We have prepared for you the most important news from the Security Tokens area for the past week. China's ban on STOs, first REIT tokenized, art security token and more.

1 Security Token Offerings are Illegal in Beijing Now

Beijing’s Municipal Bureau of Finance chief, Huo Xuewen, has advised projects considering a security token offering as a means of fundraising, stating that security token offering (STO) fundraising is currently illegal in Beijing.

At a wealth management forum on Saturday, he commented on the replacement of ICOs with the new concept of STOs, saying they were still out of bounds. View source

2 Harbor Launched its Security Token Platform and Tokenized the First REIT

Harbor’s highly anticipated securities tokenization platform has officially launched. As an institutional-grade end-to-end service, the new platform was designed to bring institutional investors into the security token industry. With the platform already tokenizing a $20 million REIT, it appears to be well on its way in living up to such expectations. View source

3 BANKEX STO Company Will Launch Own Security Token Trading Platform

BANKEX, the leading global fintech company, has launched its very own BANKEX Token Exchange. This new platform enables not only the trade of basic pairs of utility tokens, but also the trade of complex security tokens connected to real-world assets. BANKEX Token Exchange will serve as a secondary market for security tokens and will support ERC-1400 and ST-20 token standards as well as ERC-888 security tokens from BANKEX that incorporate KYC verification methods. View source

4 The Art Token STO Was Added to Swarm Fund Platform

The Swarm platform has announced that it will add The Art Token (TAT) to its platform, yet another development in its quest to make high-yield, alternative investments more accessible to a wide range of investors. So far, TAT funding has reached over $5.5 million.

The Art Token (TAT) tokenizes artwork, allowing multiple investors to hold a specific share of value in the object. View source

Open The Art Token STO

5 Founder of Overstock.com to Dive Into Security Tokens

As of November 23rd 2018, Overstock.com Founder Patrick Byrne is reportedly planning to sell Overstock and direct his full attention to the blockchain industry. Byrne’s most anticipated project in the blockchain space is the developing security token exchange tZero. The platform raised $134 million during its initial offering and aims to operate under SEC approval within months. View source