Connect with us

Monthly Update

A Month in Review – August 2019

mm

Published

 on

month in review

Digital Securities in August

August brought various positive developments within the digital securities sector.  While there were a few hiccups experienced, these were not big enough to overshadow the continued adoption of digital securities that is being seen.  This edition of ‘The Digital’ highlights exclusive interviews from industry participants, as well as a look at various announcements made throughout the past 31 days.

Partnerships

Vertalo was hard at work this past month, as they announced multiple strategic partnerships.  These newly formed alliances will see both, the adoption of Vertalo’s services, and their use of services from another.

Vertalo and InvestReady to Address Verification / Accreditation

Prime Trust to Utilize Various Services Provided by Vertalo

Spotlighting

While the pace at which companies are announcing STOs is far slower than the heyday that surrounded ICOs, there are still plently of participants.  The following are a pair of small companies looking to blockchain technologies in an attempt to build their unique offerings.

CurioInvest – Fractional Fine Automobile Investing

Elite Mining – The Future of Mining is Green

Licensure

Securitize, arguably the leading company within digital securities, received new licensing this past month.  The company successfully received the blessing of the SEC to act as a transfer agent.  The following article looks at their path towards this development, and what it means moving forward.

Securitize Receives SEC Transfer Agent Approval

Down But Not Out

tZERO, a product of Medici Ventures, was on the receiving end of bad news this month.  In what has been a long and tedious process, it was divulged to investors that an investment within the company by Makara Capital was withdrawn.  Despite this setback, tZERO remains a promising company, with a bright future.

Makara Capital Withdraws Planned Investment from tZERO

In Other News

BlockState Gains Clarity on STO Taxation within Switzerland

One of the few companies to see continued development and adoption through ‘crypto winter’, Stratis has announced that they will be bringing support for STOs.  This support will come through tweaks to their recently released ICO platform.

The team states, “…issuance and the profit on the sale of own shares through a security token offering in this specific case does not trigger profit tax and added-value tax, but security issue tax. This is a unique tax clarification for the BlockState’s security token offering model and marks the first time that a Swiss tax authority has issued a ruling on the tax classification of an equity STO.” Read Here

MERJ and Globacap Target Expansion in Europe

With operations going well in their home of Seychelles, MERJ has made it known that they intend to expand on a global scale.  In their attempt to do so, they have partnered with Globacap.

MERJ CEO, Ed Tuohy, stated, “We will be the first entity anywhere in the world to hold an initial public offering of security tokens,” said Edmond Tuohy, CEO of MERJ Exchange. “For this ground-breaking event, it is essential for MERJ to have a partner on board with the right technology, systems and approach to grasp the significance of this milestone for financial markets. Globacap are among the leaders who are really executing in this space and that resonates well with us.” Read Here

Interviews

Luc Falempin, CEO of Tokeny

In this exclusive interview, we speak with Luc Falempin.  As the acting CEO of one of Europe’s most promising companies involved in digital securities, he brings unique insights to the table. Read More

Stephen McKeon, Assoc. Professor of Finance at the University of Oregon 

In this interview, we discuss both, the potential of digital securities, and their most appropriate implementations.  Through his various roles, Stephen McKeon is able to provide unique insights into where the industry is, and where it will go. Read More

Education

Titles and Designations Among Industry Participants

With Securitize recently being awarded licensure, making them transfer-agents, we thought it a good time to discuss various designations doled out to industry participants.  The following article does just this. Read Here

Around the Web

Former Visa Exec Speaks on the Future of Security Token – Finance Magnates

In this interview, Roel Wolfert, a former Visa Exec, speaks on security tokens, and where he sees them going in the future. Read More

 

Spread the love

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Monthly Update

A Month in Review – October 2019

mm

Published

on

month in review

Digital Securities

October was a positive month for the digital securities sector.  It has become increasingly apparent that Europe is leading the charge in the development, and adoption, of services revolving around digital securities.  This edition of ‘The Digital’ highlights some of these EU based developments, as well as a few key interviews from industry leaders such as tZERO CEO, Saum Noursalehi.

Partnerships

Keeping on point with European influence within the sector, October saw Canadian based, DigiMax, partner with German based, Black Manta Capital.  This alliance was forged with the specific goal of DigiMax to expand operations across the Atlantic.  DigiMax looks to utilize licensure held by Black Manta to facilitate this expansion.

DigiMax Eyes European Expansion through Black Manta Partnership

Tokenized Real Estate

Not content on transforming digital securities in North America, alone, tZERO looks to expand their influence into the United Kingdom.  This path begins with their newly announced partnership with Alliance Investments.  This move, which will see a 180 unit luxury property tokenized, is being heralded as the first of many moves expected to see $640 million worth of future real estate tokenized.

Two-Way Street

While European based developments dominated October, there were examples of companies expanding across the pond in the other direction.  A prime example of this is the decision by London based, Smartlands, to enter the United States.  This move, made possible through a partnership with IIP Securities, is simply one step towards the eventual global expansion of this promising company.

