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Custodianship – A Look at Various Industry Solutions

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Custodianship - A Look at Various Industry Solutions

Industry Hurdles – Custodianship

In under two years, the state of custodianship within blockchain has grown by leaps and bounds. A mere eighteen months ago publications were posting about ‘The sad state of crypto custody’. Six months after that, custody solutions were noted as a rapidly developing innovation within the industry.

A major driving factor behind the development seen, with regards to custodianship, is due to the narrative of ‘institutional capital’ entering the world of crypto. If this is to occur, they will require trusted companies to provide this service.

Today, various companies which recognized the lack of solutions in the industry have launched, and established beginning levels of adoption. The following are a few of these companies, and what they are bringing to the table.

Anchorage

In a recent, and promising, bit of news, payment processing giant, VISA, Blockchain Capital, and others, invested $40 million USD into a blockchain based custodial solution – Anchorage. This raise represented a Series B, with the company previously raising $16 million in their Series A mere months ago.

This young, promising, company has taken a different approach to providing a safe haven for digital assets. Rather than using passwords and usernames, the platform relies on a mix of human and artificial intelligence to verify transactions on whitelisted devices.

Anchorage has stated that, in time, their platform will support all forms of digital assets. This versatility, and interest in the sector shown by companies like VISA, points to a bright future.

Unbound Tech

One of the most anticipated digital securities exchange launches of 2019, is the upcoming Archax Exchange. With a projected launch in Q4 of 2019, it is imperative for Archax to establish all of the necessary partnerships and services sooner than later. The latest puzzle piece to fall in to place would be the decision to utilize custodial services, offered by Unbound Tech.

Unbound Tech, which operates out of New York, has developed a DLT based platform which breaks up and stores data among various parties. This is done with the intention of eliminating a single point of weakness within a storage network. No doubt, their innovative, and polished, platform led to this strategic partnership.

Copper

The rise of digital securities has also resulted in the rise of numerous issuance platforms. In order to remain appealing to their clients, each of these platforms must either offer their clients direct access to a custodial service, or redirect them to a third party.

One of the most promising issuance platforms, SWARM, has experienced better adoption than most, to date. Not offering any ‘in-house’ custodial service, SWARM established a strategic partnership with U.K. based, Copper.

Copper provides institutional grade custodianship through the use of a practice called ‘air-gapping’. This simply refers to the practice of ensuring their cold storage devices are, not only not connected to the internet, but not connected to any other device which maintains an internet connection.

Upon establishing their alliance, SWARM Cofounder Philipp Pieper, had high praise for Copper. He stated, “The integration between Copper and SWARM is a great fit due to the compatibility of our technologies as well as our teams…Copper provides the level of institutional grade security and convenience that is absolutely essential for the adoption of digital securities by institutional investors and retail market,”

Coinbase

Love them or hate them, Coinbase remains at the forefront of the blockchain industry. This means that when their custodial solution, ‘Coinbase Custody’ announced support for their first digital security, it represented an important step.

The reason this step is an important one can be broken down various ways, but is primarily positive, due to the increased exposure which Coinbase will afford the nascent digital securities sector. Most participants in the world of blockchain are well versed in ICOs, but have not necessarily been exposed to STOs and DSOs. Support of assets issued through these capital generation events, by an industry leader, is most definitely a step forward.

Carlos Domingo, CEO of Securitize, tweeted at the time of this announcement.

TokenSoft Knox Wallet

TokenSoft has been one of the busiest companies within the digital securities sector throughout 2019. One of their various steps forward, came through their various custodial solutions for clientele. While the company has formed an alliance with Coinbase Custody, TokenSoft has developed their own solution for those interested.

‘Knox Wallet’ is the name of this offering.  It is a mobile custody solution, which brings full support for various digital security protocols.

Knox provides its users with security through the use of various tactics. These include cold storage, role-based access control, and cryptographic authentications.

While Knox remains in beta, it has the potential to become a key player in the digital securities sector.  It remains one of the only mobile based custody solution to support the asset class.

Continued Growth

An entire subset of the blockchain industry was essentially birthed from nothing, in less than two years.  It has since grown into a promising grouping of service providers. While time and development move slowly in the moment, reflecting on growth within blockchain shows fantastic speed of development, wherever you look.

