UAE emerging as global hotspot for security token sales

Security token sales are picking up in the UAE as a $100m security token sale by Sumner Group targeting Middle East investors could see the country become a global hotspot for these transactions. Despite the lack of formal local regulations in the onshore market governing sales, SGH Global, a Jersey-based company announced in March a $100m security token offering (STO) sale targeting investors in the UAE and wider Middle East.  The proposal has attracted Abu Dhabi investors Blue Rock Capit...