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 version of traditional securit