Who is BlueOcean?
BlueOcean is an investment firm that has developed multiple funds over the past decade. These funds are tailored towards the MedTech (Medical Technology) industry.
MedTech represents a massive industry in Europe alone, and is quite broad in its description. Those within the industry may be credited with developing next-gen pacemakers, atrial valves, insulin delivery vehicles, and even deep brain stimulation methods.
BlueOcean recognizes not only the importance of this industry, but also the potential to both help and benefit it simultaneously.
What is the problem?
With over 12,000 patents filed within MedTech in 2016, over 40% of these originated from Europe. Furthermore, of the over $1 billion invested every year in Swiss startups, $600 million of this is funneled towards healthcare. From these numbers, it is clear – MedTech is booming.
Unfortunately, due to the vast amount of money and companies entering the industry, it is a difficult process to filter which start-ups are truly promising, and which aren’t. This process requires vast amounts of experience in various fields ranging from Medical to Legal, financial and more.
Another hurdle that must be cleared is the fact that many investment funds are unable to take part in private equity.
With each of these hurdles in place, despite the amount of money flowing into the industry, many of the best opportunities remain either hard to spot, or simply out of reach.
How will they solve it?
BlueOcean Ventures is an investment firm that possesses experts in the following fields.
By having a diverse cast of experts, the firm has a history of selecting successful start-ups. Currently, this team is actively building their second fund. This is known as the BlueOcean Ventures II. This fund currently has holdings in 5 different companies within the MedTech industry. The firm is looking to both expand and increase their holdings in these companies.
To achieve their goal of expansion and increased exposure, BlueOcean is hosting an STO. This STO will allow accredited investors the ability to invest in pre-vetted start-ups. This means that they can take advantage of the wide array of skills the BlueOcean team brings to the table.
By utilizing blockchain technology, the investors in the fund will benefit from not only increased transparency (where are the funds being spent), but also from increased levels of liquidity. As there is no lock-up period on the BlueOcean tokens (BOV), investors will be able to trade their tokens on secondary markets in a short amount of time. Tokens are expected to be listed on cryptocurrency exchanges by Q1 of 2019.
More than just a fund providing capital, the team at BlueOcean provides its portfolio of companies with much more. This may range from providing access to industry experts and hard to make contacts. Below are a few of those leading the way at BlueOcean.
With their STO currently active, BlueOcean will be preparing for token distribution. Once complete, the funds garnered throughout the STO will be able to be put to use, and begin working for the investors that participated. BlueOcean indicates that 100% of these funds will be invested in BlueOcean Ventures II.
For those looking to invest in MedTech start-ups via a curated fund, check out the BlueOcean STO; The easiest way to gain indirect equity in these promising start-ups.
The fund is scheduled to close in 2025. Upon closure, all assets will be proportionately divvied up among remaining investors.
To learn details about the project, please view our BlueOcean Ventures Token Listing page.
Protos – Worlds 1st Tokenized Hedge Fund Trades Publicly
The world of tokenized assets continues to expand into the traditional financial sector. This month, the world’s first tokenized hedge fund, Protos (PRTS), became available to public investors via the OpenFinance trading platform.
The Protos hedge fund reads like a whos-who of early crypto projects including classics like Bitcoin, Ethereum, and Monero. The fund initially made headlines after Protos successfully sold over $6.5 million worth of tokens during its initial release. Now, developers are ready to allow Main Street investors a chance to trade this diverse investment instrument.
The Protos fund trades on the OpenFinance Network which is an SEC-registered Alternative Trading System (ATS). As an ATS, OFN can offer users additional functionalities not available to traditional investors. These benefits include faster transactions, lower fees, and the ability to trade 24-hours a day. Comparingly, Wall Street investors can only trade hedge funds during the hours of 9:30 – 4:00 pm. Also, trading closes on national holidays.
Protos Hedge Fund
Protos investors gain access to a variety of early blockchain projects. These projects include Bitcoin, Ethereum, Monero, Ada, XRP and zCash to name just a few. Speaking on what projects made the cut, company executives stated that the fund includes a host of highly liquid projects.
Additionally, Protos partnered with a number of additional token issuance platforms including Polymath to make the project a success. The Photos tokenized hedge fund operates as a security token per SEC guidelines. Notably, the token utilizes the Securitize DS Protocol to ensure lifetime compliance.
OpenFinance Network – OFN
OpenFinance is one of only a few security token exchanges. Currently, OFN lists six security tokens including the highly publicized Spice VC token. According to the SEC registration, OFN’s license allows the platform to trade Reg D, Reg A+, Reg CF, and Reg S exemptions.
In a recent interview, OFN CEO Juan Hernandez praised the benefits of Reg A+ listings. He spoke on how companies can list tokens faster and with fewer requirements. Also, firms can raise up to $50 million in each Reg A+ campaign. When tokenized, Reg A+ crowdfunding events provide even further incentives.
