Since we all witnessed the burst of the ico bubble in the last couple of months, it's a brilliant idea of the team to migrate to STOs which is gaining momentum right now and has good reputation among investors to put their savings in.
I totally agree with you, STOs are much better and more safe because they are asset-backed and comply with regulatory governance. Most ICOs, on the other hand, position their coins as a utility token that give users access to the native platform or decentralized applications (DApps). The purpose of the coin, they argue, is for usage and not for investment. As a result, ICO platforms circumvent certain legal frameworks and do not have to register or comply with the strict governance of regulatory bodies.