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Blockport Plans for Expansion – Announces Security Token Offering

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Blockport Plans for Expansion - Announces Security Token Offering

Announces STO

Just today, blockchain based crypto exchange, Blockport, has announced their intention to host an upcoming security token offering.

This offering is expected to take place beginning in March, and to be held on the Tokeny platform. The team’s goal is to raise a minimum of $30 million EUR. This endeavour will take place in multiple stages, with the first stage expected to bring in the first $5 of a desired $30 million EUR.

Plans for the funds involve the continued growth of the company. More specifically, the team at Blockport wants to expand into the United States and beyond. In addition, the company indicates that they intend on applying for the appropriate licencing to allow fiat-crypto services.

Blockport

Blockport maintains headquarters in Amsterdam. The company was founded in 2017 by a trio of forward thinking individuals.

Sebastiaan Lichter – Founder & Chief of Product

Kai Bennink – Founder & Chief of Strategy

Zowie Langdon – Founder & Chief of Technology

Today, Blockport strives to deliver the most comprehensive crypto trading platform for beginners and pros alike. Their unique approach includes features such as copy-trading, and more.

It should be noted that Blockport previously hosted a successful ICO as well. Those tokens, known as Blockport Token (BPT), should not be confused with the upcoming sale of digital securities. While the BPT is key to the day-to-day community utilizing the platform, they do not represent equity within Blockport. The to-be-released digital securities, however, known as Blockport Securities (BPS), will be sold under Regulation D, and represent equity shares in the company.

Commentary

Sebastiaan Lichter took the time to speak with us here at Securities.io regarding the upcoming STO. The following is what he had to say.

Why was Tokeny chosen to host the upcoming STO?

“We’re working with Tokeny since they’re one of the leading issuance platforms in the industry, and one of the few that have helped multiple companies successfully issue security tokens. Besides the technical side, Tokeny is a strong partner on legal and provides us with the right knowledge to offer our STO in multiple jurisdictions.” Sebastiaan Lichter added, “Additionally, we see Tokeny as a trustworthy partner who is a member of ABBL (The Luxembourg Bankers’ Association), EU Blockchain observatory forum, EEA (Enterprise Ethereum Alliance) and the Bitcoin Foundation. Their platform has facilitated over 18 token sales across five continents, and has been used by more than 50000 investors.”

Why has Blockport chosen to raise funds through an STO, rather than more conventional means?

“In line with the growing trend towards digital marketplaces, we’ll be tokenizing a portion of our company’s shares – granting the public an opportunity to become shareholders of the Blockport company through a STO. Tokenization allows for easier access but above all, it makes it easier for investors to buy, sell or trade them in a later stage. Furthermore, security tokens provide liquidity to investors, access to compliance features to issuers, and a framework for oversight to regulators.” Lichter finished by stating, “Blockport has always been a crowd and community-focused platform, and we’re now applying the latest in technology to issue shares in a way that lowers barriers to entry. This strategy of tokenization allows us to distribute ownership of Blockport amongst the stakeholders in our ecosystem that share our vision – also helping us to better match the demand we’ve received for a profit share model in the Blockport ecosystem.”

Tokeny

Tokeny maintains headquarters in Luxembourg. The company was founded in 2017, and identifies within the FinTech sector. Above all, Tokeny is working to develop and offer a comprehensive platform to facilitate companies in the process of tokenization.

In Other News

Tokeny has become a popular company in our news feed. In recent months, we have detailed their developments numerous times. With Blockport hosting an upcoming STO, there is no doubt that they will be repeat visitors in our headlines as well. Here is a looks at a few of the articles we have written on developments pertaining to Tokeny:

Tokeny releases TREX – A Public Framework for Security Tokens

Issuance and Tokeny partner with an eye on interconnectivity

Tokeny Partners with Blocktrade

*UPDATE*

Since the posting of this article, multiple developments regarding the launch of the STO have taken place.

As of April 11th, 2019, whitelisting for Blockport Securities (BPS) is open.
Token issuance will take place on April 15th, 2019.

These digital securities represent depositary receipts/certificates, providing holders rights to a proportionate share of future dividends.

