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Blockport Plans for Expansion – Announces Security Token Offering

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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

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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

REMCO Software to see Security Tokens Listed on LATOKEN

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Upcoming STO

REMCO Software is in the midst of completing a ‘security token offering’. As you may know, this refers to a crowdfunding campaign tailored towards accredited investors. During the offering, investors are able to purchase digital securities in the form of a token, typically representative of equity shares within the issuing company – an efficient merger of traditional and future finance.

Recently, REMCO announced good news, as they have secured an agreement that, once issued, will see their tokens listed for trading on the LATOKEN platform. By providing a flexible listing platform, LATOKEN will enable investors to easily trade between REMCO tokens and FIAT currencies. The ability to do so is expected to result in new-found levels of liquidity, not normally witness when dealing with such assets.

Commentary

In their press release, representatives from both REMCO and LATOKEN spoke on the agreement, and what it means for the industry.

Valentin Preobrazhenskiy, CEO of LATOKEN, stated,

“We are especially pleased to welcome REMCO token in the pool of our future projects. Their business model is both practical and very innovative. It brings a great deal of added value to the industry.”

Peter Ojo, CEO of REMCO Software, stated,

“LATOKEN’s innovative approach appealed to us…There are many crucial steps to getting this business off the ground, and we appreciate reaching this milestone with LATOKEN.”

REMCO Software

REMCO is a young company looking to revolutionize the remittance industry. They intend to do so, by utilizing traits inherent to blockchain technology that will allow for greater transparency and efficiency in finance. They were founded in 2018, and are based out of Laurel, Maryland.

Company operations are currently spearheaded by CEO, Peter Ojo. Under his watch, the company hopes to successfully complete a security token offering, which will facilitate their envisioned future.

LATOKEN

LATOKEN refers to ‘Liquid Assets Platform’. Founded in 2017, CEO, Valentin Preobrazhenskiy, has guided the platform into becoming a promising player within the industry. As their name implies, the platform aims to bring liquidity to a variety of assets.  Through their FIAT gateways, they have now begun to attract the attention of companies, such as REMCO.

In Other News

While this is the first time that each of these companies have graced our headlines, there is no shortage of news in the industry. Here is a brief look at a few articles detailing recent partnerships, and industry developments.

How Lition Utilizes Blockchain for a Greener Future

Elevated Returns and Securitize to Utilize Tezos for digital Securities

Wyoming Moves to Allow Tokenization of Corporate Stocks

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Security Token News

Magic BlockchainQA to Collaborate with Securitize

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Cross-Collaboration

It was recently announced by Magic Blockchain QA, that they have established a working relationship with industry leader, Securitize.

The nature of this relationship will see each company refer clients to the other. They are essentially building bridges, which will provide clients with a greater variety of integrates services.

In addition to client referrals, this relationship will see Magic BlockchainQA offer their quality and analysis services for the DS-Protocol. This protocol was custom built by Securitize to fit the needs of the digital securities industry. Through its implementation, clients are able to sell, create, issue, and manage digital securities backed by a variety of assets.

This development is reminiscent of one that occurred just recently. At that time, we reported on a similar relationship between DESICO and Securitize. As stated, these types of relationships are key to ensuring steady growth in the relationship. At this stage in the game, what is good for one player is good for all players.

Commentary

Anuraj Soni, President of Magic Blockchain QA, took the time to address this development.

“The Securitize platform has gained significant prominence in last few years and this partnership allows Magic to train its consultants on this platform enabling Securitize clients easy access to a pool of Magic consultants who can help with the seamless adoption of this platform.”

Magic BlockchainQA

Magic BlockchainQA touts themselves as the world’s first quality and analysis services dedicated to blockchain applications. Check out the following video to learn more about why this is an important and needed service.

This young company was founded in 2018, and is based out of New York City. Company operations are overseen by President Anuraj Soni. He boasts years of experience in leadership roles at companies like Bank of America, GENPACT, and other.

To date, Magic BlockchainQA has established partnerships with not only Securitize, but MythX as well.

Securitize

Securitize is one of the leading companies in the rapidly developing digital securities sector. They operate out of San Francisco, under the watch of CEO, Carlos Domingo.

Since commencing operations in 2017, Securitize has developed a tech-stack that allows for them to offers clients end-to-end tokenization services. These services range from token creation, to issuance, and lifetime management post distribution.

In Other News

To learn more about the companies discussed here today, make sure to check out a few of the articles below. While this is the first time we have detailed Magic Blockchain, Securitize is a regular on our newsfeed.

Securitize combines forces with DESICO

Modulus to Implement Securitize technologies

Securitize chosen to participate in IBM Blockchain Accelerator

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Security Token News

Blockchain Identity Firm WISeCoin Announces STO

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WISeKey Announces STO

The Swiss-based cybersecurity firm, WISeCoin announced plans to host an STO in Q2 2019. The announcement has captured the attention of analysts and follows the receival of a “no-Action Letter” from the Swiss Financial Supervisory Authority (FINMA). The move marks another step forward for the Swiss security token market.

WISeCoin is a subsidiary of WISeKey. WISeKey created the WISeCoin platform to furhte3r pursue their blockchain identity strategy. Speaking on the decision to host an STO, WISeKey CEO, Carlos Moreira, discussed how his platform utilizes a wide-range of “blockchain enabled microchips” to provide clients with a customizable identification system. He also touched on the importance of increasing your digital identification procedures to adapt to the “evolving device landscape.”

WISeCoin

WISeCoin developers seek to revolutionize the world of digital identification via the integration of IoT, blockchain, and AI. The concept is anything but simple. WISeCoin integrates a host of proprietary technology to merge seamlessly merge these sectors. Here’s how the system functions.

WISeKey via Homepage

WISeKey via Homepage

Blockchain of Identity

Blockchain identification systems are nothing new to the sector. The ability to verify, authenticate, and securely manage digital identities via the blockchain continues to drive more firms into this business model. What makes WISeCoin different is their approach to the problem.

WISeCoin developers decided to leverage the immutable nature of blockchain technology by pairing it with the Internet of Things (IoT). The IoT is the network of billions of smart devices currently entering the market. These items are able to monitor and communicate with each other.

To put the scope of this network into perspective, there were 15.4 billion smart devices connected in 2015 according to IHS reports. Intel plans to expand that network to 200 billion devices by 2020. Of these smart devices, wearable units are the fastest growing. IDC forecasts predict a 31 percent increase in this sector by 2020.

As you could imagine, leveraging these devices is an extremely powerful way to monitor, verify, and authenticate people, or items. In order to accomplish this monumental task, WISeCoin developers employ “Root of Trust” RoT and PKI protocols. RoT protocols provide secure authentication across both digital and physical environments.

WISeKey International Holding Ltd.

The world of AI, IoT, and blockchain are destined to play important roles in the future. WISeKey combines the best attributes of these advanced sciences. The firm is sure to see continued success in the coming months as their STO approaches.

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