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A Month in Review – July 2019

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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.”
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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.

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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.

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Siemens to Tackle Green Energy with Swarm Capital

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Siemens to Tackle Green Energy with Swarm Capital

Sustainable Energy

Clean and renewable energy: The concept is simple, however, the execution is anything but. In an effort to aid the continued development and adoption of sustainable energy, worldwide tech giant, Siemens, has turned to a popular blockchain service provider – Swarm.

Today, this pairing of companies announced that Swarm has been tasked with developing an efficient, and effective, solution to facilitate the funding of energy projects in Africa. This task will be completed through use of the company’s recently announced premium tokenization service, Swarm Capital.

While details regarding the partnership are still scarce at this time, this is most definitely a positive announcement. Not only does it mark continued early adoption of Swarm Capital, but also the entrance of a global titan of industry in Siemens, into the world of blockchain.

Swarm Capital

Announced mere weeks ago, Swarm Capital is a service provider platform, offering premium services through a modular platform. This platform, which is built on the Swarm protocol, is meant to be a comprehensive solution for any company looking to tokenize an asset.

SWARM Announces ‘Swarm Capital’ Service Provider Platform

Commentary

In their partnership announcement, the team at Swarm took the time to comment on why blockchain is a good fit with future energy solutions through Siemens. They stated,

“One of the most compelling use cases for tokenization is in the energy sector, which has been brought to the fore lately in public discussions concerned with energy accountability, transparency, and sustainability. The energy industry is abundant with potential use cases — from the tokenization of energy itself to the digital representation of carbon emissions.”

Swarm

Swarm is a U.S. based company, which was launched in 2018. In the time since, the team at Swarm has developed a myriad of services and solutions for the digital securities sector, including specialized token standards, open protocol, and more.

Cofounders, Philipp Pieper and Timo Lehes, currently oversee company operations.

Siemens

Founded in 1847, Siemens has withstood the test of time, establishing themselves as a world leader in manufacturing and tech industries. The company has done this by continually looking towards, and planning for, the future – as evident by the partnership described here today.

CEO, Joe Kaeser, currently oversees company operations.

In Other News

For a few years now, we have seen various companies attempt to integrate green energy and blockchain. We have, in the past, detailed multiple companies that fall into this camp. While integrating blockchain and green energy in a different manner than the development discussed here today, the following articles demonstrate another avenue in which the two sectors can coincide.

CoinMint – Efficient, Green Mining

Elite Mining – The Future of Mining is Green

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CoinShares Issues Gold-Backed DGLD Tokens

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CoinShares Issues Gold-Backed DGLD Token

CoinShares made a splash across the tokenization community this week after announcing a new gold-backed token network. The network will allow investors to take advantage of the stability of gold, whilst still enjoying the added security and efficiency of a blockchain-based system.

How CoinShares New Platform Works

According to CoinShares’ executives, each token represents physical gold. To be exact, each DGLD token is backed by 1/10 Troy ounce. This gold is held by one of Switzerland’s premier precious metal traders MKS SA.

MKS SA – Swiss Precious Metals Trader

For their part, MKS SA will hold the gold reserves and allow for third-party auditing to occur. In total, the firm put aside just over $20 million in gold for the tokenization strategy. Notably, MKS SA already hosts a large precious metal trading network. Consequently, tokenizing their gold provides far more liquidity than traditional EFTs.

PIT Exchange Hosts CoinShares DGLD Tokens

PIT Exchange Hosts CoinShares DGLD Tokens

Speaking on the new tokenization strategy, CoinShares’ Chairman, Danny Masters explained the advantages of the maneuver. For one, gold is considered one of the most stable assets on the planet. Now combine that stability with the security of a blockchain network, and you get a frictionless trading system that has the capabilities to function internationally.

Eliminates 3rd Parties

Masters also discussed how CoinShares eliminates many of the third-party verification systems encountered when investing in Gold EFTs. Each of these verification steps adds costs and time to the total transaction. Now investors can eliminate these delays and save money on fees.

Gold on Bitcoin Blockchain – CoinShares

CoinShares decided to utilize the Bitcoin blockchain as its core anchor for the platform. This was a smart strategy as Bitcoin is the largest and most secure blockchain on the planet. To make the concept a reality, CoinShares incorporated CommerceBlock’s Ocean sidechain.

