A consortium of some of the most influential blockchain industry leaders have announced the launch of a common framework to facilitate market interoperability of security tokens.
The Millbrook Accord, formed at the Blockchain South Leadership Summit 2018 at the Millbrook Resort in Queenstown, New Zealand, includes SharesPost, Techemy, tZERO, Gibraltar Stock Exchange (GSX) Group, Global Advisors, ERCDEX, NEM, HyperLink Capital, Alchemist Ventures, Bankorus, Blockchain Labs, and AnyPay.
Governed by the Blockchain Token Association (BTA), the Millbrook Accord is a working group focused on the promotion and representation of Security Token initiatives, and the maturation of new digital asset classes.
The accord’s new Verified Token Framework (VTF) will provide leading industry guidelines on security token interoperability, and aims to become the foremost reference document, codebase, and community for the security token ecosystem. The core VTF codebase itself is open-source.