In this chapter, we learned how to build our ERC1404 security token from a smart contract to Dapp. Now, we should have a very basic understanding of a security token smart contract. In the real world, a security token will be far more complex than in this example. Many security tokens run on a complex ecosystem and need to comply with the Securities and Exchange Commission's (SEC's) regulations regarding securities trading. The smart contract needs to incorporate a real-world, large number of legal contracts.
In the next chapter, Chapter 7, Stablecoin Smart Contracts, we will talk about a stablecoin smart contract in detail.
