TribeOS Becomes Bermuda’s First Approved Digital Security

TribeOS is a blockchain-based digital advertising marketplace designed to enable secure online campaigns for advertisers and publishers.

Their digital security – FIRE – is an equity token where investors receive a share of revenue generated by tribeOS. FIRE allows token holders to receive certain dividends from both funds spent on the platform as well as the overall success of tribeOS.

The Digital Security Offering— sometimes referred to as a Security Token Offering (STO) – is described by Matt Gallant, tribeOS co-founder and CEO (on the photo above) as something that “creates a framework for startups to tokenize and gain traction in the new digital asset economy”.

FIRE is the first ever digital security to see regulatory approval under Bermuda’s relatively new regulatory act, which was passed into law in 2018.

Recent news on Bermuda suggests the island is planning to attract many digital asset ventures. In April of 2018 for example, Bermuda signed a Memorandum of Understanding with Binance with the intention of establishing a regulatory friendly jurisdiction for digital asset issuance.