A London Stock Exchange executive says companies are increasingly looking at token sales, and it points to the innovation sweeping the IPO market

Quick TakeThe SEC has rejected a proposal by the NYSE that would allow companies to raise capital through the direct listing processThe hurdles of becoming a public company has prompted exchanges and companies around the world to explore new ways to bring firms to marketWorld Chess, for example, plans to carry out a hybrid IPO, both listing its shares on the London Stock Exchange and selling 40,000 tokens as part of a security token offering