It was recently announced by Globex, that they have successfully licenced their software ATS platform to First Growth Fund Limited. This platform is tailored specifically for dealing with blockchain-based digital securities.
Being tailored for digital securities, the platform was built with the goal of offering end-to-end services for token issuers. This means token creation, issuance, compliance, distribution, and management.
The success and totality of the platform cemented First Growth Funds’ belief in not only their products, but Globex itself. With this in mind, the aforementioned announcement also indicated that First Growth Funds Limited has purchased equity within the Globex.
In their press release, representative from each company spoke on the licensure discussed here today. The following is what each had to say on the matter.
“Capital raising using the blockchain has proven to be a massive opportunity for business and doing so in a compliant manner is in the interest of the issuer, investor and investment advisory firm. First Growth Funds believes in the importance of such an end-to-end compliance platform and, coupled with their access to institutional and wholesale investors, the sky’s the limit for their clients.”
“We see these new exclusive partnerships as an opportunity to support local companies wanting access to funding in new markets. We can also help enable and support local investment banks and advisory firms to gain liquidity of their illiquid assets. Regulatory compliance is the number one topic in this sector of late and will be even more important as the market matures. We are really looking forward to collaborating with Globex and leveraging this amazing blockchain technology to compliantly raise capital for our issuers.”
Horizon Globex is a software company situated in the heart of ‘Crypto Valley’ – Zug, Switzerland. They have been in operation since 2010. In the time since, they have grown alongside the crypto/blockchain industry, while developing solutions for investors.
Drawing upon previous experience as a CEO at Abbey Technology, Brian Collins decided to found Horizon Globex. Company operations have been overseen by Brian Collins ever since, as he occupies the role of CEO.
First Growth Funds
First Growth Funds Limited is an investment company, based out of Australia. Fund management is overseen by a board of directors. The following four individuals, comprising the board, boast a vast amount of experience in various sectors.
Anoosh Manzoori: Executive Director
Michael Clarke: Non-Executive Director
Atham Lekkas: Non-Executive Director
Geoff Barnes: Non-Executive Chairman
It should be noted that, to date, First Growth Funds is the only investment fund listed on the Australian Stock Exchange, which is licensed to deal with cryptocurrencies.
In Other News
The digital securities sector shows no signs of slowing down. This is made obvious by the increasing amount of articles detailing digital securities as one of the hottest emerging trends. With this in mind, here are a few articles detailing recent partnerships and developments with the sector at large.
VMC – Connecting the Dots of Urban Mobility
Who is VMC?
VMC is a Dutch company, looking to disrupt the mobility sector through the use of blockchain technologies.
VMC envisions a future where payment processes and usage of varying types of transportation becomes a seamless process.
The company was founded in 2017, and has since successfully developed and implemented their working platform. VMC was able to make waves in 2018 through partnerships which saw the launch of the world’s first blockchain powered bus, and blockchain enabled electric scooters.
VMC intends to utilize a two-token ecosystem, in which they distribute a utility token alongside a security token.
What is the problem?
The mobility sector is inefficient and costly. Many of the commonly used transportation services are operationally segregated. Each will use different payment providers, which more often than not are unable to provide data-sets for usage towards service improvements.
A platform/service is needed that can unify the payment process between a variety of services. A commuter needs to be able to rent a bicycle to ride to a bus station, to drive to a subway, to take them across town – all through the use of a singular, cheap, and efficient platform. Furthermore, this platform needs to provide data-sets to the companies supporting it.
How will VMC Solve it?
In their continued bid to disrupt the sector, VMC has recently announced their intent to host a security token offering. The goal of this event is to raise up to a hard cap of €5 million. This funding is earmarked primarily for use towards the continued research and development required for growth of the company.
These security tokens are digital securities. This means that token holders are entitled to revenue shares garnered from platform usage. It is important to note that these tokens differ from their utility token.
The company’s utility tokens, VAI, function as a stable coin. These are used within the platform to facilitate the payment of services, negating the need for a payment processor. As this token is exclusively used to access services through the platform, VMC is able to gather detailed analytics. This data is valuable to service providers, as they are able to gain a better understanding of their customers, and structure accordingly around them.
