Investment Platforms and Marketplaces

June 18, 2023 @ 9:36 am By Omar Faridi  |  

Only a couple months after finalizing a $155M acquisition of Apex Crypto, an established trading infrastructure provider, the New York–headquartered crypto-assets platform Bakkt Holdings, Inc. (NYSE: BKKT) is delisting three major digital currencies: Solana (SOL), Polygon (MATIC), and Cardano (ADA). Marc D’Annunzio, Bakkt General Counsel… Read More

June 17, 2023 @ 11:19 am By JD Alois  |  

Earlier today, the SEC revealed that it has received court approval for “emergency relief” from Binance and affiliated entities to require funds impacting US investors to be maintained in the US. The order states that funds must be repatriated and held for the benefit of… Read More

June 17, 2023 @ 9:56 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received court approval for emergency relief regarding assets held by Binance for US customers. The SEC states that all defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng… Read More

June 16, 2023 @ 6:52 pm By JD Alois  |  

Binance is continuing its staggered retreat from another market. According to a Tweet from today, Binance is exiting the Netherlands market as they have been “unable to register as a VASP with the Dutch regulator.” A VASP is a virtual asset service provider, and the… Read More

June 15, 2023 @ 12:20 pm By JD Alois  |  

  Brian Dally, co-founder and CEO of Groundfloor, operates a unique online investment platform for real estate investors. By using the Reg A+ exemption, Groundfloor enables smaller investors to gain access to residential properties – a sector of the market that continues to experience robust… Read More

June 14, 2023 @ 10:49 pm By JD Alois  |  

Digital securities marketplace ADDX has appointed former Singapore Exchange (SGX) Managing Director Chew Sutat as its new Chairman. According to a note from the company, Sutat has Chaired the listing committee of ADDX since 2019. SGX is a shareholder in ADDX. ADDX Pte Ltd took… Read More

June 14, 2023 @ 10:54 am By JD Alois  |  

Archax, a digital securities exchange regulated by the UK Financial Conduct Authority, has listed a securities offering to raise capital for SupraFin. According to the offering page, SupraFin is raising funds at a pre-money valuation of £12 million. SupraFin is hoping to raise a minimum… Read More

June 13, 2023 @ 10:54 pm By JD Alois  |  

Bitstamp is reporting that it has secured registration as a cryptoasset service provider by the UK Financial Conduct Authority. Bitstamp currently claims 52 licenses and registrations secured with financial regulators across the globe. Firms carrying out specific cryptoasset activities in the UK must comply with… Read More

June 13, 2023 @ 7:56 pm By JD Alois  |  

DealMaker has emerged as a top online capital formation platform providing services to enable the primary issuance of securities across the full stack of crowdfunding exemptions. This includes Reg CF, Reg A+, and Reg D. At the same time, due to its base of operations… Read More

June 12, 2023 @ 3:16 pm By JD Alois  |  

The Securities and Exchange Commission’s pursuit of digital assets or crypto assets deemed to be securities is ripping through the crypto marketplace. In the recent enforcement action filed by the SEC against Coinbase  (NASDAQ:COIN), the Commission highlighted multiple digital assets it believes are securities and… Read More

June 11, 2023 @ 7:03 pm By Omar Faridi  |  

Shares, Europe’s community-powered investment app, chooses Upvest, the Berlin-based infrastructure fintech, “to expand its investment product offering and geographical presence.” Following its successful launch and rapid growth in the UK, Shares will “bring its social investment experience to the European stage through Upvest’s Investment-API.” For… Read More

June 11, 2023 @ 1:34 pm By JD Alois  |  

We last looked at the ECSPR [European Crowdfunding Service Providers Regulation] approved crowdfunding platforms in March 2023. At that time, 21 approved securities crowdfunding platforms were allowed to provide services across all European Union member states. ECSPR allows a platform to list securities from private… Read More

June 9, 2023 @ 4:26 pm By Omar Faridi  |  

James Watt’s ‘The Next Unicorn’ project, where he has linked up with Crowdcube in order to find the next “beast,” has provided Basket with £250,000 in funding, according to a report in Tech.eu. Basket is a tech startup established by Lex Deak and William Neill…. Read More

June 9, 2023 @ 3:16 pm By Omar Faridi  |  

On June 8, 2023, Binance, which is being sued by US regulators for a wide range of issues, conducted a one-day training program in collaboration with Taiwan’s Criminal Investigation Bureau (CIB) in Taipei. This collaboration is “part of their broader commitment to contribute to combating… Read More

June 9, 2023 @ 9:39 am By JD Alois  |  

Early-stage investing is not for the risk-averse or the impatient. Most startups will fail, and a few will bounce along, probably never generating an outsized return for investors. But like professional investors who take a diversified approach, a single investment out of many can drive… Read More

June 9, 2023 @ 8:57 am By Omar Faridi  |  

Binance.US revealed on Thursday (June 8, 2023) that it will be suspending US dollar deposits and that its banking partners are getting ready to suspend fiat US dollar withdrawal options as early as June 13, 2023. This update has come a few days after US… Read More

June 8, 2023 @ 9:09 am By JD Alois  |  

SeedBlink, a European securities crowdfunding provider, has expanded into the DACH countries – Germany, Austria, and Switzerland. SeedBlinke, based in Bucharest, has been announcing operations across different EU countries in recent months. SeedBlink pitches its services as a “co-investment platform,” allowing VC money to pair… Read More

June 8, 2023 @ 2:17 am By JD Alois  |  

SaveLend Group has received regulatory approval from the Danish FSA (Finanstilsynet) to acquire Lunar Bank’s peer-to-peer lending business. According to a statement by SaveLending, the P2P business will now be migrated over to Savelend in the coming months. The acquisition includes all customer relations with… Read More

June 7, 2023 @ 5:10 pm By Omar Faridi  |  

Kraken, which claims to be one of the world’s “longest standing” and most “trusted” crypto platforms, announced the appointment of Vishnu Patankar as Chief Technology Officer (CTO). Patankar reportedly “brings over twenty years of technology expertise to Kraken and helped Fortune 500 companies like Microsoft,… Read More

June 7, 2023 @ 11:36 am By JD Alois  |  

StartEngine, one of the largest investment crowdfunding platforms in the US, has increased its founder bounty to $10,000. According to a recent email, if you know a founder that wants to raise growth capital – all you have to do is submit their contact information,… Read More