September 18, 2020 @ 6:09 am By JD Alois  |  

This past week Kraken, a leading US-based digital asset exchange, was approved by the state of Wyoming for a bank charter. The first of its kind in the state, the Special Purpose Depository Institution (SPDI) means that Kraken Financial will operate pretty much just like… Read More

September 17, 2020 @ 9:32 pm By JD Alois  |  

Hg Exchange (HGX), Southeast Asia’s first private securities exchange, has kicked off trading. Founding members of the exchange include PhillipCapital, Prime Partners, and Fundnel – a leading securities crowdfunding platform serving sophisticated investors across Asia. Richard Teng, formerly an executive at the Monetary Authority of… Read More

September 17, 2020 @ 12:46 pm By JD Alois  |  

Going Public Using Reg A+ Reg A+ is a JOBS Act exemption that launched with great hope but in some respects, soon fizzled.  The Securities and Exchange Commission (SEC) followed the guidance of Congress and took a moribund securities exemption, that no one used anywhere,… Read More

September 17, 2020 @ 11:04 am By JD Alois  |  

The Gibraltar Financial Services Commission (GFSC) reports that it is updating its regulatory approach pertaining to Distributed Ledger Technology Providers (DLT). Gibraltar describes the update as a “natural evolution of the defined regulatory principles.” Gibraltar was quick to embrace digital assets – both securities and cryptocurrencies…. Read More

September 17, 2020 @ 9:15 am By JD Alois  |  

Newly minted SME focused bank, Allica Bank, has closed on a £26 million funding round led by Warwick Capital Partners – the majority shareholder in the firm. This announcement included the news that Allica intends on raising a further £100 million to pursue its vision… Read More

September 17, 2020 @ 8:34 am By JD Alois  |  

Following final approval from the Financial Conduct Authority (FCA) Cornerstone has completed the acquisition of FXPress Payment Services – a regulated Authorised Payment Institution providing cross-border payment services. Cornerstone will now operate as Cornerstone FS plc. Additionally, Cornerstone says it has received the consent of… Read More

September 16, 2020 @ 10:15 pm By JD Alois  |  

The state of Wyoming has approved its first Special Purpose Depository Institution (SPDI) by approving Kraken Financial – part of the well known digital asset exchange. Tentatively called Kraken Financial and based in Cheyenne, Wyoming, the new bank claims the title as the “first digital… Read More

September 16, 2020 @ 9:58 pm By JD Alois  |  

Securrency, a digital asset infrastructure company, has partnered with the Chamber of Digital Commerce to schedule a very interesting virtual event. The webinar entitled ‘Two Sides of the American Coin” will feature several of the top regulators in the US tackling the topic of the… Read More

September 16, 2020 @ 1:24 pm By JD Alois  |  

High-performance blockchain Hedera Hashgraph is reporting that it now is topping 1.5 million transactions a day – surpassing the popular Ethereum blockchain. Hedera notes that this is approximately 18x the number of transactions Ethereum achieved during its first year as a publicly available network. As… Read More

September 16, 2020 @ 12:56 pm By JD Alois  |  

Last week in a release, INX Limited said it had topped its $7.5 million offering hurdle for the initial public offering of its digital security. INX added that it is now accepting payments in Bitcoin (BTC), Ether (ETH) and USD Coin (USDC) as of this… Read More

September 16, 2020 @ 11:17 am By JD Alois  |  

tZERO, a digital asset focused subsidiary of Overstock (NASDAQ:OSTK), has reported on August 2020 trading regsults in digital securities. According to tZERO, the marketplace recorded its strongest month ever in August 2020. tZERO states that it traded over 2.3 million digital securities, a 21x increase… Read More

September 16, 2020 @ 9:30 am By JD Alois  |  

INX, a digital asset marketplace that is in the midst of an SEC-registered digital asset offering, has enlisted GK8 for digital asset custody. As it was recently reported, INX hopes to raise up to $117 million by selling 130 million INX tokens at a per… Read More

September 16, 2020 @ 8:34 am By JD Alois  |  

A new report pertaining to Reg CF (Regulation Crowdfunding) says the Jumpstart Our Businesses Startup Act (JOBS Act) securities exemption is creating economic success for small business owners in need of growth capital. The report outlines Reg CF utilization by Congressional District – highlighting the… Read More

September 15, 2020 @ 11:24 pm By JD Alois  |  

CRX Markets has joined the Association of German Credit Platforms (VdK) a first for a Fintech in the working capital sector. VdK is a new association for the online lending industry with many new members since the beginning of the year. CRX Markets is now… Read More

September 15, 2020 @ 5:32 pm By JD Alois  |  

Earlier today, the Securities and Exchange Commission (SEC) announced a settlement with Unikrn, a digital asset issuer that was deemed to have transgressed securities law in the offering of an unregistered security via an initial coin offering (ICO). Unikrn agreed to pay a $6.1 million… Read More

September 15, 2020 @ 5:15 pm By JD Alois  |  

Digital asset transfer agent Vertalo is partnering with REI Capital Growth (REICG) a new commercial real estate fund. Vertalo and REICG plan to launch two real estate investment opportunities including, according to the company: An equity business model that allows non-US investors to participate directly… Read More

September 15, 2020 @ 4:51 pm By JD Alois  |  

Varada, an Israel based data virtualization platform, has raised a $12 million Series A round of funding led by MizMaa Ventures with participation by Gefen Capital. The round also included participation from existing investors Lightspeed, StageOne Ventures and F2 Venture Capital who contributed in early… Read More

September 15, 2020 @ 2:56 pm By JD Alois  |  

Unikrn, a token issuer that attempted to remain compliant while issuing digital assets, has settled with the Securities and Exchange Commission (SEC) regarding allegations of an unregistered initial coin offering (ICO) of digital securities. Unikrn is an eSports and gaming platform launched in 2014. According… Read More

September 15, 2020 @ 10:49 am By JD Alois  |  

Draft regulation crafted by the European Commission that pertains to crypto-assets (digital assets) and blockchain tech in financial services has surfaced on the web. Final legislation has been anticipated at some point this month as European policymakers seek to foster an “innovation-friendly” approach that assures… Read More

September 15, 2020 @ 9:10 am By JD Alois  |  

Cross border payments Fintech dLocal has raised $200 million in a funding round led by General Atlantic. The capital infusion sets a valuation on the company of $1.2 billion thus creating a Latin American Fintech unicorn and Uruguay’s first. dLocal is a cross-border payment processor… Read More