The platform itself has been designed to appeal to anyone. It allows for travellers to not only plan their travel, but book and pay for it as well. Throughout this process, privacy is maintained, along with convenience through mobile ticketing.
We reached out to the team at VMC to get a better understanding of the event. Jochem Verheul, CEO of VMC had the following to say.
Q: Why has VMC chosen to host an STO rather than traditional means of fundraising?
A: “With a stable token for the transactions/travel and a security token for the investment, we can capture the network effect in the security token, without harming the stability of the travel token. Distributing a share of revenue fits the principles of the blockchain industry.”
When asked about potential expansion, Jochem Verheul indicated that, “We have already opened an office in Singapore!”
The team at VMC is comprised of various accomplished individuals. Below are those that are leading the charge.
Jochem Verheul – CEO & Founder
Ruurd Somberg – CFO & Cofounder
Dick Roeffen – COO
Beyond the security token offering, VMC has a busy schedule ahead of them. In a few short weeks Jochem Verheul is scheduled to be a speaker at SGINNOVATE – a conference focusing on ‘blockchain technology implementations in mobility. Verhaul promises an announcement at that time, adding, “We are doing some cool stuff here.”
For a more detailed look at VMC, check out our token listing page. There, you will find STO details, and links to information packets such as a whitepaper.
Almond – Be the Change the Earth Needs
What is ‘Almond’
Almond is a blockchain-based company, looking to ensure a bright future for the Earth. The company offers a platform geared toward incentivising consumers to develop spending habits with an eye on sustainability. The platform is mobile-based, and can be used on both IOS and Android systems.
This free platform looks to usher in a brighter future through incentive tasks such as:
- Buying Challenges
- Thoughtful tips to utilize sustainable goods and services
- Action Challenges
- Tailoring habitual actions such as exercise, showering, etc., to reflect a sustainable attitude
- Offsetting Challenges
- Encouragement of participation in carbon offsetting activities.
By gamifying and incentivizing the completion of such tasks, it is hoped that habits will change, and we will no longer simply be ignorant to the issues at hand. Rather, we will partake in sustainable activities by default.
What is the Problem?
We live in a throwaway world. Most of us are simply ignorant to the amount of waste created every day, through normal mundane tasks and activities. This waste is often justified in the name of convenience. While some companies have begun to warm to the idea of sustainability (no more ‘one use’ items), it is still a woefully underdeveloped trait within most industries.
A large part of the problem is simply a lack of transparency afforded to consumers. People are not often ignorant due to their own choosing – you can’t know what you don’t know. The consumer goods industry needs a user friendly and effective means of communicating to the world, the level of sustainability in its products. Hopefully, by doing so, consumers can make an active choice to buy ‘green’.
How will Almond Solve It?
Almond intends to solve the problems discussed above through the continued development of their platform. To ensure constant development, the company has decided to host their own security token offering. This fund raising event will be facilitated by TokenMarket – a UK based issuance platform with a strong track record in crowdfunding.
During the course of the sale, the team at Almond intends to raise £2.4 million. They indicate that these funds will not only cover their released roadmap, but give the company a 2 year runway to achieve their goals.
Known as Almond Shares, these digital securities represent an asset that combines the perks of blockchain – transparency, immutability, efficiency, etc. – along with those of traditional investments. As such, these tokens represent not only ownership rights, but dividends as well.
Naturally, as these are digital securities being sold through the funding event, participation comes with restriction. To learn more about eligibility, make sure to visit the Almond site HERE.
Drawing upon their experience in a variety of industries, the following individuals are well poised to ensure the bright future of Almond.
The team established Almond in 2017, and continues to guide its operations today.
In a recent press release, both Oliver Bolton and Ransu Salovaara, the CEO of TokenMarket, commented on the development discussed here today.
Oliver Bolton, CEO of Almond, stated,
“Almond is designed to ensure that those who are shopping sustainably and truly changing their behaviour are rewarded for doing so. TokenMarket’s vast experience in the world of token issuance, advisory and technology meant that working with them was an easy decision. We are excited about our partnership with TokenMarket and the future ahead.”