Sidechains Are the Biz

Sidechains such as Ocean, Liquid, or the Lightning Network allow users to conduct faster transactions with fewer fees. Also, these second layer protocols enable developers to utilize additional functionalities not found on the original Bitcoin blockchain.

Smart contracts are a perfect example of how sidechains benefit Bitcoin. Technically, Bitcoin’s blockchain can handle smart contracts but it’s far less capable than the robust capabilities found in the Ocean sidechain.

Partnered with BTC Wallet Provider – Blockchain

Another key component of the venture is a strategic partnership with the crypto wallet provider Blockchain. Blockchain needed to create a means for investors to store their gold-backed crypto easily and efficiently.

Available Now

CoinShares’ new gold-backed token is open to both retail and institutional investors. Currently, the product is available in 200+ countries via Blockchain’s crypto exchange – PIT. Notably, the platform requires AML and KYC adherence as part of the company’s regulation-friendly approach to the market.

CoinShares

CoinShares is ready to provide clients with a stable alternative in the crypto sector. The firm has years of experience connecting traders with profitable tokens. Now, CoinShares wants to take its experience and enter the tokenized precious metals markets in a major way.  You can expect to see more headlines from these developers as CoinShares’ strategy unfolds over the coming weeks.

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VeVue Signs Partnerswith CBX for Token Launch

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VeVue Partners with CBX Exchange for STO

The blockchain-based social media platform, VeVue announced plans to host an STO in the coming weeks. The company intends to expand the platform’s capabilities with the funds raised. Now content creators have a more lucrative alternative to consider moving forward.

News of the company’s intentions first broke via an October 14 press release. In the post, the company announces its new strategy and partnership. As part of the firm’s new crowdfunding approach, VeVue partnered with the hugely popular CBX exchange.

CBX Exchange

For its part, CBX will be responsible for the sales, token issuance, and distribution of the VUE token. CBX is one of the largest crypto exchanges based in the Middle East. The firm operates a fully compliant EU exchange. Developers integrated both AML and KYC protocols directly into its trading platform.

VeVue via Homepage

VeVue via Homepage

CBX recently launched a campaign with Alibaba competitor GoJoyin in which the platform secured over $10 million in funding. The experience gained in this campaign will be critical for VeVue STO’s success.

VUE STO

The VeVue STO will commence on October 28, 2019, at 4 pm PST. Interestingly, the event is scheduled to only last 48 hours. CBX intends to issue 5 million VUE tokens to qualified non-US investors. Vevue also announced that there will only be 100 million VUE tokens in total available to investors. Of these tokens, 35 million are reserved for investor purchases.

Vevue and CBX Unique Strategy

CBX and Vevue have a unique strategy for their crowdfunding efforts. The company intends to host an STO monthly moving forward. Additionally, these auctions will be Dutch-style. Basically, the official token price is set after taking in all bids.

Highest-Price VeVue STO

This strategy enables the firm to receive the highest price for the total offering. For example, investors place their bids which include the price and quantity they desire. The firm will then accept the top 5 million bids for the tokens.

VUE Token Benefits

VUE token holders receive a portion of gross revenue collected via the VeVue social media app. Consequently, investors actively earn from VeVue’s ecosystem. The App provides content creators with a revenue-generating outlet. Here, users can create and monetize content such as videos easily.

VeVue Transaction Fees

Vevue charges a 5% transaction fee on the monetized content. This fee then enters into the dividend pool from which STO investors receive payments daily. Importantly, dividends are paid in VUE tokens. This unique strategy encourages users to create high-quality content to earn more tokens.

Next Level Social Media

Traditional social media doesn’t allow users the opportunity to earn from their content contributions.  In fact, the current social media giants provide content creators with zero payment for their efforts.

Social Media Heat

VeVue’s timing is impeccable as social media giants such as Facebook continue to confront lawmakers over a myriad of concerns. Facebook, in particular, appears to be in the target of regulators after announcing plans to issue its own native cryptocurrency called the Libra.

A Better Social Media Alternative

VeVue appears to have unlocked a better way to social media for everyone. Providing users with an opportunity to earn tokens for their content is a smart concept that has proved to be a great alternative in the past. You can expect to hear more from VeVue in the coming weeks as its STOs hit the market.

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