Submitted bill to issue tokenized stock in Wyoming

Wyoming legislators in the United States have proposed legislation to allow companies to issue tokenized shares. If the legislation initiated by eight members of the Legislature is passed, it will take effect on July 1. The bill is intended to be the basis for storing tokens representing stocks in a block chain.

Wyoming is one of the most active in cigarette deregulation. On January 12 (local time), the House Committee passed two bills on ciphers and block chains. The first is to define a specific block chain token as a new intangible asset, which has a certain consumption value, as a new asset class, which aims to eliminate the need to be treated as an exception in the US Securities Act. Second, we aim to establish a regulated sandbox for the development of the block chain technology.

Industry interest in security tokens is also growing. A security token is a block of traditional assets such as stocks, exchange rates, and gold. 24-hour trading and global trading are possible. The uncertainty of regulation is also small because existing laws regulating financial products are applied. For more information, please click here .