Stobox has always been an innovator in the RWA space, constantly pushing the boundaries of what is possible while keeping a keen eye on regulatory and market developments.
Since 2018, we have focused on areas that many in the crypto space overlooked at the time. When others were preoccupied with utility tokens, we pioneered tokenized assets, believing that real-world assets (RWA) would play a key role in the future of blockchain technology.
Our commitment to compliance led us to integrate KYC (Know Your Customer) protocols early on, long before they became a standard requirement in crypto operations.
In 2022–2023, we introduced Stobox V3 products, including the SBID Blockchain Identity Solution and the STV2 Token Protocol for Security Tokens. With these advancements, we have built a comprehensive environment for issuing, managing, and trading compliant digital assets.
By foreseeing the increasing importance of compliance and controlled transfers, we have positioned ourselves to navigate emerging regulations like the Travel Rule. This proactive approach ensures that Stobox and our digital assets continue to stay ahead, operating in alignment with the highest standards in the industry.
However, the crypto world is changing rapidly, and we must adapt to remain compliant, secure, and user-friendly. Traditional crypto tokens are starting to face severe regulatory challenges, especially in key markets like the EU and the US.
We predict that soon, issuers will be required to either comply with these new regulations or risk being pushed out of the growing Financial Internet built on blockchain technology.
As a company dedicated to compliance and forward-thinking, we recognize that the current architecture of our STBU V2 token presents certain limitations that need to be addressed to ensure its long-term success.
Our goal is to create a more flexible, compliant, and future-proof STBU token that meets both current market demands and upcoming regulations.
We have identified several key challenges that must be addressed to realize this vision. These include outdated smart contracts, fragmented liquidity, the absence of a secure decentralized bridge, regulatory risks, limited support for new blockchains, reliance on centralized exchanges for cross-chain transfers, and a lack of tokens reserved for marketing and community programs, as nearly all tokens are currently in circulation, leaving Stobox with an insufficient supply for listings and Stobox 4 marketing efforts.
In response, we have decided to increase the total supply of the existing STBU V2, optimize cross-chain operations, and introduce the STV3 Protocol — a comprehensive upgrade designed to address the above-mentioned challenges and create a more robust, interconnected Stobox Token.
Current Challenges and Issues
- Deprecated Smart Contracts. The STBU token was created back in 2020, and its smart contract lacks some of the more advanced features available today. For instance, it does not support the easy minting (creation) or burning (destruction) of tokens across different blockchain networks, which limits its ability to adapt to the evolving crypto landscape. However, these are not the only factors that make this contract outdated.
- Limited Liquidity. Right now, STBU V2 tokens exist separately on Ethereum, Polygon, and BNB Chain. Each has its own supply and circulation, which splits up the liquidity. This makes it harder to trade the tokens smoothly across multiple chains.
- No Decentralized Bridge. Transferring STBU tokens between different blockchains requires a secure, decentralized bridge. Unfortunately, our current infrastructure does not support this in the way we envision. Existing solutions are either not secure enough or fail to meet our specific requirements.
- Regulatory Risks. We see potential risks in keeping a digital asset that might not comply with future regulations (VASP, MiCA, etc). Especially in places like the EU and the US, rules for digital assets are getting stricter. As a company committed to compliance, we must ensure that STBU aligns with these new standards.
- Limited Support for New Blockchains. Our current system doesn’t allow us to add new blockchains without increasing the total supply of tokens. This limits our ability to adapt to changes in the blockchain world.
- Cross-Chain Transfers Only Through Centralized Exchanges. Right now, users can only transfer STBU V2 tokens between blockchains through third-party CEX exchanges. This is not a viable solution for the long term or even the short term, as the future is shifting toward decentralized options. Additionally, many crypto users worldwide frequently encounter difficulties accessing CEX from their jurisdictions without a VPN. To address these challenges, we develop a user-friendly decentralized solution.
- No Tokens for Future Growth. The majority of STBU V2 tokens are already in circulation, leaving virtually no room for marketing, promotions, Stobox 4 referrals, or new exchange listings. This limits our ability to grow and effectively support our community. Therefore, increasing the token supply in the short term is necessary to launch marketing and promotional campaigns for Stobox 4 and achieve our CEX listing objectives.
The Future. Our Plan with STBU STV3
To tackle these issues, we are introducing the new STV3 Protocol, designed for any compliant digital asset, whether it be utility or security.
This upgrade will create a more flexible and robust system for the Stobox Token, ensuring its resilience in the future. This protocol, or set of smart contracts, enables the issuance and management of compliant digital assets, including digital tokens and tokenized RWAs.
- New STV3 Smart Contracts. We are currently developing an STV3 proprietary protocol, specifically designed for compliant digital assets. This updated system will incorporate minting and burning functions, facilitating smoother transfers across different blockchains.
- Seamless Migration. The transition to the new protocol will be effortless for users, as no action will be required on their part. The upgrade will occur automatically within Stobox 4, ensuring a smooth switch to the new system without any hassle. More details will be provided in due time.
- Decentralized Cross-Chain Bridge. We’re introducing a decentralized cross-chain bridge that will allow users to move STBU STV3 tokens between different blockchains safely and securely. This will make trading more flexible and will balance liquidity across chains.
- Support for New Blockchains Without Increasing Total Supply. The new STBU STV3 smart contracts will allow us to connect to any future blockchain without increasing the total number of tokens. This means we can adapt to new changes in the blockchain world quickly and efficiently.
- Better Liquidity. By creating an inter-compatible structure for Stobox Token across different blockchains, we can improve liquidity, making it easier and faster for users to trade tokens.
- Compliant with Future Regulations. The STV3 Protocol is built to meet current and future regulations. This upgrade will help us stay compliant in key regions like the EU and the US, ensuring that STBU STV3 remains a safe and secure compliant asset.
- Tokens for Marketing and Community. With the new Stobox Token allocation, we’ll set aside a portion of tokens specifically for marketing, promotions, and new exchange listings. This will help us support the Stobox 4, engage with the community, and grow the Stobox Token’s presence in the market.
To support future growth and market presence, we have also allocated tokens for Tier-1 exchange listings. However, it’s important to note that much larger trading volumes are required to secure such listings. We are working on expanding our trading activities to meet these volume requirements.
We understand the importance of keeping our community informed and will provide regular updates by setting up the Dune decentralized analytics tool. The current Dune Dashboard will be revised to align with the new requirements.
Building the RWA Future Together
Stobox’s journey has always been about anticipating changes and preparing for the future.
This upgrade to the STV3 Protocol reflects our commitment to building a more flexible, compliant, and community-driven STBU token. By addressing current limitations and setting a path for future growth, we aim to create a stronger, interconnected ecosystem for digital assets.
We recognize that changes can raise concerns, and we are here to listen, clarify, and ensure a smooth transition. Your feedback has been crucial in shaping our vision for the future.
Together, we will keep developing innovative digital asset products that are ready to meet the challenges and seize the opportunities ahead.
