have already seen that security token exchanges present a lucrative business opportunity as commissions can be earned in every transaction. This means that security token development services would find a new leash of demand, this business does not have to waiver when it comes to legality. While it cannot be said that all countries have accepted security tokens as valid instruments of investment, there are no grey areas with respect to the law.
Source - What You Need To Know To Build A Security Token Exchange