Global

April 17, 2019 @ 5:56 pm By JD Alois  |  

Bitbond announced the first BaFin approved security token in February. The digital asset, BB1, is a debt based offering with a targeted return of 8% per annum which includes a 4% coupon and a participation percentage (60%) baked into the crypto. BBI was issued with… Read More

April 17, 2019 @ 12:00 pm By JD Alois  |  

AlphaPoint, a blockchain company focused on enabling asset tokenization and trading in a compliant manner, has partnered with Elevated Returns to launch a “secondary market for $1 billion USD tokenized real estate shares.” The exchange will focus on the Southeast Asian property markets. Elevated Returns… Read More

April 17, 2019 @ 11:07 am By JD Alois  |  

ReitBZ, part of BTG Pactual, has announced that it has hit its USD $3 million “soft cap” goal. ReitBZ has set a hard cap of USD $15 million. ReitBZ is a security token offering based on real estate assets. More specifically, distressed real estate assets… Read More

April 17, 2019 @ 7:33 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published its annual business plan. While the immediate focus must be Brexit and the ramifications of the European separation, Fintech, once again, is part of the regulator’s priorities. The FCA states that: ” [we seek to] build on our… Read More

April 17, 2019 @ 2:34 am By Cali Haan  |  

Cheap hydroelectric and geothermal power, cooler temperatures and a relatively stable business environment have drawn droves of cryptocurrency mining firms to Iceland over the past few years. Abandoned industrial sites, fish factories, and even barns have been commandeered for the mining of Bitcoins and other… Read More

April 16, 2019 @ 10:25 pm By JD Alois  |  

Since Australia fixed a glaring shortcoming in the country’s “crowd-sourced funding” regulations, equity crowdfunding has gained a new spring in its step. Under current Aussie rules, an issuer may raise up to $5 million in an online securities offering. Retail investors are capped at $10,000… Read More

April 16, 2019 @ 12:48 pm By Cali Haan  |  

France’s Finance and Economy minister, Bruno Le Maire, has told the EU that it should use rules established by France to govern the region’s cryptocurrency and digital asset sector as inspiration for EU and regional regulations. Le Maire told attendees at a recent “blockchain tech”… Read More

April 16, 2019 @ 10:57 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published its 4th annual European Alternative Finance report. The publication, entitled “Shifting Paradigms” – completed in partnership with the University of Agder in Norway, tracks the growth of alternative finance across Europe including the UK. According to… Read More

April 16, 2019 @ 8:44 am By JD Alois  |  

Welendus (PTP Funding Limited), a peer to peer lending platform, has received an investment from the Unicorn Ascension Fund (UAF) for an undisclosed amount. The investment was said to be used for future expansion into India. Other early-stage investors in the company include Pontaq, a… Read More

April 16, 2019 @ 8:10 am By JD Alois  |  

The European Centre for Alternative Finance (ECAF) based at Utrecht University School of Economics, has announced the 3rd European Alternative Finance Research Conference scheduled to take place in October in the Netherlands. ECAF said this year’s keynote speaker is Armin Schwienbacher (SKEMA Business School), an… Read More

April 16, 2019 @ 8:01 am By JD Alois  |  

Commerzbank has partnered with Fintech Raisin to provide the first deposit portal for corporate clients in Germany. Raisin, in a release, said that their service has gained in popularity with consumers and now corporate clients are jumping in. Commerzbank is Germany’s largest bank in the… Read More

April 16, 2019 @ 7:51 am By JD Alois  |  

Peer-to-peer property lender CrowdProperty has closed their £1.1 million equity crowdfunding round on Seedrs easily topping their £600,000 goal. CrowdProperty raised capital at a pre-money valuation of £15.7 million. Approximately 575 investors supported the round. The news of their successful equity offering was joined by… Read More

April 16, 2019 @ 7:36 am By JD Alois  |  

Gibraltar Blockchain Exchange (GBX), a crypto focused regulated exchange, has selected Kurt Looyens as its Chief Executive Officer, according to a release. Looyens was previously Country Executive for ABN AMRO Bank Spain. Looyens has been with GBX since July 2018 when he joined GBX as… Read More

April 16, 2019 @ 2:32 am By Erin Hobey  |  

UK-based fintech startup Upgrade Pack, a closed marketplace for global user access to discounted flight and hotel upgrades, has surpassed its Seedrs equity crowdfunding campaign target goal, swiftly surpassing £500,000 with the help of over 425 investors. To date, over £545,000 has been raised for 4.1% equity at… Read More

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 @ 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 @ 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 @ 3:03 am By Erin Hobey  |  

Blockport, a social crypto exchange, plans to launch its Security Token Offering (STO); the first round issued through Tokeny will take place on 15 April with the goal of raising EUR 5M from investors in both Europe and the United States. The round is part… Read More