November 24, 2020 @ 2:14 pm By JD Alois  |  

The exempt securities marketplace can be arcane and challenging to manage for entrepreneurs seeking to raise capital. The advent of online capital formation has helped to democratize access to capital as well as streamline securities offerings but hurdles do remain. A new startup co-founded by… Read More

November 24, 2020 @ 12:37 pm By JD Alois  |  

Somewhat unexpectedly, the Securities and Exchange Commission (SEC) has announced a proposed framework for gig economy workers to receive compensation by the issuance of securities. According to the SEC, the framework provides an exemption from registration for the issuance of compensatory securities by non-reporting issuers,… Read More

November 24, 2020 @ 12:13 pm By JD Alois  |  

Digital asset platform CoinList reports that it has facilitated the distribution of  Oasis Network’s Rose token tied to the ROSE Garden.  Coinlist states that it has added more than 6,700 new Oasis token holders to the network in just three weeks. Oasis Network is described… Read More

November 24, 2020 @ 9:50 am By JD Alois  |  

YRD Capital, a company that claims to offer the world’s first Fund of Funds (FoF) incorporating quantitative trading in crypto assets, is reporting over a 20% net return to its investors during the past three years that the fund has been in operation. YRD says… Read More

November 24, 2020 @ 9:07 am By JD Alois  |  

Current, one of the leading digital banks in the US, has raised $131 million in a Series C funding round led by Tiger Global Management joined by new investors Sapphire Ventures and Avenir. Foundation Capital, Wellington Management Company, and QED Investors returned to fund the… Read More

November 24, 2020 @ 8:00 am By JD Alois  |  

Securitize has received regulatory approval to acquire the FINRA regulated broker-dealer Distributed Technology Markets, LLC (DTM). The pending acquisition was announced last October and includes the Velocity Platform, LLC, a money services business with money transmitter licenses in several states. DTM also includes an alternative trading… Read More

November 24, 2020 @ 5:00 am By JD Alois  |  

JoomPay Europe S.A., a Fintech developing a social finance app aimed to enable money transfers across Europe, has obtained a Luxembourg Electronic Money Institution (EMI) license. Upon receipt, JoomPay will be able to serve clients across the European Union. JoomPay believes that Europe lacks simple… Read More

November 23, 2020 @ 8:22 pm By JD Alois  |  

China Construction Bank Corporation (CCB) has suspended its digital bond issuance on the FUSANG exchange. The digital bond was originally scheduled to go live on the Exchange on Friday, 13 November 2020. FUSANG said that just before the listing time, written communication was received from the… Read More

November 23, 2020 @ 5:19 pm By JD Alois  |  

LendingClub (NYSE:LC) shares hit a six-month high today rising over 9% to close at $7.48 each. The strong performance came on day when markets were slightly green overall but alongside no news for the Fintech. LendingClub has not traded above this level since last April…. Read More

November 23, 2020 @ 4:31 pm By JD Alois  |  

The Alloy Labs Alliance, founded by Fintech Forge along with regional and community banks, has added Five Star Bank, a subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), to the consortium. Launched in 2018, the Alloy Labs Alliance started with 12 banks and now claims over 40… Read More

November 23, 2020 @ 1:34 pm By JD Alois  |  

Monit has announced new features for banks that offer Monit to their small business customers. According to a release, by using predictive intelligence, Monit now offers banks a high-level, holistic overview of the health of their aggregated portfolio of small-business customers, as well as digital… Read More

November 23, 2020 @ 1:23 pm By JD Alois  |  

Proptech LendInvest has announced rate reductions for buy to let (BTL) loans and a new five year fixed product. LendInvest states that it has reduced rates across its two year fixed rate products. It’s 70% LTV two year fixed rate will now be available at… Read More

November 23, 2020 @ 10:55 am By JD Alois  |  

Decentralized storage network Filecoin has announced that its community of miners has dedicated an exbibyte (EiB) of storage capacity (or 1024 Pebibytes) to the network less than 4 weeks since its launch. Filecoin provides several real-world examples of what this type of digital warehouse means…. Read More

November 23, 2020 @ 10:38 am By JD Alois  |  

The 3rd Singapore-China (Chongqing) Connectivity Initiative (CCI) Financial Summit anticipates greater financial connectivity between the two countries, according to a note issued by the Monetary Authority of Singapore (MAS). At the event opening the Minister for Manpower, Singapore, Josephine Teo was said to highlight that… Read More

November 23, 2020 @ 10:25 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is now offering a new client pilot program for its Insurance Information Exchange (IIEX) service, a platform that seeks to help clients turn massive quantities of insurance data and information across 15.6 million policy records into actionable insights…. Read More

November 22, 2020 @ 7:11 pm By JD Alois  |  

This past week it was reported that UBS is looking to beef up its wealthy client business with its new “My Way” platform that is currently catering to customers in Switzerland with other European countries forthcoming as well as Asia.  According to Reuters, the wealth… Read More

November 21, 2020 @ 5:13 pm By JD Alois  |  

Chainalsysis, a top firm aiding both public and private entities monitor and track crypto transactions, is expected to raise $100 million at a $1 billion valuation according to a report by Forbes. The new funding is said to be led Lee Fixel’s VC firm, Addition,… Read More

November 20, 2020 @ 3:00 pm By JD Alois  |  

  Phil Liu is Chief Legal Officer and co-founder of Arca – a regulatory compliant digital asset investment platform that is building financial products utilizing blockchain. Arca is the first firm to offer a registered fund with shares issued as a digital security. The Fund… Read More

November 20, 2020 @ 11:11 am By JD Alois  |  

Settle Network has launched two new stablecoins on in Argentina (ARST) and the other in Brazil (BRLT). Both issued using Stellar, these are the first stablecoins in each country. Stellar is a decentralized network that has focused on financial products and services. According to a… Read More

November 20, 2020 @ 10:18 am By JD Alois  |  

Crypto spot and derivative exchange OKEx reports that withdrawal services of all digital assets will be resumed on or before Nov. 27, 2020. Before reopening withdrawals, the OKEx team is conducting security checks in order to resume normal operations of the hot wallet system. OKEx… Read More