CSpro Launches Groundbreaking Security Token Offering (STO) Platform in Hong Kong

Hong Kong-based CSpro (formerly Signum Digital Limited) announced that it has launched revolutionary services for issuers and professional investors (as defined by Hong Kong law) in Security Token Offerings (STOs). CSpro is licensed by the Securities and Futures Commission to carry out Type 1 (dealing in securities) regulated activities with CE registration number BSH213. As the first primary issuance and distribution platform in Hong Kong specializing exclusively in STOs, CSpro is set to redefine the landscape of regulated structured products linked to real-world assets (RWAs).

With extensive expertise and a deep understanding of digital asset markets, CSpro aims to revolutionize how professional investors gain exposure to security tokens backed by RWAs. The CSpro platform will combine cutting-edge technology with strategic partnerships to bring together security token issuers and professional investors in a seamless, technology-driven experience in line with relevant regulatory requirements.

CSpro's launch event at Cyberport on November 8, 2023, brought together industry leaders, distinguished guests, and key stakeholders at the forefront of the digital asset markets, including Deloitte, Microsoft, FORMS HK, InvestaX, Finet, and Matrixport. Attendees witnessed the launch ceremony of the CSpro platform and gained insight into the opportunities CSpro is bringing to the Fintech environment in Hong Kong and the future of digital asset investment.

"Tokenization of real-world assets has been ranked among the top opportunities in the digital asset space. Big congratulations to CSpro for achieving such a great milestone for launching regulated STO services in Hong Kong," commented King Leung, Head of Financial Services and Fintech at InvestHK.

"We are thrilled to introduce CSpro's STO services to the market," said Samson Lee, Founder & CEO of CSpro. "Our mission is to unlock new frontiers in the digital asset space by bringing together token issuers and professional investors through a technology-driven platform to capture the benefits of security tokens backed by RWAs. By leveraging the Coinstreet Global Alliance program, CSpro can connect with strategic technology and business partners along the STO value chain globally. We believe CSpro is poised to become a leading player in the industry."

Stephen Law, JP, CPPCC National Committee Member, and Vice Chairman at Coinstreet Group, commented, "Hong Kong is an ideal base for digital financial services businesses because of its sound regulatory system, prosperous financial ecosystem, and superior geographical location, backed by China and connected to the world. Hong Kong enjoys a reputation for financial stability, transparency, and investor protection, which enhances the confidence of potential investors in buying and selling security tokens."

"Security tokens are set to provide a valuable additional fundraising channel for small and medium-sized enterprises," added Martin Sabine, Chairman of Somerley Capital Holdings Limited. "STOs distributed by CSpro, backed by real assets and income streams, are, in our view, a medium-risk way of participating in these future opportunities."

"Today we are very excited to witness one of our Cyberport's community entrepreneurs, Samson Lee, and his team for bringing one of their Web3 ventures to the next level," commented Edmond Lau, Chief Financial Officer at Hong Kong Cyberport.

"CSPro's successful launch of the first primary issuance and distribution platform in Hong Kong specialized exclusively in STOs is a key milestone of HK's virtual asset hub journey in making finance simpler, faster, smarter, and safer. We are excited to support CSPro's STO business by the innovative, reliable, and secure Web 3.0 Financial Platform empowered by Microsoft," said Alex Chan, CEO of FORMS HK.

Kaman Heung, Director-Private Wealth at Matrixport, parent company of Cactus Custody, commented, "The safe custody of tokenized assets plays a very important role in the digital assets industry. Cactus Custody is a licensed TCSP in Hong Kong, and we are excited about the partnership with CSpro to safeguard their investors' assets through our professional security infrastructure and insurance coverage."

Kitty Lo, Chairman of Finet and President of FINMETA, said, "STO has become an eye-catching emerging investment track in Hong Kong. We are very pleased to partner with CSpro on market cultivation and investor education."

Sean Brehm, Chairman of Node Nexus Network, commented, "Hong Kong has been at the forefront of innovation in defining a regulatory framework for a new kind of asset class, paving the way in providing sound oversight, legitimacy, and transparency. Security tokens will seem normal and ordinary in the next 20 years because of the extraordinary efforts and vision of the leaders here in Hong Kong today."

Dato' Kin Hui, Executive Chairman of Singpoli Investment Bank, noted, "CSpro is a forward-thinking leader in the digital asset market and an organization that shares our dedication to regulatory compliance. Together, we aim to drive innovation and unlock new avenues of investment into modern society."

The CSpro platform offers a wide range of benefits, including:

1. One-stop: CSpro offers one-stop service for STO issuers, including project management, managing the tokenization process, listing & distribution, token life-cycle management, investor relations, and coordination services with legal & compliance, other 3rd party professional firms, and secondary trading exchanges.

2. Access to Real World Assets: Professional investors can diversify their portfolios by gaining exposure to a variety of RWAs, such as stocks, bonds, cash flows, aircraft, real estate, arts and collectibles, and other tangible assets through tokenized structured products.

3. Efficient and Transparent Transactions: The CSpro platform leverages blockchain technology to facilitate efficient and transparent transactions, enabling seamless issuance, trading, and settlement of security tokens.

4. Cost Efficiency: CSpro provides an alternative path for fundraising for businesses and brings liquidity to RWAs at a competitive cost compared to conventional financial markets.

5. Global Strategic Partnerships: Leveraging on the Coinstreet Global Alliance partnership program, which started in 2017, CSpro is forging strategic partnerships with leading industry players globally, thereby unlocking a vast network of opportunities and providing investors with access to a wide range of investment options.

CSpro is said to be accepting applications from potential security token issuers of STOs for providing issuance and distribution services for STOs to professional investors.