Former ConsenSys Ventures head Kavita Gupta has joined Dusk Network to revive the security token industry.
Dusk Network has been picking up some high-profile partnerships and investors recently as it positions itself as one of the stop security token platforms in Europe. Now, it has just announced it has onboarded a former ConsenSus Ventures head to its board. Kavita Gupta will serve the chairwoman of the company’s board. She is also a professor at Stanford University.
The Amsterdam-based firm is working on its own permissionless blockchain for those companies looking to tokenize their shares. It is also closely working with regulated stock exchanges in the EU to possibly list their tokenized offerings to more traditional investors.
Gupta spoke extremely highly of Dusk calling it the “the closest and they are the most legitimized one in the space [of security tokens] that I know.”
Gupta is betting long-term that security tokens can bridge the gaps currently in capital markets. These impediments can be corrected with a tokenized model.
“A lot of companies in Silicon Valley keep on pushing IPOs because the founders want to keep control. Using pre-IPO liquidity they would still be able to raise money without calling it a Series D or Series E… This middle point should be there.”
Gupta expects STOs to be something of a ‘reality check’ for the rest of the financial world once ti matures as an industry.
The Dusk Network held its STO in late 2018 and only started trading this summer. It is currently trading on Binance.
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Image courtesy of Dusk.network.