Security Token Alliance Onboards IBC, ABOTMI, and Adbits

The Security Token Alliance has added three new members to its growing network of security token industry leaders. IBC, ABOTMI, and Adbits were recently added to the alliance.

The Security Token Alliance has onboarded three new members to its growing alliance of industry leaders. The organization, founded in May of this year by young entrepreneur Frederik Bussler, has been expanding ever since. The new inductees indicate that the demand for security tokens is growing.

A little about the inductees:

• IBC is a blockchain consulting agency which works with promising start-ups and helps established companies market and fundraise.
• ABOTMI is a professional network for investors. It also is a place for issuers to educate investors about their offerings.
• Adbits is an IT Solutions company which specializes in cryptocurrencies, the IT industries, and tech in general.

Each of these members will bring a unique perspective to the alliance. For example, IBC will bring expertise to those planning an STO; ABOTMI will provide the alliance with an expanded pool of investors and advisors; and Adbits will expand the geographical reach of the security token industry.

All three were thrilled to be invited. As Mario Nawfal, CEO of the ICB Group, told reporters:

“Frederik and his STA initiative is another important brick in the nascent STO industry, and will play a key role in the development of the space. IBC’s heavy involvement in STOs since early 2018 means it will bring and gain tremendous value by joining STA.”

The Security Token Alliance has been steadily expanding since launching, picking up some new members earlier this summer.

Do you agree that the security token industry needs networks so like-minded projects can meet? Let us know your thoughts below in the comments.