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BitBond Gains Approval of BaFin to Host Security Token Offering




BitBond Gains Approval of BaFin to Host Security Token Offering

BitBond STO

BitBond has recently announced that they have been granted approval by the German regulator, BaFin, to host the first STO under their watch. This announcement has been in the works for a long time, ever since receiving their licence through BaFin in 2016.

This fund raising event is being undertaken in an attempt to continue developing at pace, allowing for BitBond to remain leaders in their sector.

The Finer Details

The Token sale will see the company attempt to raise up to €100 million – with a minimum of €3 million. The digital securities to be distributed through the sale will be known as the BitBond Token, or ‘BB1’.

For those interested in investment, token holders are entitled to various benefits. These include quarterly interest-based dividends, totaling 4% per year. The investment is intended to be a ten year venture, with tokens being bought back at €1 each upon maturity.

The token itself is based off of the Stellar blockchain. The BitBond team indicated that after tokens are distributed, secondary market trading will commence on decentralized exchanges. The ability to do so will afford token holders with liquidity typically seen when dealing with securities.


When speaking with CryptoNinja recently, CEO, Radoslav Albrecht, commented on the development discussed here today. The following is what he had to say on the matter.

“We are the first regulated blockchain company to set new standards. It is important for us to show investors who trust our platform that we act according to transparent rules.”


The overall mission of BitBond is to utilize blockchain technology to create an efficient and frictionless financial platform. To date, this has taken shape primarily as a platform which facilitates business loans for small and medium enterprises (SMEs).

Company operations are spearheaded by CEO, Radoslav Albrecht. Drawing upon experience gained as a professional trader and advisor, Albrecht and his colleagues have seen their company grow to the point of issuing over $1 million in loans per month.


BaFin is a European based financial supervisory authority. They service various sectors, ranging from insurance, to banking, and of course, securities. In doing so, the company employees north of 2,600 employees – making it one of the largest regulatory bodies of its type.

In Other News

This STO marks just one in a growing list of ‘firsts’. Only recently, we spoke about Wakelet, as they become the first STO to be hosted in the UK. As more regions clear this hurdle, and begin welcoming such events, the rate of adoption will only continue to grow. Check out the article below to learn more about the Wakelet STO.

Wakelet Announces STO with AmerX

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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.

Security Tokens

A Quick Look at – The Security Token Market Secondary Trading Analysis: 2019




A Quick Look at - The Security Token Market Secondary Trading Analysis: 2019

This week, the Security Token Group released its yearly comprehensive study – The Security Token Market Secondary Trading Analysis: 2019. The study provides direct insight into the current state of security token adoption. Additionally, it sheds some light on the major hindrances encountered by investors looking to participate in the secondary market.

The study produced some interesting data. For one, the stats revealed a lack of progress on multiple fronts concerning security token adoption. The report highlighted areas of concern ranging from a lack of understanding surrounding the new technology, all the way to postponements due to regulatory approval. Perhaps the most glaring piece of data the report confirmed is a surprising lack of global investor demand for these regulated tokens.

Security Token Market Secondary Trading Analysis: 2019

As part of the Security Token Group’s comprehensive approach towards the market, researchers chose to evaluate all international jurisdictions. In this manner, the report is able to reflect a global metric of the market’s performance over 2019. This approach provided much-needed insight into the overall health and performance of the secondary markets internationally.

2019 STO Secondary Trading Market Overview

As one of the first reports published regarding 2019’s security token secondary market progress, readers are privy to a huge amount of previously unknown data. For example, the report indicates that the secondary security token market peaked in January at $229,501,221.25. Interestingly, this peak is the direct result of tZERO‘s TZROP preferred equity token trading.

Notably, by the end of the year, the secondary market experienced a 67% decline with December’s market cap at only $76,062,199.46. Currently, the total volume for the secondary markets is around $2,410,607.94. This volume breaks down into a monthly average of $214,682.90 or broken down even further, a daily average of $7,156.10.

Despite a flourishing STO market, 2019 only saw three security token exchanges go live. Interestingly, all three exchanges meet US jurisdictional compliance requirements. This data proves the growing desire of blockchain firms to enter the US markets. The three exchanges that went public in 2019 are tZERO, OpenFinance Network, and Uniswap Exchange.


