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A Month in Review – October 2019

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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
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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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