Securities tokens are very different from the traditional digital currency market, and the coincidence degree will not exceed 10%, so ordinary investors may not be able to participate in these investment opportunities.

The first is the blockchain platform dedicated to st, that is, the public chain dedicated to securities tokens. These platforms may not issue coins themselves, and may involve traditional company equity, which has little to do with ordinary retail investors. ST's blockchain platform is the infrastructure of the entire ST industry.

Second, a centralized exchange with a license. The value of license plate is very large, and it is very difficult to get the license plate of an exchange in the United States, especially the stock exchange. I don't think it is possible for Bianca and Huobi to get an exchange license. In addition, securities tokens must be listed on a chartered exchange. If an exchange is licensed at an early stage, it may monopolize the market.

In addition, there may be arbitrage in the supervision of decentralized exchanges. Centralized switching requires a license, but centralized switching does not. When some ST can't be listed on the traditional digital currency Stock Exchange, they may choose to concentrate on the exchange. In the short term, I am more optimistic about the decentralized exchange based on Ethereum, and most securities tokens will still be stored on the Ethereum platform.

There is also a blockchain identity project, which is the necessary infrastructure. The premise of securities tokens is real-name registration system registration, one is centralized registration in real-name registration system, and KYC is certified by a specialized centralized institution, which is relatively simple. There is also a decentralized way, including not only technical issues, but also the operation of the team. Any decentralized identity condition must first be approved by the regulatory authorities.

Third, depository service organizations (including wallet suppliers). Tokens are not necessarily stored on the chain. Many people like to store coins in off-chain wallets, which is also the infrastructure. Securities token investors may not be digital currency investors, but they may be large companies, so they will choose third-party custody, including exchanges.

Finally, cross-chain interaction protocol. In the long run, there may be securities tokens in each chain in the future, STO will be stored in different chains, and tokens will be traded in different chains, so cross-chain is also an infrastructure and a relatively long-term thing, which is expected to change within three years.

To register an American foundation to apply for a trading license, the required information is as follows:

The United States is a federal country, and offshore registration needs to be selected according to different States. More people will choose California and Colorado to register American foundations, that is, American societies.

The process of registering the American Foundation is as follows:

1, name: XX FOUNTION；; You can look up the name and suggest not to choose sensitive words.

2. Nature: listed company

3. Registration time: about 1 month in California and 2 weeks in Colorado.

4. Registration information: ID card+passport

5. Annual review: once a year.