JD Alois

SEC Chairman Jay Clayton Testifies in Front of Senate Banking Committee

Securities and Exchange Commission (SEC) Chairman Jay Clayton spent his morning today (December 10, 2019) testifying in front of the Senate Committee on Banking, Housing, and Urban Affairs. In prepared testimony (embedded below), Chair Clayton addressed multiple issues including those that impacting regulatory modernization as… Read More

BlockFi Recently Raised $18.3 Million and Now They are Launching a Crypto Exchange

While some well-known digital asset marketplaces are exiting the crypto-exchange sector in the US (too many rules, too little time), cryptoasset-to-USD lender and wealth manager BlockFi is bucking the trend. BlockFi currently provides services to customers worldwide, including 47 U.S. states, with interest-earning accounts and… Read More

Big Tech in Finance: The Financial Stability Board Explains the Implications

Depending on the jurisdiction, big tech is moving into financial services at various speeds. In China, big tech already dominates much of the Fintech landscape from payments, to lending, to Wealthtech to savings. It’s all there. In the US, there is a constant, pensive shuffle… Read More

Pivot: NextSeed Offers First Real Estate Offering as Platform Expansion Continues

NextSeed, previously a debt-focused Reg CF platform, has recently listed its first real estate offering for a property being redeveloped in downtown Albuquerque, New Mexico. Securities are being issued under Reg D 506c – so accredited investors only. According to NextSeed, ARRIVE Albuquerque “offers a… Read More

Crypto Basher Brad Sherman Selected to Lead House Subcommittee on Investor Protection, Entrepreneurship & Capital Markets

Last week, Representative Maxine Waters, Chairwoman of the House Financial Services Committee, announced that Representative Brad Sherman was elected by the Committee’s Democratic Caucus to serve as Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. Sherman, from California, has been in the… Read More

UK Digital Security Platform Smartlands Will Tokenize Own Equity. Offering to be Sold in the US via Broker Dealer

UK based Smartlands will be tokenizing its own equity selling a 3.5% equity stake in the platform, according to a note from the company. Smartlands is a digital security issuance platform that claimed earlier this year to have tokenized the first property investment in the… Read More

An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money

Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P investors is simply too costly for the amount of money raised. Over time, institutional money pushed out smaller… Read More

Catching Up: NatWest Adds More Features to Banking App

The race to compete with emerging Fintechs is compelling most all banks to up their game. This is good for the consumer. Better service and lower costs (hopefully). If traditional banks want to survive ongoing iterations and a willingness to change is vital. Today, NatWest… Read More

Blockchain: Tim Draper Backs VC Goren Holm Ventures, Firm Rebrands as Draper Goren Holm

Prominent venture capitalist and blockchain proponent Tim Draper has backed LA-based blockchain-focused venture firm. Goren Holm Ventures has received an investment from Draper and expanded his partnership with the firm, now rebranded to Draper Goren Holm. Co-founded by Josef Holm and Alon Goren, the VC… Read More

Report: Traditional Banks Retain Trust, But Challenger Banks Have Charm

A report by global consulting firm AT Kearney recently addressed the emergence of digital challenger banks. Published last week, and authored by Simon Kent and Danil Makarov, the research states that  challenger banks are “already mainstream” and if old school high street banks don’t wake… Read More

SEC Small Business Capital Formation Advisory Committee Schedules Meeting to Further Discuss Regulatory Harmonization

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee has scheduled an additional meeting to discuss regulatory harmonization along the lines the Commission’s Concept Release published earlier this year. The SEC officially closed comments on its Concept Release in September but feedback… Read More

Switzerland based Fintech Incubator and Accelerator F10 Sets Up Shop in Singapore

Switzerland based Fintech Incubator & Accelerator F10 has set up a new office in Singapore to expand its reach in the world of Fintech. Singapore is a well established Fintec hub due to the exceptional support by the Singaporean government and financial regulators. F10 said… Read More

So Far, Not a Single ICO has been White-Listed by the Autorite des Marches in France

The “Loi Pacte” was approved by the French government earlier this year. the new law included multiple policy moves designed to improve the overall competitiveness of the French economy. As part of the legislation, France created bespoke rules for initial coin offerings. Under French law,… Read More

CrowdProperty Reports that £20 Million has Been Returned to Investors with 100% Track Record of Capital & Interest Paid

Property investment platform CrowdProperty has topped £20,000,000 in capital returned during 5 years of lending, according to an email from the company. CrowdProperty states that since platform launch, approximately £55 million has been lent which has helped to finance over £130 million of property and… Read More

Online Lender October Signs United Nation’s Principles for Responsible Investing

October, a European marketplace lending platform for SMEs has signed the United Nation’s “Principles for Responsible Investing.” October claims to be one of the first online lenders to agree to the “UN PRI.” The UN PRI defines responsible investment as a “strategy and practice to… Read More

Landbay Exits P2P Lending as Institutional Money Takes Over

Yesterday in a blog post, Landbay founder and CEO John Goodall announced that his property crowdfunding platform will no longer serve as a peer to peer lender as institutional money has taken over. Landbay said that a UK bank will now handle the current retail… Read More

Report: the Banque of France will Begin Testing a Central Bank Digital Currency in 2020

The French France

The Banque of France will begin testing a Central Bank Digital Currency (or CBDC) in 2020, according to a report in Les Echos – the leading business publication of France. Quoting François Villeroy de Galhau, the Governor of the Banque of France, who was speaking… Read More

STO: Greyp Bikes Closes Blockchain Managed IPO on Neufund Raising €1.4 Million

Neufund, a Berlin-based investment platform, has successfully closed the offering of e-mobility company, Greyp Bikes raising €1.4 million. Greyp, an eBike creator and a spinoff from Rimac Automobili, launched the security token offering in September. Greyp claims to be the “future of mobility” and the… Read More

UK: New Peer to Peer Lending Rules Kick in on December 9th: “A Watershed Moment for P2P”

New peer to peer lending rules come into effect on Monday, December 9th. The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of peer to peer lending. One of the most… Read More

Kapilendo is Issuing its First Digital Bond Using Stellar Blockchain

“Banking partner for SMEs” Kapilendo is issuing its first blockchain-based digital bond. According to the Germany based crowdfunding platform, FR L’Osteria SE, a “gastronomy concept” is issuing a tokenized bond using blockchain tech. Kapilendo is a debt-based crowdfunding platform that caters to Mittelstand companies by… Read More

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