April 15, 2019 @ 4:29 pm By JD Alois  |  

The London Stock Exchange (LSE) has collaborated on the first securities based on blockchain technology. The LSE is one of the largest regulated exchanges in the world and the second largest by volume operating in Europe (Euronext is first). A report in the Telegraph said… Read More

April 15, 2019 @ 2:08 pm By JD Alois  |  

NextSeed, a FINRA regulated funding portal issuing securities under Reg CF, has become a broker-dealer. In an email distributed to its community, NextSeed announced the change in strategy for its investment crowdfunding platform. The announcement was joined by a site re-design and the addition of… Read More

April 15, 2019 @ 11:17 am By JD Alois  |  

While most of the headlines covering Goldman Sachs’ (NYSE:GS) Q1 earnings report targeted the decline in earnings and profit, for investors that tuned in to the earnings call they were able to learn more about Goldman’s transformation into a financial services firm of the future…. Read More

April 15, 2019 @ 10:14 am By JD Alois  |  

The UK Crowdfunding Association (UKCFA) has scheduled a meeting with the Financial Conduct Authority (FCA) as the group is concerned over the “quality of supervision,” according to a report in the Times. The UKCFA is an association that represents the leading equity crowdfunding platforms in… Read More

April 15, 2019 @ 9:35 am By JD Alois  |  

A report from Mintos, an online marketplace for investments in loans, states they have topped €2 billion in funding. Mintos CEO and co-Founder Martins Sulte commented that hitting the €2 billion milestone shows that Mintos is on on the right path of making financial services… Read More

April 15, 2019 @ 8:24 am By JD Alois  |  

Online investment platform Republic revealed last week that Note, a security token which may be issued under the Reg A+ exemption, has already granted 1.8 Note tokens.  The Note tokens concept was first revealed in March when it was reported that Republic had acquired RenGen… Read More

April 15, 2019 @ 7:13 am By JD Alois  |  

Research compiled by YouGov, Seedrs, and banking app Dozens, shares a dim view of financial sophistication in the UK. According to the report, a majority of UK adults are poorly informed about financial services and planning for their future. The study conducted by YouGov was… Read More

April 14, 2019 @ 5:58 pm By JD Alois  |  

The Financial Stability Board (FSB) has published a “Crypto Assets Regulators Directory.” The document was recently distributed at the April G20 Finance Ministers and Central Bank Governors meeting. The FSB was founded in 2008 as an international body that monitors the global financial system. Part… Read More

April 14, 2019 @ 9:23 am By JD Alois  |  

Harvard University, via their endowment fund, is backing Blockstack’s security token offering. Digging into the Reg A+ Offering Circular filed with the SEC last week, Blockstack highlighted the relationship with Harvard Management Company: “In connection with the sale to the QP Fund, we have formed… Read More

April 13, 2019 @ 9:19 am By JD Alois  |  

Crowdsourcing Week recently held their inaugural BOLD Awards near Venice. Organizers selected winners in 12 categories plus three special awards. The event itself was organized and hosted by H-FARM, a startup business development and accelerator hub in Europe. Crowdsourcing Week’s CEO Epi Ludvik and Emil… Read More

April 12, 2019 @ 5:54 pm By JD Alois  |  

LendingClub (NYSE:LC) has filed a document with the Securities and Exchange Commission (SEC) indicating its intent to do a reverse split on issued and outstanding shares. LendingClub would exchange 5 shares for 1. The proposal was included in the notice of the forthcoming Annual Meeting… Read More

April 12, 2019 @ 3:57 pm By JD Alois  |  

Online lender Avant is said to be in “late-stage discussions” concerning the approval of an Office of Comptroller of the Currency (OCC) Fintech charter. The news was apparently revealed on Politico Pro. Big scoop by @vtg2 on @Avant_US in late stage discussions re: @USOCC #FinTech… Read More

April 12, 2019 @ 9:53 am By JD Alois  |  

Fintech Raisin has partnered with ClearScore a UK credit checking service. ClearScore will now offer access to savings accounts by integrating with the Raisin service. ClearScore claims more than 8 million UK users of the free online credit check service. These users will be offered… Read More

April 12, 2019 @ 8:48 am By JD Alois  |  

Neutral, a Sequoia Capital China funded blockchain firm, has announced the launch of their first product: Neutral Dollar. The crypto is a stablecoin that is collateralized by PAX, TUSD, DAI, and USDC. Neutral said the basket of assets will “evolve” over time and include other… Read More

April 12, 2019 @ 7:59 am By JD Alois  |  

International Telecommunication Union (ITU), a United Nations’ specialized agency for information and communication technologies, has signed an agreement to work with South Korean blockchain firm ICONLOOP. According to a release, the goal is to establish a high-level framework of cooperation in the area of the… Read More

April 11, 2019 @ 10:02 pm By JD Alois  |  

The Australian Securities & Investment Commission (ASIC) has published several reports touting the progress of Fintech in Australia. ASIC said that recent surveys show an increase in demand – aided in part by ASIC’s Innovation Hub. Australia may be a smaller market but it has… Read More

April 11, 2019 @ 3:04 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading research group on all things Fintech, has launched a new Fintech collaboration network in partnership with the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC). According to a release by the UK government,… Read More

April 11, 2019 @ 12:58 pm By JD Alois  |  

Insurtech Lemonade has raised more money. The company revealed today that it has raised $300 million in a round led by SoftBank. The round included the participation of several well-known investors including leading crowdfunding platform OurCrowd, a company that has long held Lemonade in its… Read More

April 11, 2019 @ 11:51 am By JD Alois  |  

The 7th annual LendIt Fintech took place this week in San Francisco and once again financial innovators from around the world showed up to listen and learn about disruption taking place in Fintech. As part of the annual conference, LendIt announced 21 winners for its… Read More

April 11, 2019 @ 10:30 am By JD Alois  |  

Blockstack is the most recent blockchain based company to file for a Reg A+ securities offering to issue a security token. An offering circular filed with the Securities and Exchange Commission (SEC) explains in explicit detail the objective of the Blockstack tokens to be issued… Read More