June 16, 2023 @ 10:51 am By JD Alois  |  

Italian bank Intesa Sanpaolo has launched a new digital bank Isybank. “With the launch of Isybank, the digital transformation of Intesa Sanpaolo continues, which sees this project as one of the pillars of the 2022-2025 Business Plan”, said Carlo Messina, Managing Director and CEO of… Read More

June 15, 2023 @ 6:22 pm By JD Alois  |  

BlackRock subsidiary iShares has filed an S-1 registration statement for a Bitcoin-based exchange-traded fund (ETF). The iShares Bitcoin Trust aims to reflect the performance of the price of Bitcoin, similar to the other ETFs that have attempted to do the same. To quote the registration… Read More

June 15, 2023 @ 12:20 pm By JD Alois  |  

  Brian Dally, co-founder and CEO of Groundfloor, operates a unique online investment platform for real estate investors. By using the Reg A+ exemption, Groundfloor enables smaller investors to gain access to residential properties – a sector of the market that continues to experience robust… Read More

June 15, 2023 @ 10:42 am By JD Alois  |  

Zilch has opened a new technology hub in Krakow, Poland. The company said the location is a new European Centre for Excellence which will serve as a facility \ to accelerate the development and implementation of new features and technologies. This is Zilch’s third location… Read More

June 15, 2023 @ 10:07 am By JD Alois  |  

The world’s richest person and top entrepreneur, Elon Musk, is describing ESG, or the Environment, Social, and Governance movement, as the “Devil.” In a Tweet that included a statement by S&P Global that cigarette firm Philip Morris International topped Tesla in its ESG “score,” Musk… Read More

June 15, 2023 @ 9:20 am By JD Alois  |  

Europe Now Movement, the political party that just won parliamentary elections in Montenegro, is expected to form a fragile government, according to a report in BalkanInsight. The problem is the multitude of parties, with Europe Now squeaking by with just 25.6% of the vote, followed… Read More

June 14, 2023 @ 11:02 pm By JD Alois  |  

Kanastra has raised $13 million in Seed funding, said to be one of the largest seed rounds in Latin America of all time. The funding was led by Valor Capital and Quona Capital. Prominent Fintech VC QED Investors participated as did Actyus, Collaborative, Crestone, Grão, Endeavor,… Read More

June 14, 2023 @ 10:49 pm By JD Alois  |  

Digital securities marketplace ADDX has appointed former Singapore Exchange (SGX) Managing Director Chew Sutat as its new Chairman. According to a note from the company, Sutat has Chaired the listing committee of ADDX since 2019. SGX is a shareholder in ADDX. ADDX Pte Ltd took… Read More

June 14, 2023 @ 4:14 pm By JD Alois  |  

Banq, a platform for the primary issuance of securities controlled by Cambria Capital, a regulated broker-dealer, has filed for bankruptcy, according to many reports. Chapter 11 Dockets distributed the news via Twitter. Crypto software company Banq filed for bankruptcy protection today in Nevada https://t.co/ckmt6V6AMl pic.twitter.com/4EmKzowj24… Read More

June 14, 2023 @ 3:37 pm By JD Alois  |  

The European Securities and Markets Authority (ESMA) has published a time frame for the implementation of Markets in Crypto-Assets Regulation (MiCA). EMSA is the EU securities regulator. The EU recently approved the legislation as it seeks to enable digital asset innovation while incorporating investor protection… Read More

June 14, 2023 @ 3:11 pm By JD Alois  |  

The US Federal Reserve has decided to pause rate hikes as it aims to assess the impact of the past rate hikes that have been some of the fastest in history. The Federal Funds Rate will remain at 5 to 5-1/4%. The Federal Open Market… Read More

June 14, 2023 @ 10:54 am By JD Alois  |  

Archax, a digital securities exchange regulated by the UK Financial Conduct Authority, has listed a securities offering to raise capital for SupraFin. According to the offering page, SupraFin is raising funds at a pre-money valuation of £12 million. SupraFin is hoping to raise a minimum… Read More

June 14, 2023 @ 9:45 am By JD Alois  |  

The Bundesverband Crowdfunding eV (German Crowdfunding Association) has endorsed the draft bill for the Future Financing Act presented by the German Government. Germany, the largest economy in  Europe, has yet to have a single securities crowdfunding platform approved under new EU rules. ECSPR, or European… Read More

June 13, 2023 @ 10:54 pm By JD Alois  |  

Bitstamp is reporting that it has secured registration as a cryptoasset service provider by the UK Financial Conduct Authority. Bitstamp currently claims 52 licenses and registrations secured with financial regulators across the globe. Firms carrying out specific cryptoasset activities in the UK must comply with… Read More

June 13, 2023 @ 7:56 pm By JD Alois  |  

DealMaker has emerged as a top online capital formation platform providing services to enable the primary issuance of securities across the full stack of crowdfunding exemptions. This includes Reg CF, Reg A+, and Reg D. At the same time, due to its base of operations… Read More

June 13, 2023 @ 5:16 pm By JD Alois  |  

In a bit of a stealth rulemaking attempt, the Securities and Exchange Commission (SEC) has proposed new rules that would impact the definition of an exchange. The amendments regarding the definition would also impact Alternative Trading Systems (ATSs).  As the SEC deems all digital assets… Read More

June 13, 2023 @ 2:44 pm By JD Alois  |  

House Majority Whip Tom Emmer and Representative Warren Davidson have revealed legislation that aims to remove SEC Chair Gary Gensler. Gensler has received fire from members of Congress who believe he has not pursued rule-making to enable digital asset innovation while focusing his efforts on… Read More

June 13, 2023 @ 10:10 am By JD Alois  |  

At today’s opening of London Tech Week, Prime Minister Rishi Sunak said he sees the UK as an “island of innovation.” Sunak reported that the UK has created 134 unicorns in the last ten years, stating that the UK is one of the most “digitally… Read More

June 13, 2023 @ 9:48 am By JD Alois  |  

Num Finance, a stablecoin issuer operating in Latin America, says nARS, a stablecoin pegged to the Argentine peso, is now trading on Ripio. nARS is described as a “key pillar” in the company’s strategy. Num Finance aims to introduce other “real world assets” (RWA) as… Read More

June 13, 2023 @ 9:01 am By JD Alois  |  

Reflecting the realities of financial services today, the Association of German Lending Platforms (Verband Deutscher Kreditplattformen, VdK), has changed its name to the Digital Lending Association. The Association represents 27 members and is committed to supporting a viable and transparent digital financing industry while also… Read More