Filing with the OSC
Today, a pair of Canadian companies has filed with the Ontario Securities Commission for approval in launching a digital-asset platform. This filing was completed by, both, Omega Securities and 4C Clearing Corporation.
If approved, this pairing of companies should work well together, in providing investors with a comprehensive platform, tailored specifically towards digital assets.
Expansion of Services
With regards to Omega, this filing represents an expansion of services already offered. The expansion will allow for the inclusion of digital assets, in their longstanding ATS.
In doing so, the company will open support for security token offerings, along with leading cryptocurrencies.
In their filing, 4C looks to provide a suite of ancillary services, which work to provide clients with a comprehensive platform. These services include, not only a custody solution, but clearing and settlement capabilities as well.
“We continue to move our digital asset marketplace and our clearing, settlement and custody solution for regulated investment dealers forward. The filing of Omega’s F2 and 4C’s request to operate as a clearing agency are natural next steps. We continue to receive support and positive feedback from the regulated investment dealer community and look forward to launching the platform in due course”
Omega Securities is a Toronto based company, which was founded in 2007. In the time since, Omega has established themselves as an innovative company, providing their clients with a variety of investment based services.
4C Clearing Corporation
4C is another Canadian company, based in Toronto. Launched in 2017, 4C was founded by Laurence Rose – the Chairman of Omega Securities. This young company is looking to establish themselves as a diverse option for companies in need of services such as clearing, settlement, custody.
Ontario Securities Commission
The OSC is the Canadian variant of the Securities and Exchange Commision (SEC). This regulatory body, however, governs the Province of Ontario. The OSC is responsible for, not only the protection of industry participants, but for establishing a fair and transparent market.
While their influence in the industry may be unmatched within Ontario, this may change in the future. There have been rumblings in recent months, regarding a restructuring of regulatory bodies, such as the OSC within Canada. Check out the article below to learn more about the potential fate of the OSC.
In Other News
Beyond the two companies discussed here today, Canada has shown a proclivity for producing companies within the world of digital assets. Here are a few articles discussing companies based out of Canada, and what they have accomplished in recent months
Securitize Increases Ties to Japan through First Acquisition
Japan is Calling
Over the past few months, we have seen an increase in activity surrounding digital securities, within the island nation of Japan. One company which has found themselves at the center of these developments, on multiple occasions, is none other than Securitize.
Securitize has continued along their path into the country with another recent acquisition of a small company, known as BUIDL.
Details of the Acquisition
For the time being, details on the acquisition are scarce. Securitize has not divulged the amount of money this move required, nor the amount of equity they acquired.
What is clear, however, is that companies are showing an increased interest in Japan, since steps were recently taken to clarify the framework surrounding the digital securities sector.
What do they offer?
What is known is that BUIDL is a blockchain tech provider, in addition to being a consultation firm. The company’s marquee product is known as ‘Shiedl’, and operates as a blockchain based network analysis and compliance tool.
Securitize indicates that this move is about helping more than just themselves, but the industry as a whole. In the hands of Securitize, and the influence they hold on the industry, BUIDL has the ability to greatly help grow digital securities within Japan.
With this acquisition marking an important step taken into Japanese markets, Securitize CEO, Carlos Domingo, took the time the comment. He stated,
“By acquiring BUIDL, a proven security token leader and blockchain innovator in Japan, Securitize is immediately better positioned to help develop the institutional-grade security token industry in Japan, Asia and beyond.”
Operating out of Tokyo, Japan, BUIDL was founded in 2018. Above all, the company specializes as a blockchain consulting firm with a focus on developing real world application for the technology.
CEO, Jun Hasegawa, currently oversees company operations.
Based in the United Stated, Securitize is an issuance platform which was founded in 2017. In the time since, the company has established themselves as a leader within the sector. This was achieved through ,not only the development of their own platform, but through strategic collaborations and acquisitions, such as the one discussed here today.
CEO, Carlos Domingo, currently oversees company operations.
In Other News
Securitize is not the only company attempting to develop the digital securities sector within Japan. We recently reported on a nearly 100 year old investment firm, Tokai Tokyo, and their foray into the industry.
GreyP Scores with NeuFund STO – Black One Entertainment On Deck
While never intended to be a financially large scale STO, the event was important, as it demonstrated the effectiveness and potential for digital securities to change the way smaller, private companies raise capital.
Just prior to the launch of the STO, we detailed the events which made it possible. In the following article you can learn more about the clearance given to NeuFund by the FMA, and what it means for the platform, moving forward.
Due, in large part, to their successes, NeuFund continues to see strong growth in their client base. The company indicates that their platform investor pool now totals great than 11 thousand individuals. This growth should result in a snowball effect, as issuers are attracted to the platform due to the scope of investors. More STOs will then draw in more investors – and the cycle continues.