Ransu Salovaara, CEO of TokenMarket, stated,
“Sustainable consumerism is an issue that we feel needs to be addressed. Almond’s work is truly pioneering the way in which people can shop sustainably, incentivising them to know more about what they are buying and using blockchain technology to track its supply chain. TokenMarket is proud to be working with a company that can truly help to change the way in which consumers shop.”
Those at Almond have fleshed out a roadmap that takes them from the now, into 2020. Here is a brief look at a few key markers along their path.
April 19, 2019 – Security Token Offering opens to the public
September 19, 2019 – Full platform goes live in the United Kingdom
Q1 2020 – Platform pilot launches in the United States
‘SpaceFund’ – Security Tokens for Futurist Investors
SpaceFund is a forward-thinking tokenized venture fund. If you’ve ever wanted to invest in the inevitable future of space travel, this offers the liquidity that is so often lacking in traditional space investments.
Investing in space start-ups, or even established space companies requires the foresight to understand that commercial space travel is the next frontier. SpaceX is projecting a lunar tourism mission in 2023, and Blue Origin is planning on launching space tourism in 2019.
Outside of these two industry giants there are 100s of scrappy start-ups that are competing to supply these five major sectors of space:
- Transportation on and off different planetary bodies and moving around in space.
- Communication – Transmission of data, WiFi, etc.
- Human Factors – Anything required to maintain human life in space.
- Supplies – Supply chains for both humans and robots in space.
- Energy capture and distribution for use in space or on earth.
SpaceFund will strategically invest in the companies which they believe are best positioned to take advantage of these five sectors. This solves a major problem which most investors have: lack of knowledge about this specialized field.
SpaceFund was started by a team of serial space entrepreneurs. The team has detailed knowledge of the industry and they currently manage the SpaceFund Reality Rating system which monitors 100s of companies and the probable success of the launch vehicles they are working on.
This is the industry’s first ratings system based on detailed analysis, publicly available data, and expert insights. This insider window into the industry enables them to strategically invest in companies that have a higher than average probability of success.
Another problem with investing in this sector is the long window before liquidity can be expected. Fortunately, a tokenized space fund solves the liquidity issue as these tokens can be traded on regular tokenized security exchanges such as OpenFinance.
The team is where SpaceFund differentiates itself.
Founding Partner – Rick is co-founder of several space companies and non-profits including Deep Space Industries, Orbital Outfitters, the New Worlds Institute, and the Space Frontier Foundation. He has been voted as one of the top 100 most influential people in the space industry by Space news. On top of this he has been invited for numerous Tedx talks, including the one below:
Managing Partner – Meagan is a pioneer, she has co-founded the world’s longest running space business plan competition, and has taught, coached, and advised hundreds of space startups through their earliest stages – including some of the current generation of successful companies.
The team also has some heavy hitter blockchain veterans including:
General Partner – Co-founder of 7 tech startups before 30. A pioneer in decentralized applications, he co-founded the first crypto angel investor group and co-founded the first all-crypto venture fund. He is also the founder of Yeoman’s Capital, the world’s first all-crypto family office.
General Partner – Co-founder of Factom, and advisor to Storj, Polymath, Rivetz and TrustRank.
General Partner – Founding member of the Silicon Valley Blockchain Society, and a member of the Board of Advisors for Factom.
The team behind this investment is serious about space, as they live and breathe the industry. When I asked Rick Tumlinson and Meagan Crawford if they would sign up to colonize Mars, both answered that yes absolutely they would, but that they prefer to be called ‘Settlers’.
When asked about the thinking behind a tokenized fund, they informed me that investors in blockchain understand the future and the potential for space better than traditional VCs. Being involved in this community I look forward to the success of this innovative fund.
- PCF Capital to Host $250 milllion DSO through KoreConX May 19, 2019
- Blockport STO Fails to Gain Traction – Platform to Shutdown May 18, 2019
- BitBond Opens Bounty Program for Live Security Token Offering May 18, 2019
- Poloniex Cleans House as Tokens Delisted for Fear of Being Called Securities May 18, 2019
- Blockstream to Add Support for Digital Securities on Liquid Security Platform May 17, 2019