Investment Platforms and Marketplaces

August 19, 2023 @ 10:43 pm By Omar Faridi  |  

The new virtual asset platform M2 has been officially granted a Financial Services Permission (FSP) license in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA) and is now “approved to operate a multilateral trading facility and offer custody services to… Read More

August 19, 2023 @ 4:54 pm By Omar Faridi  |  

Enclave Markets, which claims to be the world’s first fully encrypted exchange (FEX) that combines the best parts of centralized and decentralized finance, announced it has integrated with Talos, the provider of institutional digital assets trading technology. Eligible Talos clients will now be “able to… Read More

August 18, 2023 @ 8:46 am By Omar Faridi  |  

Modulus, a US-based developer of “high-performance” trading and surveillance technology that powers global equities, derivatives, and asset exchanges; government agencies and laboratories; and research universities, announced that the company was set to release new white label crowdfunding and private placement platforms for non-accredited investors. From… Read More

August 18, 2023 @ 8:41 am By Omar Faridi  |  

Jacobi Asset Management has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The Jacobi FT Wilshire Bitcoin ETF reportedly “represents the first digital asset fund compliant with SFDR Article 8 through its decarbonization strategy.” Jacobi has implemented “a verifiable built-in Renewable Energy Certificate (REC) solution… Read More

August 17, 2023 @ 4:57 pm By JD Alois  |  

The Association of Online Investment Platforms (AOIP) provides feedback on FINRA’s request for input on improving capital formation. This past May, FINRA announced a request for comment on how FINRA rules may impact capital formation. The goal was to look for ways to increase efficiency… Read More

August 17, 2023 @ 3:42 pm By JD Alois  |  

Predicting forthcoming “massive changes” for his platform, Republic Head of Crypto Andrew Durgee has announced a new digital wallet offering by the platform. Republic Wallet is described as being integrated with the investment experience. The self custodied wallet allows users to receive “digital crypto assets”… Read More

August 17, 2023 @ 10:36 am By JD Alois  |  

Digital asset firm Securitize has acquired wealth management platform Onramp Invest, according to a company statement. The terms of the acquisition were not disclosed. Onramp is described as a “turn-key digital asset management platform that seamlessly connects traditional and digital asset financial infrastructures.” Securitize is… Read More

August 17, 2023 @ 8:35 am By Omar Faridi  |  

Binance recently released its newest Proof of Reserves (PoR) report “causing the Binance Coin (BNB) to rise” (although this could be due to other market conditions). Meanwhile, emerging hybrid exchange Tradecurve (TCRV) is also “working towards implementing its own PoR.” As a result, it claims… Read More

August 16, 2023 @ 12:12 pm By JD Alois  |  

EquityZen is celebrating ten years of operation. EquityZen is a marketplace for private securities. EquityZen is not a primary issuance platform but provides liquidity for shares in private firms – frequently from employees that have been granted shares in companies that are not listed on… Read More

August 16, 2023 @ 11:49 am By JD Alois  |  

Wefunder, a top securities crowdfunding platform, has distributed an “X” (or Tweet) on its market share in the Regulation Crowdfunding or Reg CF sector of online capital formation. The statement indicates that Wefunder has garnered 36.3% of the market in 2023 – year to date…. Read More

August 16, 2023 @ 10:34 am By JD Alois  |  

Coinbase (NASDAQ:COIN) has secured regulatory approval from the National Futures Association (NFA) to operate a Futures Commission Merchant (FCM).  This will enable it to provide access to crypto futures trading for eligible customers. The NFA is a Commodities Futures Trading Commission (CFTC) designated self-regulatory organization…. Read More

August 16, 2023 @ 8:59 am By JD Alois  |  

BAM Trading Services Inc. and BAM Management US Holdings Inc. have filed a motion for a protective order in the ongoing legal battle with the Securities and Exchange Commission (SEC). BAM is the corporate name for Binance.US. This past June, the SEC filed charges against… Read More

August 16, 2023 @ 8:39 am By Omar Faridi  |  

Eleving Group has announced unaudited results for the first half of 2023. The company has provided the following operational and financial information: Eleving Group reveals that it “recorded €90.6M in revenues in Q2 2023. Lease and subscription-based products contributed to €25.2M of the revenue, up… Read More

August 15, 2023 @ 11:35 pm By Omar Faridi  |  

Debitum notes that July is one of the quietest months in the investment world, however, the firm has been “very active” during this time. During July, Debitum reveals that they have: added new ABS assets from Sandbox Funding to the platform, offered to invest on… Read More

August 15, 2023 @ 8:40 pm By Omar Faridi  |  

By the end of 2022, the value of net assets per average resident of Europe reached €50,000, according to an update from Robocash. According to a report from Robocash, the largest share is occupied “by conservative instruments with noticeably growing alternative sources of financing.” Analysts… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 15, 2023 @ 9:22 am By JD Alois  |  

EstateGuru, an online marketplace for property-backed loans, has partnered with Moody’s to rate the securities offerings listed on the crowdfunding platform. Mihkel Stamm, CEO of Estateguru, said it is very important that investors on crowdfunded offerings have access to the best possible information. He shared… Read More

August 15, 2023 @ 8:50 am By Omar Faridi  |  

FOLK2FOLK, which claims to be the UK’s leading peer-to-peer lending platform connecting Investors with regional and rural businesses, is pleased to announce that its dedicated community of Investors “earned £14.2 million in interest during the last tax year (2022/2023).” According to the firm, this achievement… Read More

August 14, 2023 @ 8:49 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Loan” to provide consumer microfinance solutions through financial technology. With Loan, there are now six authorized companies “offering consumer microfinance solutions in Saudi Arabia.” This decision reflects SAMA‘s endeavor “to support the finance sector, increase efficiency of financial transactions,… Read More

August 14, 2023 @ 10:10 am By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks. XRP is now “available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile… Read More