Digital tokens, representing new equity worth nearly $4 million in British blockchain firm 20-30, has been issued on the Turquoise platform – the initiative by the London Stock Exchange Group (LSEG) to enable blockchain-based stock trading.

The move is reported by Coindesk, a site that has also previously written about the collaboration involving not only LSEG and 20-30, but also the British Financial Conduct Authority’s (FCA), as well as Nivaura – an expert in distributed ledger technology (DLT).

Out of the sandbox

20-30 (or “20|30”, in the company’s own spelling) was in the fourth cohort of companies in the FCA’s so called regulatory sandbox.

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Last year, the four participants in this collaboration were said to be working towards “demonstrating for the first time that equity in a UK company can be tokenized and issued within a fully compliant custody, clearing and settlement system”. Coindesk views today’s news as a sign that the first stage of the plan has succeeded.