Eli Jawad Ansari Quoted on STOs in Forbes: Inside The Blockchain Trends You Need To Know Now
Eli Jawad Ansari, Head of Blockchain Investment Banking at Boustead Securities, participated in a panel on the future of ICOs and a panel of ICO Investments at CryptoBlockCon in New York City from August 14-15, 2017.
From the Forbes article, Inside The Blockchain Trends You Need To Know Now: "For Eli Jawad Ansari, Head of Blockchain Investment Banking at Boustead Securities, the convening of attendees from both academic and private sectors made this conference a bit more robust than the usual.
"Discussion around the security tokens was big here," he observes, "both the projected $10 trillion size of the securities token market and the inherent problems associated with the utility tokens due to the underlying enforcement actions and the fact that they do not allow any sort of ownership or profit participation."
Ansari spoke on both the ICO Investments and the Future of ICOs panels at the conference. "Being in the securities tokens investment banking industry and working on launching BRX Exchange, the new Securities Token Exchange," says Ansari, "I was surprised about how widespread the consensus was at this conference toward the market shifting to the Securities Tokens as the predominant form of token issuance, and the future of capital formation in the blockchain space."
He concludes, "But even so, the biggest challenge will surely be getting all the needed regulatory licenses and technology applications to work across the board in a regulated securities token marketplace as we all further develop this industry.""
Read the full article on Forbes.