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ABE Global takes a Unique Approach to Security Tokens

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ABE Global takes a Unique Approach to Security Tokens

Summer Launch

A new competitor is about to enter the burgeoning digital securities sector. ABE Global announced their plans today for an expected mid-2019 launch of their trading platforms.

ABE Global is based out of Atlanta. However, the company operates branches in various regions of the globe. These extend from Malta to Asia.

A Unique Approach

What is unique in the way ABE Global is approaching the market is their use of depositary receipts (DR). A ‘DR’, is a certificate issued to investors, which represents shares in a foreign company. By utilizing this asset ‘wrapper’, investors can now gain exposure to a greater amount of opportunities, in many different economies.

This ability will be realized through the progressive nature of Maltese finance. Any asset listed on the Maltese branch of the ABE Global platform will become accessible through DRs, on the Asian and American branches.

While DRs are commonplace within traditional finance, this will mark the first time that they are being used within the digital securities sector.

Commentary

ABE Global CEO, John Pigott, took the time to speak with CoinDesk regarding their platform launch.

Speaking on the benefits of their methodology, Pigott stated,

“It offers a very clear departure from the era of ICOs, and it appeals to one of the global advantages of tokens…For example, there are a lot of Singapore investors that would like to hold the U.S. real estate, and a lot of American investors that would buy real estate in Singapore.”

ABE Global

ABE Global is a new entrant to the world of blockchain. Despite the age of the company, and the industry for that matter, ABE Global touts vast amounts of financial experience through its founding partners.

ABE was founded in 2016 by the following trio of professionals:

John Pigott

Joel Blom

Roderick Psaila

Competitors

With the allure and potential of digital securities, it should come as no surprise that there have been multiple companies entering the market in recent months. Below are just two of the most established thus far. Each of these is ahead of the pack, as they already support secondary market trading of security tokens.

In Other News

Trying to appeal to global markets is a difficult task. In doing so, regulations of various standards must be adhered to. This has led to multiple companies developing innovative ways to give investors access to global markets. Aside from ABE Global, another company to have done this is the recently launched DX.Exchange. While their delivery may differ, each of these companies has taken unique routes to achieve their goals. Check out the articles below to learn more about DX.Exchange.

DX.Exchange Partners with Perlin to Open Up New Markets

DX.Exchange to Tokenize Publically Traded Securities

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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.

Issuers

GreyP Scores with NeuFund STO – Black One Entertainment On Deck

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GreyP Scores with NeuFund STO - Black One Entertainment On Deck

Mission Successful

On a positive note, issuance platform, NeuFund, has announced the successful completion of a marquee STO being held by GreyP on their platform.

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.

NeuFund Preps for GREYP Token Sale upon FMA Clearance

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

https://youtu.be/LhK9fSvyNm0

Commentary

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.”

Interview Series – Zoe Adamovicz, CEO of NeuFund

GreyP

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.

NeuFund

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.

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Real Estate

Tokenizing London Penthouses and Greek Island Villas

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Sotheby's

Luxury Real Estate

With multiple STOs already on the docket from a variety of asset classes, Smartlands has just announced a new collaboration, which will, hopefully, see the addition of multiple more. This move sees the UK based company partner with Sotheby’s International Realty.

This collaboration will see the pair explore the feasibility of tokenizing multiple pieces of luxury real estate. The company notes two specific properties as holding the potential for tokenization.

  • Greek Islands Villa
  • London Penthouse Apartment

While details on the STOs are scarce, for the time being, it is indicated that the Greek Islands Villa is under management by a world renowned hotel network.

This collaboration spurred Smartlands’ Executive Director, Katharine Manderfield, into commenting. She stated that, “Deals of this level of exclusivity will open a new page in asset tokenisation.”

Past Successes

While many are still figuring out their first steps within the world of digital securities, Smartlands remain one of the few companies to have successfully completed an STO. Not only that, but they are now moving on to subsequent opportunities.

Like any experiences, they have the ability to shape our future actions. Expect Smartlands to learn from their past capital generation events, and apply that knowledge to the development discussed here today. The following articles take a brief look at just what these previous successes were.