Details of the Raise
With regards to the GreyP STO, there were various positive figures that came out of the events. The following are a few of the details surrounding participation:
- 1017 participating investors
- Hailing from 34 different countries
- €4million raised
- Represents 179% of the target cap
This early in the developmental stage of the digital securities sector, any successful STO is an important feat. With every positive and negative experience, industry participants can adapt and grow. Recognizing the importance of the GreyP STO, Zoe Adamovicz took the time to comment by stating,
“It’s an exciting day for Neufund and huge step forward for the security tokens industry at large. We have proven that private companies can effectively utilize blockchain IPOs, whilst lowering the barrier to entry for retail investors. Neufund is the future of stock exchanges.”
Speaking with Zoe
Earlier this year, we were able to complete an exclusive interview with the CEO of Neufund – Zoe Adamovicz. In this discussion, we learn more about NeuFund, themselves, as well as the views of Adamovicz herself.
“Blockchain is one of the greatest opportunities we’ve been presented with in modern history. Decentralization is ultimately about equalizing opportunities, so a young entrepreneur from the third world receives the same access as a wealthy investor. Building solutions that perpetuate the mistakes of existing markets solely for the purpose of increasing revenues is not enough. We, as a Blockchain community, can and should do better.”
Operating out of Croatia, GreyP is a tech company, which was founded in 2013. Above all, the team behind GreyP is working to redefine ‘smart mobility’. This technology has led the company to utilize e-bikes as a development platform.
CEO, Mate Rimac, currently oversees company operations.
Maintaining headquarters in Berlin, Germany, NeuFund is a popular digital securities issuance platform, which was founded in 2016.
CEO, Zoe Adamovicz, currently oversees company operations.
In Other News
NeuFund has also announced their follow-up to the successful GreyP event. This will see Black One Entertainment look to repeat this success in early 2020. While a firm date has not been announced for this STO, more information can be found in the company’s pitch deck, HERE.
Horizon Globex Eyes Growth through Series A
One of the leaders within the digital securities sector – Horizon Globex – has just announced the launch of their Series A raise.
This move represents the first time that ownership in Horizon Globex has been made available to outside investors. It marks an important juncture for Horizon Globex, as they look to ramp up their operations through various means.
By taking this step, it validates the hard work that the company has put in over the past few years. No longer are they simply an idea with great potential. They are now a company with various strategic partnerships, working products, and growing levels of adoption (primarily through technology licensure).
Details of the Raise
Over the course of this raise, the company hopes to generate up to $5 million in investments. The event will be structured in accordance with Reg D (rule 506).
Horizon Globex notes the following areas as those which will benefit from the funds generated:
- Global expansion of digital marketplaces
- Research and development
- Strategic acquisitions
- Sales and marketing
- Develop a Multi-Lateral Trading Facility (MTF)
The Game Plan
Looking forward, Horizon Globex indicates that their intention is to generate future revenue streams through the licensure of their tech solutions. The funds generated in their Series A are noted to be used to further develop these solutions. The following are a few examples of the solutions they offer:
- Open Order Book
Horizon Globex CEO, Brian Collins took the time to elaborate on their Series A, and what it is they are trying to do. He stated,
“We’re gearing up to help power a globally connected network of regulated blockchain-trading venues which we believe have the potential to drive the next generation of secondary market liquidity…We are thrilled to give investors the opportunity to own a stake in our fintech business as well as in any future growth in our software licensing business…Capital markets are evolving right now, and we believe that Horizon is at the forefront of this evolution with our proprietary end-to-end suite of blockchain solutions and services that deliver a harmonized rule-book for transparent secondary trading of securities using a blockchain.”
Speaking with Brian
We were fortunate to have completed an exclusive interview earlier this year with Horizon Globex CEO, Brian Collins. In this discussion we learned more about various solutions developed by the company.
Founded in 2010, Horizon Globex is a ‘software-as-a-solution (SaaS) provider, which operates out of Zug, Switzerland. In the time since their launch, the company has managed to develop a diverse stack of blockchain based solutions, meant to serve the nascent digital securities sector.
CEO, Brian Collins, currently oversees company operations.
In Other News
Going back to the Horizon Globex game plan of licensing their solutions – they already have a track record of successful pulling this off. In recent months, we reported on, both, the development of their exchange software and its subsequent licensure to the Antiguan Government. Check out the following articles to learn more.
- Christian Platzer, Co-Founder & Managing Partner of Black Manta Capital – Interview Series
- The Managed Stablecoins are Securities Act of 2019 H.R. 5197
- Max Crowdfund STO Promises to Fuel Tokenization Revolution
- Securitize Increases Ties to Japan through First Acquisition
- The Future is Bright for Bison Trails as Series A Nets $25.5M