Russel Drew recently appeared on the BNN’s Business Day AM along with TokenFunder CEO Alan Wunsche to discuss the latest development in FinTech innovation in light of the Ontario Securities Commission’s granting of its first exemptive relief order in connection with a token offering in Canada.
The order allows TokenFunder, a Toronto-based blockchain business, to sell digital tokens to raise funds to create a “smart token asset management platform” (STAMP) to facilitate third-party issuers raising capital through the offering of blockchain-based securities, including tokens and coins. The STAMP will also provide token and coin management and governance services for issuers, and is intended to facilitate token and coin transfers. DLA Piper (Canada) LLP acted for TokenFunder.
Russel and Alan commented on the significance of this regulatory development and how it may shape the investment landscape in the realm of digital finance.