June provided us with a steady stream of developments, surrounding the digital securities sector. We saw new regulations, new platforms and services, and the demise of various others.
Regulatory Advances and Findings
Multiple regulatory bodies made news in June. This was first evident with the anticipated release of findings by the OSC, pertaining to the QuadrigaCX fiasco. South of the border, the SEC was no stranger to making waves. Not only did the Supreme Court weigh in on SEC capabilities, but news broke of the possible exodus of Chairman, Jay Clayton.
Pivots and Bankruptcies
Blockchain and digital securities are both in their infancy. As such, companies developing services around each are still finding their footing. This was on full display throughout June, as multiple companies announced either their imminent closure, or a pivoting focus.
DeFi continues to convince many that it is the first ‘killer app’ surrounding cryptocurrencies. Various companies involved with digital securities are trying to emulate this success, and find the perfect implementation for the technology. A few of these companies are banking on real estate being the perfect avenue for achieving this.
For examples of this, look no further than the recent actions of companies like Vertalo, Tokensoft, and Tokai Tokyo.
In The News
We have touched on the effects of COVID-19 various times since the beginning of the pandemic. While many have been hit hard by its effects, there are those that have made the best of a bad situation. A prime example of this is the recent successes of crowdfunding platform SeedInvest.
“Unlike venture capital firms, online fundraising platforms are perfectly situated to help startups in the current, post-COVID-19 world we are in. Online fundraising platforms are not dependent on capital from a handful of pensions and endowments, but rather a large, diverse network of investors (SeedInvest has had over 350,000 investors register for example).” – Ryan Feit, CEO of SeedInvest
Borys Pikalov, Head of Business Analytics at STOBox, took the time to pen his thoughts on what it will take for security tokens to realize their potential liquidity. This insightful article elaborates on, not only what constitutes a security token, but why they are important, and how true liquidity can be achieved.
Hirander Misra, Chairman of GMEX Group & SECDX
In this exclusive interview, we learn about the bevy of services on offer from each, GMEX Group and SECDX. Whether discussing custodial services, or strategic investments, Hirander Misra sheds light on why, and how, each company is affecting change. Read More
Around the Web
Nasdaq’s New PLatform Backed by R3, Digital Asset, Symbiont and Microsoft May Not Be What Your Think It – Forbes
To date, much of development behind blockchain and digital securities has been achieved by smaller, flexible companies. This is changing with time, though, as we are now seeing adoption among more established companies. Forbes recently touched on this, and the various benefits behind tokenization, which have captivated the imaginations of companies like Microsoft. Read More
- Investing in Genomics and CRISPR – Everything You Need to Know
- Russian Intelligence Officers Indicted – Allegedly Using Bitcoin in Cyber Crimes
- Forex Market Majors Struggle Despite Upbeat US Data
- Investing In Investing in IOTA (MIOTA) – Everything You Need to Know
- PayPal Awarded ‘Conditional BitLicense’ – To Support Spending & Trading of Bitcoin, Litecoin, Ethereum, and Bitcoin Cash