Ad Tech Startup tribeOS Announces Federally Approved Security Token Offering in Bermuda
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Successful Offering is Another Key Step Towards the Legitimization of Digital Currencies in World Markets
Hamilton, Bermuda — tribeOS, a digital advertising marketplace that uses distributed ledger technology to provide a new level of transparency with online ad fraud, has launched FIRE, a Security Token Offering approved by the Bermuda Minister of Finance under new digital asset laws.
Bermuda continues to elevate its leadership position in digital currency adoption with the approval of the tribeOS Security Token Offering (STO). This marks the second token (or ICO) to be approved under new cryptocurrency regulations developed earlier this year, and the first Security Token approved under the ICO Act.
CEO Matt Gallant added, “Bermuda’s approval of the FIRE Security Token Offering is yet another signal of our rapid trajectory of innovating new solutions for investors, advertisers, and publishers. And we’re just getting started.”
As one of the world’s most respected and reputed centres of international finance and asset regulation, Bermuda provides the highest level of transparency, compliance, cooperation and exchange of information. The economic and industrial climate in Bermuda offers a pragmatic and forward-thinking regulatory approach, making it one of the most desirable offshore financial centres in the world, attracting major interest from FinTech, banking, insurance, and corporate services companies.