For example, in the past, only accredited investors could participate in these events. An accredited investor must show at least $1 million in liquid assets. As you could imagine, the majority of investors were left out of the loop. This strategy hurt companies the most because they were unable to accept more funds. Tokenization allows companies to receive funding from any investor globally.
SEC Opens Doors to Reg A+ Token Offerings
The SEC’s recent decision to begin Reg A+ approvals provides companies with some guidance as to how to proceed with an STO legally. In the past, companies complained about a lack of transparency in the sector. This lack of clarity creates a roadblock to large scale adoption. Today, Hernandez believes the advantages of tokenization are undeniable, and that investors will steer the market towards these services as they become more widely understood.
Protos Envisions the Future
The Protos hedge fund is a glimpse of what the financial markets will hold in the future. The fund’s diverse holdings are ideal for investors that desire to own a piece of the most important crypto projects released to date.
Coinbase Custody Adds Support for Digital Security ‘BCAP’
This means that investors now have a reliable service to not only store their BCAP tokens, but to deposit and withdraw them as well.
Ideally, this announcement of support will have broken the ice – meaning we will hopefully see Coinbase Custody bring support for an increasing amount of similar tokens.
Since day one, reliable custody solutions have been noted by many as one of the major hurdles to achieving mainstream adoption of digital securities. Recognizing this, various companies have been working hard to develop their own solution. Coinbase custody represents one of these offerings, and in its short time since launch, has become one of the industry’s most popular services.
To date, Coinbase custody manages over $1 billion in funds, represented by over 30 assets – now including BCAP.
— Coinbase Custody (@CoinbaseCustody) June 5, 2019
Beyond the Coinbase tweet, multiple noteworthy names in the sector commented on the announcement. This includes, both, Carlos Domingo (CEO of Securitize) and Jamie Finn (President of Securitize).
— Carlos Domingo (@carlosdomingo) June 5, 2019
— 🙈 Jamie Finn (@finnstr) June 5, 2019
Beyond the service they offer, Blockchain Capital is notable as they represent one of the very first security tokens to be offered to investors. This digital security was developed through use of the ‘DS Protocol’ – a product of industry leading issuance platform, Securitize.
Company operations are headquartered in San Francisco, and overseen by Managing Partners, P. Bart Stephens and W. Bradford Stephens.
Coinbase is a Seattle based company, which operates as a service provider within the world of cryptocurrencies and blockchain. These range from merchant services, to custody solutions, and trading capabilities.
Despite their standing within the industry, and the services developed by their team, Coinbase has notably struggled to retain talent in recent months. We have seen the departure of multiple high-level employees. The most recent of which is the Coinbase CTO, Balaji Srinivasan.
Company operations are overseen by CEO, Brian Armstrong.
In Other News
Custody solution are a vital component to creating a flexible and reliable foundation within digital securities. Here are a few articles discussing the adoption, and launch, of various custody solutions over recent months.
SPiCE VC Continues Portfolio Expansion with InvestaCrowd
Through this investment, SPiCE token holders will now gain exposure to the growing InvestaCrowd. A digital securities platform that operates under a licence given by the Monetary Authority of Singapore. The goal of InvestaCrowd is to not only provide services as an issuance platform for digital securities, but to develop a trading exchange. The development of an exchange is key to achieving the oft touted liquidity that digital securities stand to offer investors.
With this news, the SPiCE VC portfolio now totals 11 promising companies. The following is a list of these projects.
As made obvious by this list, SPiCE VC is comprised of both promising start-ups and heavy hitters within the burgeoning digital securities sector.
The following was a statement made in the press release, regarding the inclusion of InvestaCrowd into the SPiCE VC portfolio.
Tal Elyashiv, Co-Founder of SPiCE VC, stated,
“We are excited about this investment and the partnership with InvestaCrowd. As one of the leading investment banking platforms, and in light of the strong expected growth in tokenizing assets through Digital Securities, InvestaCrowd is set to be one of the fastest growing platforms in the region.”
InvestaCrowd is a Singaporean company, which was founded in 2015. They market themselves as the leading digital securities platform within Asia. They have accomplished this by offering not only the issuance of digital securities, but promise of eventual secondary market trading as well.
SPiCE VC is a venture capital fund tailored towards companies in the blockchain industry. Led by Carlos Domingo, Tal Elyashiv, and Ami Ben-David, SPiCE was one of the first in the world to successfully complete their own digital security offering.
The aforementioned DSO took place in the tail end of 2017.
In Other News
Here are a few articles detailing recent events in the world of digital securities. Of note, is a recent article detailing the very same SPiCE VC discussed here today.
- Christian Platzer, Co-Founder & Managing Partner of Black Manta Capital – Interview Series
- The Managed Stablecoins are Securities Act of 2019 H.R. 5197
- Max Crowdfund STO Promises to Fuel Tokenization Revolution
- Securitize Increases Ties to Japan through First Acquisition
- The Future is Bright for Bison Trails as Series A Nets $25.5M