Too Long; Didn't Read
The current phase of security token platforms has been mostly focused on enabling the tokenization of assets. More specifically, this first iteration of security token solutions is centered in two main areas: the generation of smart contracts that correlate to an underlying set of documents and enforcing compliance in the form of know-your-customer(KYC) and anti-money-laundering(AML) regulations. A simple way to look at those protocols is as a way to create a smart contract representation of a share, whether that share represents a unit of a real estate lease or common stock in a company, the ultimate process is relatively consistent.