Tagged: stos

September 13, 2019 @ 9:54 am By Omar Faridi  |  

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

September 11, 2019 @ 3:11 am By Omar Faridi  |  

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

August 17, 2019 @ 7:59 am By JD Alois  |  

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

May 21, 2019 @ 10:25 pm By Cali Haan  |  

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

March 30, 2019 @ 4:07 am By Cali Haan  |  

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

January 28, 2019 @ 4:36 pm By JD Alois  |  

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

January 22, 2019 @ 12:00 pm By Zhuling Chen  |  

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

January 18, 2019 @ 3:00 pm By Mark Elenowitz  |  

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

January 14, 2019 @ 1:05 pm By JD Alois  |  

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

December 18, 2018 @ 11:17 am By Doug Ellenoff  |  

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

December 8, 2018 @ 5:00 pm By Xu Gao  |  

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

December 3, 2018 @ 9:17 pm By Cali Haan  |  

At the end of a long speech about cultivating an honest and effective wealth management industry in China’s political and financial capital, Beijing, Huo Xuewen, nixed the idea ICOs (initial coin offerings) will be allowed to quickly morph into security tokens (STOs) anytime soon. According… Read More

November 19, 2018 @ 8:00 am By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC) announced enforcement actions against two initial coin offerings (ICOs): Paragon (Paragon Coin Inc.) and AirFox (CarrierEQ Inc. dba Airfox). As the SEC recounted in their Administrative filing: Airfox: “Between August and October 2017, AirFox offered and then… Read More

October 23, 2018 @ 12:00 pm By JD Alois  |  

Initial Coin Offerings (ICOs) hit the popular media screen during 2017 with stories of outrageous sums of money being raised online – sometimes under questionable circumstances. In total, according to EY, $4.1 billion was raised for the top ICOs during 2017. In 2018, that number… Read More

August 20, 2018 @ 8:24 pm By JD Alois  |  

The initial coin offering (ICO) frenzy is a starting to move beyond its toddler years. After a slow start, ICOs rocketed into public awareness with high profile funding rounds and ridiculous scams accompanied by heightened speculation on unregulated crypto exchanges. Crowdsales generated offerings in the… Read More

August 5, 2018 @ 8:36 pm By Samantha Hurst  |  

Darren Marble, CEO and founder of CrowdfundX, a firm that provides a modern spin on financial marketing for the new world of Fintech and online capital formation,  recently commented on the trends and observations in the U.S. security token market. In the write up, Marble made various… Read More