December 11, 2019 @ 12:48 pm By JD Alois  |  

The creators of the open-source ​DAML​ smart contract language, ​Digital Asset​ (DA), has raised approximately $35 million in Series C funding from new and existing investors. According to DA, the latest financing round brings the total amount raised by the company to $150 million. Yuval… Read More

December 11, 2019 @ 11:04 am By JD Alois  |  

The Chamber of Digital Commerce, a trade association representing the blockchain industry, and the Enterprise Ethereum Alliance (EEA), an advocacy group created to advance enterprise blockchain technology, have announced a new partnership. The Chamber of Digital Commerce will become an EEA Associate–Collaborative Member, and the… Read More

December 11, 2019 @ 10:47 am By JD Alois  |  

A report from earlier this week in Sina indicates that the Bank of China has issued Yuan 20 billion (USD $ 2.8 billion) in “special finance bonds” for small and micro firms. For the issuance, the Bank of China used a “self-developed blockchain bond issuance… Read More

December 11, 2019 @ 8:23 am By JD Alois  |  

Elliptic, a crypto risk firm, has announced a service for traditional banks to help identify the flow of funds in and out of crypto. “Elliptic Discovery” is said to facilitate risk assessment for digital assets while covering 200+ exchanges and enabling banks to pursue new… Read More

December 10, 2019 @ 10:35 pm By JD Alois  |  

Payments and transfer Fintech InstaReM, part of the  NIUM payments platform, has added an electronic-Know Your Customer or “e-KYC”. InstaReM’s e-KYC eliminates the need for in-person checks. The service is now available in Malaysia has enabled by the central bank the Bank Negara Malaysia (BNM)…. Read More

December 10, 2019 @ 2:51 pm By JD Alois  |  

FrontFundr, Canada’s largest equity crowdfunding platform and exempt market dealer, has partnered with DealSquare, a centralized platform for private securities offerings. Crowdfund Insider previously revealed the news when it was posted on an affiliated website. Silver Maple Ventures, the holding company of FrontFunder, said in… Read More

December 10, 2019 @ 12:17 pm By JD Alois  |  

DSTLD (or Digital Brands Group), a fashion brand and direct to consumer e-retailer, is preparing to close its Reg A+ investment crowdfunding offer hosted on StartEngine. Once the offer closes, DSTLD appears to be ready to try and list its shares on NASDAQ, according to… Read More

December 10, 2019 @ 11:57 am By JD Alois  |  

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

December 10, 2019 @ 8:25 am By JD Alois  |  

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

December 9, 2019 @ 11:09 pm By JD Alois  |  

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

December 9, 2019 @ 5:26 pm By JD Alois  |  

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

December 9, 2019 @ 4:17 pm By JD Alois  |  

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

December 9, 2019 @ 12:09 pm By JD Alois  |  

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

December 9, 2019 @ 9:27 am By JD Alois  |  

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

December 9, 2019 @ 9:02 am By JD Alois  |  

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

December 9, 2019 @ 8:00 am By JD Alois  |  

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

December 9, 2019 @ 1:49 am By JD Alois  |  

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

December 8, 2019 @ 10:08 pm By JD Alois  |  

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

December 8, 2019 @ 6:18 pm By JD Alois  |  

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

December 7, 2019 @ 11:44 am By JD Alois  |  

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