Smartlands to Tokenize Nottingham Real Estate through STO

Smartlands Team up with ECN CrowdCamp

Popular Implementation

Due to the nature of real estate, it has caught the attention of various tokenization platforms from more than just the United Kingdom. While there have been hiccups along the way – such as the failure of Fluidity and Propellr – real estate continues to be one of the more lucrative industries, which stands to be transformed by digital securities.

Despite beginning to branch into different sectors, such as commodities and disruptive start-ups, expect for real estate to remain a popular outlet on Smartlands’ path to reaching the goal of tokenizing $1 billion in assets.

Speaking with Arnoldas

Roughly 6 months ago, we were fortunate enough to have completed an exclusive interview with the then CEO of Smartlands, Arnoldas Nauseda. While he has since transitioned into the role of Chairman, our discussion with Arnoldas Nauseda remains relevant today, offering a glimpse into Smartlands operations.

Interview Series – Arnoldas Nauseda, Chairman of Smartlands

Sotheby’s International Realty

Founded in 1976, Sotheby’s International Realty is a United Kingdom based company. While many associate the name Sotheby exclusively with fine art, there are company branches, such as Sotheby’s International Realty. This branch specializes in facilitating the buying/selling of real estate, with a presence in over 60 countries.

CEO, Philip A. White, currently oversees company operations.

Smartlands

Founded in 2017, Smartlands is a tokenization platform, which operates within the United Kingdom. Through use of the Stellar blockchain, this forward thinking company has developed a variety of solutions built to make fractionalized ownership of real world assets accessible to the masses.

CEO, Ilia Obraztsov, currently oversees company operations.

In Other News

Not content with opportunities based solely in the United Kingdom, Smartlands recently took their first steps towards operating within the United States. These steps were taken by forming an alliance with a U.S. based broker/dealer, bringing support for state-side investors on their platform.

Smartlands Set for Expansion into U.S. with New Agreement

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Security Tokens

World Chess to Host Hybrid IPO through Securitize & Algorand

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chess

World Chess

We have noted and commented, on various occasions, that the digital securities sector is seeing an influx of interest from industries that greatly vary.

We are now greeted with news that World Chess is looking to host a ‘hybrid IPO’, which will see the sale and distribution of security tokens as a precursor to an eventual IPO.

Hybrid IPO

This offering stands to be particularly unique, as it is being called a ‘hybrid IPO’.  What this will entail, is a multi-step capital generation process, which will utilize, both, traditional means of raising funds alongside an infusion of blockchain technology.

With the help of Algorand and Securitize, World Chess CEO, Iyla Merenzon, has announced that the company will be hosting an STO shortly.  This is a first step towards preparing the company for their eventual IPO and entrance into E-Sports.

In the upcoming STO, it is expected that World Chess will be selling roughly 5% of their company represented by security tokens.  Investors will retain the ability to convert these tokens into traditional shares once an IPO takes place.  Due to the infancy of the digital securities sector, investors/early adopters in the tokens are expected to gain access at a ‘discount’ when compared to an expected IPO share price.

E-Sports

With the rise of E-sports in recent years, chess stands to benefit.  This potential for growth, and introduction to new markets, is the reasoning behind the decision to host a hybrid IPO.

Ilya Merenzon indicates that the funds generated from the event will be used to support the growth and adoption of chess within E-sports.

History of Chess

Not many games manage to persevere through the ages, retaining an audience.  Most are a product of their time, and simply don’t age well.  Chess, however, is not one of these.

Arguably the most well-known game throughout the world, Chess saw its beginnings in India over 1400 years ago.  Discoveries regarding its origins are still being made today, with reports of what is believed to be the oldest surviving chess piece recently surfacing.

The love for Chess remains today, as the game has become viewed as historically and culturally significant.  This has resulted in a lucrative collectors market surrounding the game – recently made evident by the discovery of a Chess piece valued at $1.3M.

Current Champ

The game itself is not simply a relic which remains popular due to its historical significance.  Today, there remains an active population of players, with a few being true masters of the game.

As with most sports, there are usually one or two players in each generation that stand apart from the rest as true masters.  Magnus Carlsen – the current chess world champion – is viewed by many as such a player.

Magnus Carlsen is a 28 year old Norwegian, who first became world champion at 22 years of age.  To learn more about his unique and fascinating mind/skillset, streaming giant Netflix hosts a documentary detailing the champion.

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