The tZERO exchange entered service in January 2019. At that time, tZERO only hosted one security token, the TZROP preferred equity token. Despite the lack of variety the platform provided, tZERO maintained the highest market cap all year. As such, tZERO represented a remarkable 58% of the entire secondary market cap. Consequently, TZROP is the largest token in the industry to be traded over 2019. In addition to the most activity, TZROP also receives the title for being the most consistently traded security token on secondary markets regarding daily volume.

tZERO Performance via The Security Token Market Secondary Trading Analysis

tZERO Performance via The Security Token Market Secondary Trading Analysis

OpenFinance Network

The OpenFinance Network opened its doors a couple of months after tZERO in the first quarter of 2019. Unlike the competition, OpenFinance managed to provide investors with a selection of security tokens to trade. As of December, the exchange trades five live security tokens: Blockchain Capital,, SPiCE VC, 22x Fund, and Protos Asset Management.


Uniswap opened later in the year. Uniquely, this exchange focused on real estate-backed security tokens. The exchange hosted three RealT tokenized properties in Detroit, Michigan. Since Uniswap primarily trades real estate tokens, the exchange provides investors with a host of new and unique investment opportunities. Importantly, analysts see tokenized real estate as having unprecedented upside potential.

Security Token Market Secondary Trading Analysis – 2019

The report also shed some light on the pace at which these tokens gained popularity. Notably, the start of 2019 was strong. Importantly, there were five live security tokens trading in Q1. Despite the strong start, most of these tokens did not see daily trading. In fact, the report revealed the vast majority of security tokens only experienced a few trades per month.

Security Token Market Secondary Trading Analysis Reveals Two Truths

After reviewing all the data presented, the Security Token Market Secondary Trading Analysis proved two important points regarding security token activity on the secondary markets. One, it showed that security token infrastructure is beginning to permeate across traditional markets. This adoption is evident as many of the world’s largest institutions decided to trial blockchain tech as an alternative to the current business systems surrounding transactions and settlements.

This decision makes sense when you consider the improved efficiency and reduced costs a company gains from the integration. As examples of major institutions seeking to enter the security token sector, the report lists Santander Bank’s latest blockchain venture. Also, the tokenization of a $700B asset management firm by Franklin Templeton and Deutsche Boerse settling digital securities trades on-chain are listed.

Santander Enters Blockchain Sector via Website

Santander Enters Blockchain Sector via Website

The second, and perhaps most important takeaway from this report is that most retail investors (crypto and traditional) don’t have much interest in the current batch of security tokens on secondary markets. This lack of interests translated into the lackluster performance of most of the security tokens examined.

This dismal investor participation can be attributed to a number of causes. Analysts pointed to regulatory roadblocks, investor fatigue, and low expected returns as some of the main reasons behind the lack of participation. In turn, this disinterest translates into trading platforms struggling to provide much-needed liquidity to the sector.

Future Looks bright

While the Security Token Market Secondary Trading Analysis proved that there is much work to be done in the space, it also demonstrated that the market is developing slowly. Notably, the report showed that there are over 60 security token exchanges slated for launch in 2020. These exchanges span the globe including the United States, Canada, United Kingdom, Germany, Liechtenstein, Estonia, Netherlands, Switzerland, Gibraltar, Malta, Seychelles, Belarus, British Virgin Islands, Singapore, China, Philippines, Antigua, Jamaica, Barbados, Cayman Islands, Mauritius, United Arab Emirates, and Greenland.

Security Token Market Secondary Trading Analysis – A View into the Future

You really have to hand it to the Security Token Group. This team managed to put together a treasure trove of valuable information that is sure to help guide investors and organizations moving forward.  For now, those interested in a geographic breakdown of these statistics can find the info here.

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Oklahoma Lawmaker Nathan Dahm Sponsors Bill 1430




Oklahoma - Pro-blockchain

On Jan. 15 an Oklahoma Lawmaker by the name of Senator Nathan Dahm introduced Senate Bill 1430. The goal of the bill is to facilitate the creation of a state-chartered financial institution focused solely on digital assets. The newly created crypto depository would be exclusively for government use. Additionally, the depositary would take up the responsibility of providing financial and technical services to government offices utilizing digital assets.

According to recent reports, Senator Nathan Dahm sponsored the bill in a bid to get further blockchain integration into the government. Importantly, the bill will see a Feb. 3 first reading. Notably, this is the latest of three crypto-related bills Senator Dahm has brought forth over the last year.

Oklahoma Has Some Pro-Blockchain Officials

Senator Dahm has been one of the most active politicians in the space. His vocal support for the creation of a functioning and enforceable regulatory framework for tokenized securities received heavy media coverage throughout 2019. For example, on Jan. 25, 2019, he introduced Senate Bill 843. The bill borrowed many aspects from HB 70 that was passed by the Wyoming legislature last year. The overall goal of the new legislation is to help differentiate between open blockchain cryptocurrency transactions and tokenized securities. Unfortunately, there has been no further action taken on this bill.

