Tagged: security token offerings

BnkToTheFuture Invests in Broker Dealer BMI Capital

BnkToTheFuture alongside Coinstreet Partners has invested in US Broker-Dealer BMI Capital, according to a company release. Terms of the investment were not disclosed. BnkToTheFuture said it plans to bring security tokens to institutional investors in both the US and Asia facilitated by the BMI Capital…. Read More

TokenFunder Greenlighted in Ontario to Pilot Secondary Market Token Trading Platform FreedomX

The Ontario Securities Commission (OSC) has agreed to allow TokenGX Inc, operator of token-issuance platform TokenFunder, to pilot a secondary market trading system for Ontario residents only. The pilot can proceed for 12 months after the first issuance of an ITO (initial token offering) or… Read More

NBA Player Spencer Dinwiddie Blocked from Tokenizing Part of His $35 Million Contract

The professional basketball organization noted on September 27 that Dinwiddie’s plan to allocate a portion of his contract earnings for a security token offering (STO) would violate the NBA’s collective bargaining agreement. NBA’s management stated: “The described arrangement is prohibited by the C.B.A., which provides… Read More

STO: Neufund Receives Clearance from Financial Monetary Authority in Liechtenstein, Offers First Compliant Blockchain based Offering to Retail Investors

Security token offering (STO) platform Neufund has received regulatory clearance from the Financial Monetary Authority (FMA) in Liechtenstein to offer securities to retail investors.  The first retail issuer on Neufund is Greyp, an electrical mobility platform that is backed by Porsche, Camel Group and T-mobile…. Read More

Hong Kong-based Investment Platform BnkToTheFuture to Facilitate Security Token Offerings, Invests in UK based Blockchain Consultancy Diacle

Hong Kong-based fundraising platform BnkToTheFuture is planning to facilitate security token offerings (STOs). The move will be facilitated by a strategic investment in Diacle. Founded in 2013, Diacle is an appointed representative of Met Facilities LLP, which is authorised and regulated by the UK Financial… Read More

Stefan Deiss: Blockchain Propulsion CEO Discusses Funding Challenges Faced By Crypto Startups

We recently caught up with Steifan Deiss, co-founder and CEO of Blockchain Propulsion, a Switzerland-headquartered global accelerator program for blockchain startups.  Deiss, an MBA graduate from HWZ University of Applied Sciences, shared his views and insights regarding the emerging distributed ledger technology (DLT) industry and… Read More

Report Says STOs in Europe Have Experienced a 17% Success Rate, Led by Switzerland

According to a report by Fintelum, a tokenization platform for primary issuance and secondary trading, 17% of security token offerings have been successful in Europe (EU + Switzerland and the UK). Granted, it is still very early in the digital asset realm so while the… Read More

BTG Pactual & Dalma Capital Set to Utilize Tezos For Security Token Offerings

Blockchain project Tezos Foundation announced last week that Banco BTG Pactual S.A., Latin America’s largest standalone investment bank, together with Dalma Capital, a prominent Dubai asset manager, will be using its platform for Security Token Offerings (STOs), including the ongoing REITBZ STO. Tezos reported that… Read More

Why You Shouldn’t Leave a Key Under Your Crypto Doormat: The ERC-1400 Double Standard

Just because you live in a safe neighborhood, do you leave your house unlocked? Do you leave the key under the doormat? Does that sound safe? Then why would you leave your digital assets in a vulnerable account where a company could just walk in… Read More

Blockstream Announces Imminent Launch of Securities Platform on the “Liquid” Bitcoin Sidechain

Blockstream, builder of Bitcoin satellites and financial contributor to Bitcoin Core, the project committing the majority of support for Bitcoin, announced at Consensus last week that it is launching a digital securities platform on the company’s “Liquid” sidechain. According to a company press release, “The… Read More

Hong Kong Securities and Futures Commission Issues Statement on Securities Token Offerings

The Hong Kong Securities and Futures Commission (SFC) has issued a statement intended to guide issuers, intermediaries and investors engaging with security token offerings (STOs). In short, STO issuers and intermediaries: must be Type 1 licensed or registered to deal securities in Hong Kong or… Read More

Spice VC Ranked 6th in Most Active VCs List in Israel

Crypto proponent Spice VC has been recognized as a top VC in Israel, according to a report published by IVC Research Center. Spice VC is the first ever tokenized VC fund and claims to be the 4th security token ever issued. Israel has been labeled… Read More

Doug Ellenoff Comments on FINRA’s Priorities Letter & Intent to Target Online Securities Platforms, Points a Finger at ICOs

FINRA recently posted their annual Risk Monitoring and Examination Priorities Letter. As part of the letter, FINRA stated they would be evaluating how firms conduct suitability analyses as well as communications and AML requirements for both Reg D 506c and Reg A+ offerings. These two exemptions… Read More

Monetary Authority of Singapore Shuts Down Security Token Offering that Did Not Comply with Advertising Restrictions

The Monetary Authority of Singapore (MAS) has shut down a security token offering (STO) for a “regulatory breach.” MAS said the issuer in question failed to comply with advertising restrictions. Specifically, the STOs legal advisors promoted the offering on LinkedIn calling attention to the offering…. Read More

Security Token Software Provider Horizon Globex Announces First Sale of CustodyWare License to V Stock Transfer

Horizon Globex US,  a security token software provider, has signed its first deal to license its internally developed software solution, CustodyWare, to V Stock Transfer, an SEC-registered transfer agent and registrar. VStock will now be able to take custody of tokenized securities issued pursuant to… Read More

ICOs 2.0: Security Tokens Set to Take Centre Stage

Make way for the next generation of blockchain crowdfunding Alongside the rise of Bitcoin and other cryptocurrencies, Initial Coin Offerings (ICOs) saw explosive growth in 2017, with more than 1,500 ICOs raising a combined total of over $28 billion in the last two years alone…. Read More

Security Token Offerings: A Cautionary Tale of Reg D Offerings

In 2012 the Jumpstart Our Business Startups (JOBS) Act was signed into law by President Barack Obama. It required the SEC to write rules and issue studies on capital formation, disclosure, and registration requirements. There were three main areas that the investment community took notice… Read More

Report: Are ‘Smart Security Offerings’ the Evolution of Capital Formation?

Just published today is a presentation created by Ownera, NovaBlock Capital, and the Security Token Summit that outlines the evolution of capital formation with Security Token Offerings (STOs) or “Smart Security Offerings” being the most evolved iteration to date. While the initial coin offering (ICO)… Read More

A Potential Pathway Forward for U.S. Initial Coin Offerings

This summer, with little fanfare, the North American Securities Administrators Association (NASAA) announced some interesting and, in our view, directionally enlightened ideas on potential changes to state securities laws as they relate to secondary market trading. If you aren’t familiar with NASAA, it is a… Read More

China: WeiyangX Fintech Review

Financial Authorities Ban STOs in Beijing On December 1st, at the 2018 Global Wealth Management Forum, Huo Xuewen, director of the Beijing Municipal Bureau of Financial Work, warned that STO activities in Beijing would be seen as illegal. He said: “A new concept called STO… Read More

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