In Other News

As Support Dwindles, Will Libra Flame Out?
With continued pushback from, both, U.S. and European based regulators, many have begun to doubt the viability of Facebook’s Libra project.  This fear and doubt has led to various early backers removing their support for the endeavour, despite remaining optimistic for its future.
 
One company removing their support is Stripe, which stated,  “Stripe is supportive of projects that aim to make online commerce more accessible for people around the world. Libra has this potential. We will follow its progress closely and remain open to working with the Libra Association at a later stage.”  Read Here
Industry Participants Finding Footing within Evolving Digital Securities Sector
With the nascency of the digital securities sector, it should come as no surprise that many companies are still finding their place in the industry.  Much like Libra experiencing hurdles on their road to adoption, a variety of companies have seen high level talent switches as they adapt and grow. Read Here

Interviews

Saum Noursalehi, CEO of tZERO
In this exclusive interview, we speak with Saum Noursalehi.  A seasoned professional, Noursalehi is the former President of Overstock, and current CEO of industry stalwart, tZERO.  This discussion touches on, not only his personal journey, but the past and future goals of tZERO. Read More
Paul Claudius, CEO of BlockState 
In this interview, Paul Claudius discusses the various sectors which digital securities stand to transform, and the role that BlockState will play in this. Read More
Philip Moustakis, Counsel at Seward & Kissel LLP 
Here, Philip Moustakis shares his approach towards digital securities, molded through experience as former senior counsel at the SEC’s Division of Enforcement. Read More

Education

The Howey Test: The Fine Line Between a Security Token and a Utility Token
In a contribution to our ‘Thought Leaders’ series, Constantin Kogan took the time to elaborate on key, and subtle, differentiators between what constitutes a security vs utility token. Read Here
Sufficient Decentralization and Security Tokens

With the SEC coming to various settlements with companies in October, Derek Schloss takes a closer look at their stance and interpretations of these situations.  How did these events vary, and what does it mean moving forward? Read Here

Around the Web

The Global Digital Securities Ecosystem – A comprehensive study of the market (2019) – BlockState
In an analysis of over 200 companies involved with digital securities, Germany based, BlockState, shared their findings with the world.  This study indicated that, while not far behind, the United States does indeed trail European nations in the development and acceptance of the digital securities sector. Read More
Spread the love
Continue Reading

Monthly Update

A Month in Review – September 2019

mm

Published

on

month in review

Digital Securities

While September brought us a decent share of positive news surrounding digital securities, it also saw the culmination of various charges levied by the SEC.  This edition of ‘The Digital’ highlights a few of these instances, in addition to exclusive interviews from industry participants.

Partnerships

Building on an August which saw Vertalo establish partnerships with both, Prime Trust and InvestReady, they continued their expansion into September.  This continuing work, notably, saw the Texas based company integrate insurance services provided by Assurely.
Vertalo Integrates Insurance Software ‘TigerMark’ by Assurely

Spotlighting

While various banks have been dabbling in blockchain for years, this month saw multiple large European banks take large steps forward.  While Spanish bank, Santander, was trialing ETH based bond issuance, Germany’s Boerse Stuttgart launched a digital exchange to search the industry.
Santander Completes Fully Digitized $20M Bond Settlement

Boerse Stuttgart Launches Digital Exchange

Licensure

With industry competitor, Securitize, recieving their ‘transfer agent‘ approval last month, U.S. based Harbor had no intention of being left behind.  In mid-September, the issuance platform was successfully designated a Broker/Dealer.  This new title brings various benefits, allowing for new avenues of expansion to be explored by Harbor.

Harbor Square Investments Approved as Broker/Dealer

Down But Not Out

Last month, we touched on the battles being fought by tZERO,, and we will continue to do so here, as the situation has continued to evolve.  While August saw the loss of major investments, along with a CEO, September brought accusations of nefarious activity and lawsuits.

Overstock.com Executives Face Securities Fraud Lawsuit

In Other News

Kik Hunkers Down for Fight with SEC – Shuts Down Messaging App

As the SEC continues to chase down potential offenders, one target has decided to fight back.  Kik, has taken bold moves this past month, as they looks to streamline their operations by shutting down their messenger app.  This is being done to channel their resources towards their fight with the SEC.

The team spoke on the impact this case is having, stating, “These are hard decisions. Kik is one of the largest apps in the US. It has industry leading engagement and is growing again. Over 100 employees and their families will be impacted. People who have poured their hearts and souls into Kik and Kin for over a decade.” Read Here

SEC Zeroes in on ICOBox Activity, Filing Multiple Charges

The SEC has shown that they are not just interested in giant ICOs and large companies.  They have no issue filing charges against anyone committing infractions.  In this instance, their target was ICOBox, and their 2017 ICO.