For tokens issued within the United States, this will occur under Regulation D, Rule 506(c) of the Securities Act of 1933.

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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 Token News

Vtoken Exchange Celebrates SEC Filing in Time Square

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Vtoken Exchange Celebrates SEC Filing in Time Square

The largest decentralized exchange in the world, Vtoken, obtained its SEC filing from the United States Treasury Department this week. The firm took to the world-famous NASDAQ billboard in Time Square to celebrate the move. This is the second time the company graced this iconic attraction seen by millions. Also, the move symbolizes further blockchain integration into traditional securities markets.

Speaking on these developments, Vtoken’s Chief Advisor to the Asia Pacific Region explained how his firm plans to cultivate a robust blockchain ecosystem. He took moment to discuss recent global developments in the security token space. Specifically, he touched on how both Chinese and American markets experienced a huge surge in blockchain-based firms.

Vtoken Platform

The Vtoken combines the regulatory protections found in the traditional securities markets with the efficiency of a blockchain -based system. The company offers transfer agents flexible solutions to many of the current issues plaguing the securities markets.

For example, traditional securities can take three days for trades to complete. This delay leaves investors in a less than optimal position. In contrast, Vtoken’s blockchain-based system can complete trades in a matter of hours. Consequently, the platform enables a more nimble trading experience.

Vtoken via Homepage

Vtoken via Homepage

Real World Experience

Vtoken is a unique hybrid of technology, compliance, experience, and professional customer service. The firm handles a wide range of clients but specializes in Regulation A transactions. To date, Vtoken’s clients include NASDAQ, NYSE, OTC-listed firms, IPO-issuers, and private investors.

Vtoken’s strategy is unique in that the firm created a complete blockchain ecosystem. Here, investors can get all the information they need to host a compliant STO.  The company offers a full range of solutions for both enterprise and private investors.  These services include pre and post token issuance and management, smart contract programming, and ownership protection.

The latter feature is unique to V-token. This functionality allows investors to restore lost or stolen tokens, an option not usually available in the blockchain space.  More importantly, Vtoken is now in a very exclusive class of decentralized exchanges registered with the SEC.

Vtoken

Vtoken shares many of its core developers with Ripple. Additionally, Vtoken utilizes graphene underlying technology. The token has a trading gateway that is similar to Stellar Lumens. This enables the platform to maintain optimal transaction speeds. Currently, Vtoken can process transactions faster than the third-generation crypto EOS.

Partnerships

Last month, Vtoken made headlines after forming a strategic partnership with blockchain payment platform PayDex. The PayDex platform functions on Vtoken’s public blockchain. The system provides global crypto settlement with support for BTC, ETH, VToken, USDT, VRT, YEC, EOS, LTC, and VUST. PayDex seeks to bring crypto payments to the masses through a simplistic mobile interface.

Vtoken Ecosystem

Vtoken’s all-inclusive approach to the market is crucial to its overall strategy. V-Token provides users with everything they need to become a player in the security token market. You can expect to see this firm continue to make headlines s the platform expands in the coming months.

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AlphaPoint and Elevated Returns to Develop Secondary Market

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AlphaPoint and Elevated Returns to Develop Secondary Market

Secondary Markets

‘Making Illiquid Assets Liquid’ – That is the guiding sentiment behind AlphaPoint, a young company which utilizes blockchain to facilitate tokenization.

This idea is one step closer to becoming a reality, as AlphaPoint has just announced a partnership with Elevated Returns – A forward thinking company which specializes in real-estate.

In this announcement, the pair has indicated that they will be developing a secondary market for trading digital securities backed by real-estate. It is through secondary markets that traditionally illiquid assets, such as real-estate, will become easily tradable – all the while opening up fractionalized ownership, and opportunity for exposure to retail investors.

Elevated Returns will focus these efforts on Asian markets, following their expansion into the region roughly one month ago. At the time, the company acquired a large share in a Thai broker-dealer – a move allowing for them to commence operations through previously attained licensure.

Commentary

In their press release, Stephane De Baets, President of Elevated Returns, commented on this development. The following is what he had to say on the matter.