Nathan Dahm via Twitter - Oklahoma

Nathan Dahm via Twitter – Oklahoma

Additionally, Dahm co-authored Senate Bill 700. This bill focuses on digital signatures and their use within the digital economy moving forward. In essence, the bill modifies the definition of an electronic record and electronic signature to fit the coming digitization of the economy.

Senate Bill 1430 – Oklahoma

While both of these bills could have far-reaching ramifications for crypto use within the state, his latest venture is by far his most advantageous. Senate Bill 1430 Dahm’s authorizes the State Banking Department and the Oklahoma Department of Commerce to work together to research, formulate and develop a new-age financial institution. This state-chartered digital asset bank is to function as Oklahoma’s primary central depository for all virtual currencies used by agencies within the state.

The new financial institution must meet some stringent requirements before its official opening. For one, the bank must integrate into existing banking and financial institution regulations. Also, the institution must encompass the highest level of expertise. In this way, the firm may provide valuable financial and technical services to blockchain and virtual currency innovators and developers moving forward.

Oklahoma – A Blockchain Haven?

These latest development highlight the unbalanced approach by state officials towards blockchain technology. Oklahoma continues to lead the pack in terms of legislation aimed at integrating this game-changing technology. This latest bill should help safely grow this innovative technology within the state.

The data gathered to date surrounding the market will help in the development of next-generation financial products in the future. As it stands today, the plans and implementation strategy submission must occur by July 1 in order for the bill to become effective by Nov. 1, 2020.

Oklahoma – A Step Ahead of the Pack

The decision of lawmakers such as Dahm to continually push for more blockchain adoption is a smart maneuver. The state could see an unprecedented upside if it becomes one of the first to provide a strong regulatory framework to the blockchain space. For now, lawmakers like Dahm continue to push for stronger regulations to promote the adoption of this revolutionary technology.

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Security Tokens

MEDsis Partner WTIA to Launch Kfinancial




MEDsis Partners with WTIA to Launch Kfinancial

The next-generation blockchain financial platform, MEDsis International announced a strategic partnership with Korean-based WTIA this week. The partnership is part of a broader strategy focused on the launch of the highly-anticipated Kfinancial platform. Importantly, the launch is set to coincide with the company’s upcoming STO.

The partnership and expansion strategy carried out by MEDsis isn’t a complete surprise. The firm announced plans for such a deal way back in December 2018. In the announcement, the company expressed a desire to develop a custom blockchain. In the end, the company decided it was more cost-effective and an overall better approach to partner with the WTIA Korean blockchain to accomplish its tasks.

MEDsis Expansion

Interestingly, the partnership strategy continues to take shape. Company officials stated that contracts, financials, strategies, pilot program results, funding, and strategic partnerships will continue to see expansion as the program develops. According to company officials, all of this information will become publicly available through the upcoming KFinancial White Paper.

MEDsis via Homepage

MEDsis via Homepage

Discussing the new strategy, Joshua Dax Cabrera, CEO of MEDsis spoke on the years of planning the firm has put into the expansion. The new partnership will provide unprecedented reach for the MEDsis platform moving forward. Cabrera explained that the new approach brings MEDsis’ global payment opportunities to the masses. Additionally, he touched on how the maneuver strengthens the firm’s current partnerships as well.

MEDsis – KFinancial White Paper

The release of the new joint White Paper associated with the STO will shed some light on the project moving forward. For its part, KFinancial will become the stand-alone payments and fintech division of the new joint venture company KFIN WTIA PTE. The new firm will operate out of Singapore. Importantly, Singapore is one of the most blockchain-friendly countries in the world currently.

Billions in Revenue

The merger will bring investors and token holders the direct rights to more than $3 billion in projected revenue. Uniquely, the STO will assign revenue and not equity toward the STO. In this way, investors receive direct access to revenues without previously anticipated equity dilution.

Discussing the merger, WTIA Chairman Keun Kim, explained the motivation behind the decision to partner with WTIA. Kim described the immense benefits obtained through the merger. He explained that the new platform brings the partnership to the world. Additionally, this new level of market confidence will help to further security token adoption globally. He ended his interview discussing the importance of job creation in the markets the firm intends to expand into first. These markets include “Argentina, Brazil, and beyond.”

A Company on the Move

The MEDsis payments ecosystem gained strong positioning in its perspective markets with this latest maneuver. The decision by company executives to focus on the underserved Latin American markets could prove to be pivotal in the space. For now, MEDsis prepares to see their products and services go global as the firm’s STO is set for a May 1, 2020 launch date.

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