Michele Wein Layne, of the SEC, stated, “By ignoring the registration requirements of the federal securities laws, ICOBox and Evdokimov exposed investors to investments, which are now virtually worthless, without providing information that is critical to making informed investment decisions.”  Read Here

Interviews

Daniel Liebau, Founder of Lightbulb Capital

In this exclusive interview, we speak with Daniel Liebau.  A multi-faceted individual, Daniel Liebau is not only the Founder of Singapore based Lightbulb Capital, but a Ph.D. candidate, and University lecturer, among other accolades. Read More

Myles Milston, CEO of Globacap 

In this interview, Myles Milston shares his views on the industry, while providing various insights into the goals of Globacap. Read More

Moresh Kokane, CEO of Konkrete 

Here, Moresh Kokane touches on real estate, and how digital securities stand to change the industry. Read More

Education

Titles and Designations Among Industry Participants

We shared this article last month, when Securitize was approved as a transfer agent.  It is still as relevant as ever this month, with Harbor becoming an approved broker/dealer.  This article gives a brief description on what some of these titles and designations entail. Read Here

Around the Web

NBA Rules Nets’ Spencer Dinwiddie Can’t Convert Contract into Digital Investment – Bleacher Report

This piece comes from a popular sports outlet, speaking on the NBA and their stance on the tokenization of player contracts.  Blockchain enthusiast, Spencer Dinwiddie, is determined to achieve his goal in doing so. Read More

Spread the love
Continue Reading

Monthly Update

A Month in Review – July 2019

mm

Published

on

month in review

Digital Securities

July was a healthy month for the digital securities sector.  We were greeted with, not only new STOs/DSOs, but the successful completion of others.  Read on to learn about these developments, as well as gain insight into industry players through our exclusive interviews.

Partnerships

In an on-going effort to provide clients with as well rounded an experience as possible, the sector remains rife with partnership announcements.  The following examples demonstrate the global reach of the sector as the companies call different continents home.
DigiMax & Entoro to Collaborate as Advisors on Digital Security Offering

Smartlands Teams Up with ECN CrowdCamp

Licensure / Regulations

While June brought us the announcement of Facebook;s Calibra project, July saw increased levels of scrutiny on the move.  The following articles discuss whether Libra tokens will ever launch, and the overall impressions gained from a meeting on Capitol Hill.

Will Facebook Subsidiary, Calibra, See the Light of Day?

Key Points from the Facebook Libra Senate Hearing

Talent Acquisition

While the SEC lost a key member of their team in Robert Cohen, various players in the digital securities sector onboarded talented individuals.  Vertalo and tZERO led the way in this regard.

Vertalo and tZERO See Influx of Talent as Multiple Hirings are Made

In Other News

Highlighting this month’s newsfeed were endeavours related to the real estate industry.  It is widely viewed that real estate is the perfect asset, which can stand to benefit from an influx of technology such as blockchain, due to being low in liquidity.  Various companies have made it their mission to tokenize real estate, resulting in some successes and some big announcements.

Luc Falempin, CEO of Tokeny, states, “We see real estate as one of the key asset classes that drives the adoption of tokenization. Tokenization brings the opportunity to a wider group of investors and in the long term will bring liquidity to an asset where it has been non-existent.”

Fundament Group to Issue €250 Million in Security Token Backed by German Real Estate

Luxembourg Home to Real Estate Sucessfully Tokenized through Tokeny

Interviews

Ed Tuohy, CEO of MERJ Exchange Limited

MERJ is a global financial exchange which is scheduled to launch digital assets and security token markets in the near future.  CEO, Ed Tuohy, took the time to discuss with securities.io what MERJ is bringing to the table. Read More

Mikko Ohtamaa, Cofounder & CTO of TokenMarket

TokenMarket is a Gibraltar based crowdfunding platform, with a focus on blockchain based ventures.  Cofounder and CTO, Mikko Ohtamaa, discussed his experience in the industry, and what TokenMarket has to offer clients. Read More

Education

The Need for Interoperability in Security Token Protocols

Alice Henshaw penned an article for securities.io discussing industry needs moving forward – mainly the need for interoperability.  With years of experience as a smart-contract engineer, working on projects such as Fluidity (AirSwap, DeFi), Alice has developed an intimiate knowledge of the hurdles faced by the digital securities sector.  Read her thoughts on why interoperability is crucial.

“Until we have an agreement between protocols on how investor information is stored and updated both on-chain and off-chain, there will remain significant friction throughout the registration and investment processes for all parties involved.”
Read More

Around the Web

U.S Lawmakers Are Realizing They Can’t Ban Bitcoin – Forbes

In this article, Forbes details a high-profile hearing, featuring Circle’s CEO, Jeremy Allaire, speaking on the importance of blockchain in front of congress.  During the course of this hearing, it became evident that lawmakers believe a ban on such technologies would be nearly impossible.

Read More

Spread the love
Continue Reading