Security Tokens Coming 2018 to Real Estate and Art - Former PayPal COO
THE LEDGER BLOCKCHAIN PayPal Alum: How Blockchain Will Change Investing and Why Real Estate Will Be First Yammer CEO David Sacks. David Paul Morris/Bloomberg—Getty Images By JEFF JOHN ROBERTS RePrinted by Scott Shields Katy, Texas May 19, 2018 There’s a lot of hype about turning property into digital tokens and trading it on a blockchain—but so far no one is actually doing it. That’s going to change this year, says “ PayPal Mafia ” member David Sacks, and the first thing we’ll trade are real estate tokens. Sacks is worth heeding. He’s best known as the first COO of PayPal—where he built a payment giant alongside other mafia members like Elon Musk and Peter Thiel—but is also a serial entrepreneur who recently launched a $350 million venture fund focused on crypto. On Thursday, speaking at Token Summit in New York, Sacks explained why he is bullish on “security tokens,” which are the blockchain’s versio...