Veritoken Global announced the start of its SEC-approved ERC-884 security token offering (STO) to further the company’s mission to bring data control, privacy, and protection to U.S. investors. Veritoken is facilitating adoption of non-fungible tokens (NFT) to the blockchain by establishing new industry standards, as outlined in their recently published Veritoken Global Bill of Rights. The company’s mission and its patent-pending NFT solution represent a path to ownership of individual data on the blockchain, enabling humans to determine what data is private, public, and the terms under which it may be used. The Veritoken STO offering begins April 3, 2019.
“When it comes to personal data, it’s time to take our power back. The foxes have been watching the hen house for far too long. It could even be too charitable to say that anyone’s been watching. We can argue whether these big tech companies are wrong, or maybe the model is wrong, but it’s clear we need to be creating new paths for individual data ownership,” said Anne Ahola Ward, CEO, Veritoken Global. “At Veritoken Global, we’re building tools to facilitate the growth of the NFT ecosystem, thereby enacting the promise of what blockchain was meant to become.”
Veritoken Global is focused on authenticating data and assets, providing full verification to return power to individuals and businesses by protecting their personal data during transactions–ensuring security and safety of assets. The company is also building a common language for NFTs to improve the understanding and the utilization of NFTs between businesses. Veritoken Global’s ERC-884 STO is designed from the ground up to be compliant with corporate and securities law, making it a specific type of STO: an equity bearing security token offering.
“Imagine a future where consumers can monetize their personal data, private financial data, and even health records. That future is now,” said Mark Hopkins, CTO, Veritoken Global. “Securing personal data on the blockchain with non-fungible tokens represent a new paradigm for data security, privacy and control; a new way for businesses to ensure higher levels of data protection; and for consumers to share and even monetize their data to the degree they choose.”
According to Monica Puchner, CEO of Hilo.io,“Veritoken Global has all the ingredients for success with a world-class leadership team, deep understanding of the industry from both user and business perspectives, and the ability to provide a trustworthy ecosystem while mitigating risk. I believe the company is poised to be one of the breakout STOs of 2019.”