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 Capital and Blue Stone Capital that have signed intentions of $10m each, the company said. "Investors ...