Millbrook Group Builds Security Token Framework

A consortium of leading blockchain projects announced the establishment of a common framework for the interoperability of security tokens.

The agreement was formed at the Blockchain South Leadership Summit 2018 at the Millbrook Resort in Queenstown, New Zealand.

Companies working on the framework include SharesPost, Techemy, tZERO, Gibraltar Stock Exchange (GSX) Group, Global Advisors, ERCDEX, NEM, HyperLink Capital, Alchemist Ventures, Bankorus, Blockchain Labs, and AnyPay.

What will be known as the Milbrook Group is governed by the Blockchain Token Association, and will work to promote security token initiatives and the development of new crypto-based asset classes.

To facilitate the adoption of tokens as part of investment tools, the Verified Token Framework was built, putting together code guidelines, interoperability tools and bringing in the community interested in security token investments.