“Elevated Returns prides itself on our reputation as a pioneer in the digital securities space. To that effect, we have a policy to partner with the best in class companies across industry verticals; AlphaPoint’s technology solutions for unlocking digital asset liquidity are unparalleled. Having already demonstrated the capability to integrate with the token standard that we are developing on the Tezos blockchain, AlphaPoint was the clear choice to facilitate the adoption of our tokenized real estate initiatives.”

AlphaPoint

AlphaPoint is a United States based company that was founded in 2013. With their sights set on ‘making illiquid assets liquid’, AlphaPoint has successfully serviced global customer through their various service offerings.

Since opening their doors, AlphaPoint has seen their diligent work towards growth land them customers in 5 continents, to date.

Company operations are overseen by CEO, Salil Donde.

Elevated Returns

Elevated Returns is a United States based company, which specializes in investments surrounding real-estate. Recognizing the potential of digital securities, Elevated Returns operates with a goal of acquiring assets viable for tokenization.

One such example was the noteworthy tokenization of the St. Regis Resort; A high-end ski resort that successfully sold digital securities representing ownership within the resort, becoming one of the first to do so.

Company operations are overseen by President, Stephane De Baets.

In Other News

We have detailed developments pertaining to both AlphaPoint and Elevated Returns in the past few months. Check out the following articles to learn a bit more about what each of these companies has been up to in this time.

Laureate Digital Partners with AlphaPoint on New Security Token Exchange

Elevated Returns and Securitize to Utilize Tezos for Digital Securities

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Due Diligence Process Delays tZERO Investment

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Due Diligence Process Delays tZERO Investment

Deadline Missed

Today, tZERO issued a statement to their shareholders, commenting on their ongoing investment by Makara Capital, which we previously detailed.

In this statement, they indicate that while this investment is on-going, further delay is unavoidable. After initially setting a mid-April deadline, the due diligence process is simply more time consuming than initially thought.

Commentary

In the update, distributed to its shareholders, Patrick Byrne expressed praise for Makara, while commenting on the tenuous nature of the deal and reassuring readers at the same time. The following are a few excerpts from this statement, highlighting these sentiments.

‘Makara’s due diligence has progressed, and in the course of its due diligence Makara has proven to be a professional and serious fund. Still, the parties will not have a definitive deal in place by the mid-April target.’

‘tZERO plans to continue facilitating Makara’s diligence, but is not under any exclusivity with Makara or GSR and has retained advisors to pursue parallel alternatives. We will update shareholders after tZERO signs definitive documents.’

‘Our retail firm is recovering more dramatically than I anticipated and discussed during our Q4 2018 earnings call. In addition, tZERO is on track to introduce the products described in that phone call. Our intense focus on execution is paying off.’

Many Pots

This news may be slightly disheartening, as it represents, not the first, but second hiccup in the investment process. Despite this setback, tZERO has been on a tear over the last year. They are not being held back by this process.

tZERO has their hands in many pots, with endeavours resulting in the launch of a trailblazing secondary market for digital securities. Beyond this, tZERO has seen progress through adoption, and the awarding of patents.

tZERO

tZERO is a United States based company that was founded by Patrick Byrne. A subsidiary of Overstock, tZERO functions as a platform catering towards the digital securities sector.

Founder, Patrick Byrne, has reiterated his strong belief in digital securities multiple times over the past year. He has gone so far as to shift his entire focus from Overstock to tZERO and its ongoing development. Unmoved by ‘crypto winter’, Patrick Byrne has, in the past, commented to The Wall Street Journal, on the potential of tZERO. He stated, “I don’t care whether tZERO is losing $2 million a month…We think we’ve got cold fusion on the blockchain side.”

In Other News

tZERO is a regular in our news feed, as they have been pivotal in establishing the digital securities sector in its infancy. Below are a few articles detailing past developments pertaining to this impressive and important company.

GSR Capital turns to tZERO for the Tokenization of Cobalt

tZERO Completes Distribution of Security Token

Overstock Repositions Blockchain Executives as tZERO Launches

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