New Open Source Release: micobo’s Security Token Standard

micobo is building the infrastructure for the future of finance, improving capital markets capabilities with innovative technology: We believe in the disruptive power of blockchain, and particularly of Ethereum. That is why we want to keep supporting the adoption of this technology for capital markets.

To contribute to a strong foundation for these new ecosystems that enhance the financial industry, we are open-sourcing our Ethereum Security Token standard.

For us, it is clear that collaborative development through the open-source process can accelerate innovation. With this contribution, we aim to ensure a compliant and secure way of tokenizing financial instruments, encouraging all actors to heighten the benefits brought up with it.

The micobo Security Token is an ERC20- and ERC1400-compatible, constrainable Ethereum token, compliant with German/European financial securities regulations and developed by micobo GmbH.

NVISO has thoroughly audited the smart contracts coded into the Security Token. These smart contracts are the backbone of micobo tokenization solutions and have been used to tokenize about 250 million euros worth of shares and assets.

We created a Security Token that automatically enforces specific conditions related to legal and…