Yesterday a tweet from Paolo Ardoino , CTO of Bitfinex and Tether, began to suggest that the company is ready to launch an STO platform, or Security Token Offering.
Just saying… I'm eyeing Etna volcano in Sicily.
Wondering if someone could raise capital via a STO to bootstrap #bitcoin mining operations.
Damn… only if there was a fully fledged STO platform coming up later this year…
— Paolo Ardoino (@paoloardoino) June 10, 2021
“I am looking at the Etna volcano in Sicily. I am wondering if anyone can raise capital via an STO to initiate #bitcoin mining operations. Damn… only if there was a full-fledged STO platform coming by the end of the year… ”.
Obviously in the tweet Ardoino refers to the news regarding El Salvador, which recently revealed that he will use the energy produced by volcanoes to mine bitcoin in an ecological way.
Bitfinex, the STO platform by 2021
In fact, Bitfinex ‘s entry into the field of security tokens has been rumored for some time , after also launching the platform for IEOs in 2019 , so Ardoino’s allusions are not too surprising.
What is surprising, however, is that the CTO of Bitfinex suggests the launch of the platform by the end of 2021 , therefore in practice within six months.
In 2020, iFinex also announced that it had invested over $ 1 million in the Dusk Network project to create a security token exchange, further proof of the company’s interest in projects of this type.