November 9, 2019 @ 3:08 am By JD Alois  |  

DEXTF, or “Decentralized Traded Funds,” a Singapore-based startup has raised USD $460,000 in an oversubscribed seed funding round led by LuneX Ventures and SGInnovate, according to a release. The partners at London-based hedge fund CDAM also participated in the funding round along with other undisclosed… Read More

November 8, 2019 @ 4:01 pm By JD Alois  |  

SEC Commissioner Hester Peirce delivered a speech, entitled Broken Windows, addressing SEC enforcement actions earlier this week. Peirce reviewed the topic in advance of the annual report on such actions. The SEC Division of Enforcement is the largest Division within the Commission. According to the… Read More

November 8, 2019 @ 10:45 am By JD Alois  |  

A leading artificial intelligence (AI) consultancy, Brainpool AI is raising capital on Seedrs. The consultancy is seeking £120,001 for a 3.3% equity stake in the firm. The company has set a pre-money valuation of £3.5 million. As this moment, Brainpool AI has raised over half… Read More

November 8, 2019 @ 9:58 am By JD Alois  |  

The Council of the European Union has posted a memo, or “draft joint statement,” regarding stablecoins – a hot policy topic these days due to Facebook’s attempt to launch a global, non-sovereign, cryptocurrency. When Facebook revealed the creation of Libra, and the executive body the… Read More

November 8, 2019 @ 2:52 am By JD Alois  |  

The Japan Virtual Currency Exchange Association (JVCEA) has signed a Memorandum of Understanding (MoU) with the International Digital Asset Exchange Association (IDAXA). This is the eighth national trade association in the sector to align with IDAXA. The goal is to provide a unified voice for… Read More

November 7, 2019 @ 4:44 pm By JD Alois  |  

Earlier this week, leading marketplace lending platform LendingClub (NYSE:LC) announced Q3 financial results that beat on both the top and bottom line. Importantly, LendingClub reported its first profitable quarter in years – a longtime goal of the Fintech. LendingClub went public in December 2014 during… Read More

November 7, 2019 @ 1:33 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced the 20 finalists for the Global Fintech Hackcelerator as part of the 2019 Singapore Fintech Festival x Singapore Week of Innovation and TeCHnology (SFF x SWITCH). In a release, MAS said the finalists were selected from two… Read More

November 7, 2019 @ 10:23 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chairman Jay Clayton has re-affirmed his belief that retail investors should have a compliant path to access more private securities offerings. While initial public offerings (IPOs) have morphed into an exit opportunity for big money where retail investors end up… Read More

November 7, 2019 @ 10:02 am By JD Alois  |  

DayTek Capital says it expects to launch a new digital bank “Infinity” in Australia by mid-2020. The company describes the forthcomin bank as “product disruptive,” without providing too many details. Additionally, DayTek reports the Australian government is assisting with the Fintech getting established as Trade… Read More

November 7, 2019 @ 9:45 am By JD Alois  |  

German online lender Kreditech says the company is on track to “reach profitability in the near future,” as operating loss shrinks. Simultaneously, revenue and originations both declined. The Fintech claims significantly improved performance as a result of a new strategy that was implemented in 2018…. Read More

November 7, 2019 @ 8:29 am By JD Alois  |  

Medical cannabis company Puro, described as the “Sauvignon Blanc” of marijuana is raising capital on PledgeMe. The Malborogh, NZ based company is seeking NZ $2 million in equity representing a 7.9%% equity stake in the company. The minimum investment has been set at NZ $500…. Read More

November 7, 2019 @ 7:58 am By JD Alois  |  

Tandem Bank is expanding into Hong Kong. The UK based challenger bank announced in a release that Tandem is working closely with Convoy Global Holdings on the launch. Tandem Bank expects to officially open up operations before the end of 2019. Convoy Global Holdings is… Read More

November 6, 2019 @ 9:21 pm By JD Alois  |  

The Australian Senate Select Committee on Financial Technology (Fintech) and Regulatory Technology (Regtech) has published an “Issues Paper outlining what it intends to review and report back to the Senate. The Committee was established in September 2019 and consists of six senators. The Fintech and… Read More

November 6, 2019 @ 8:52 pm By JD Alois  |  

Mitsubishi UFJ Financial Group (MUFG) (NYSE:MUFG) has established the Security Token Research Consortium (ST Research Consortium) to develop next-generation financial transaction services using blockchain technology. Japan has emerged as a robust market for the development of blockchain technology. MUFG  is one of the largest financial… Read More

November 6, 2019 @ 4:19 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee has posted its agenda for its upcoming meeting this month. Included on the list of topics, is the effort by the SEC to harmonize the exempt offering ecosystem. The SEC officially closed comments… Read More

November 6, 2019 @ 3:48 pm By JD Alois  |  

Manhattan Street Capital has circulated an email that outlines the cost of doing a Reg A+ securities offering. While I know not everyone may agree with their analysis, Manhattan Street Capital is a platform that facilitates Reg A+ offerings and thus has some boots on… Read More

November 6, 2019 @ 12:56 pm By JD Alois  |  

Tokenization platform Equisafe and Masteos will soon launch a marketplace for pooling rental investments between individuals via the blockchain, according to a note from Equisafe. The platform named RENT was created by Equisafe and by Masteos, a consulting and rental property management company.  Equisafe explained… Read More

November 6, 2019 @ 12:17 pm By JD Alois  |  

Good news for investment crowdfunding platforms in France. Last week, it became official that the effective crowdfunding cap was increased from €2.5 million to €8 million (~$8.9  million). The change came with the finalization of Decree No. 2019-1097.     The Decree was part of the Loi… Read More

November 6, 2019 @ 11:19 am By JD Alois  |  

Seedrs, a leading UK based investment crowdfunding platform, has updated its secondary marketplace for crowdfunded securities. Seedrs is unique in the fact that it is providing an effective liquidity path for private securities that have raised capital on its platform.  Crowdfunded securities are typically an… Read More

November 6, 2019 @ 11:00 am By JD Alois  |  

TokenSoft, a digital securities issuance platform, is now supporting ’40 Act Funds, according to a company release. Arca Capital Management President Jerald David announced their decision to utilize TokenSoft as they move forward with their US Treasury Fund (Ticker: $UST), a digital security, which is… Read More