The companies discussed here today are essentially writing the custodial solution blueprint on the fly. As these industry trailblazers demonstrate what works, and what doesn’t, we should continue to see increasingly polished solutions presented. One such example may prove to be the upcoming Facebook project, Calibra.

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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.

Token Solution Providers

Securitize Increases Ties to Japan through First Acquisition

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Japan is Calling

Over the past few months, we have seen an increase in activity surrounding digital securities, within the island nation of Japan.  One company which has found themselves at the center of these developments, on multiple occasions, is none other than Securitize.

Securitize to Expand within Japan after Recent Investment

Securitize has continued along their path into the country with another recent acquisition of a small company, known as BUIDL.

Details of the Acquisition

For the time being, details on the acquisition are scarce.  Securitize has not divulged the amount of money this move required, nor the amount of equity they acquired.

What is clear, however, is that companies are showing an increased interest in Japan, since steps were recently taken to clarify the framework surrounding the digital securities sector.

Japan Tightens up STO Framework

The Japan Security Token Offering Association

What do they offer?

What is known is that BUIDL is a blockchain tech provider, in addition to being a consultation firm.  The company’s marquee product is known as ‘Shiedl’, and operates as a blockchain based network analysis and compliance tool.

Securitize indicates that this move is about helping more than just themselves, but the industry as a whole.  In the hands of Securitize, and the influence they hold on the industry, BUIDL has the ability to greatly help grow digital securities within Japan.

Commentary

With this acquisition marking an important step taken into Japanese markets, Securitize CEO, Carlos Domingo, took the time the comment.  He stated,

“By acquiring BUIDL, a proven security token leader and blockchain innovator in Japan, Securitize is immediately better positioned to help develop the institutional-grade security token industry in Japan, Asia and beyond.”

BUIDL

Operating out of Tokyo, Japan, BUIDL was founded in 2018.  Above all, the company specializes as a blockchain consulting firm with a focus on developing real world application for the technology.

CEO, Jun Hasegawa, currently oversees company operations.

Securitize

Based in the United Stated, Securitize is an issuance platform which was founded in 2017.  In the time since, the company has established themselves as a leader within the sector.  This was achieved through ,not only the development of their own platform, but through strategic collaborations and acquisitions, such as the one discussed here today.

CEO, Carlos Domingo, currently oversees company operations.

In Other News

Securitize is not the only company attempting to develop the digital securities sector within Japan.  We recently reported on a nearly 100 year old investment firm, Tokai Tokyo, and their foray into the industry.

Tokai Tokyo Financial Holdings to Bring Digital Securities to Japan

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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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Horizon Globex Eyes Growth through Series A

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Horizon Globex Eyes Growth through Series A

Series A

One of the leaders within the digital securities sector – Horizon Globex – has just announced the launch of their Series A raise.

This move represents the first time that ownership in Horizon Globex has been made available to outside investors. It marks an important juncture for Horizon Globex, as they look to ramp up their operations through various means.

By taking this step, it validates the hard work that the company has put in over the past few years. No longer are they simply an idea with great potential. They are now a company with various strategic partnerships, working products, and growing levels of adoption (primarily through technology licensure).

Details of the Raise

Over the course of this raise, the company hopes to generate up to $5 million in investments. The event will be structured in accordance with Reg D (rule 506).

Horizon Globex notes the following areas as those which will benefit from the funds generated:

The Game Plan

Looking forward, Horizon Globex indicates that their intention is to generate future revenue streams through the licensure of their tech solutions. The funds generated in their Series A are noted to be used to further develop these solutions. The following are a few examples of the solutions they offer:

  • AMLcop
  • KYCware
  • Tokenetics
  • Open Order Book
  • CustodyWare

Earn Expands on App Functionality with Globex Service Integration

Commentary

Horizon Globex CEO, Brian Collins took the time to elaborate on their Series A, and what it is they are trying to do. He stated,

“We’re gearing up to help power a globally connected network of regulated blockchain-trading venues which we believe have the potential to drive the next generation of secondary market liquidity…We are thrilled to give investors the opportunity to own a stake in our fintech business as well as in any future growth in our software licensing business…Capital markets are evolving right now, and we believe that Horizon is at the forefront of this evolution with our proprietary end-to-end suite of blockchain solutions and services that deliver a harmonized rule-book for transparent secondary trading of securities using a blockchain.”

Speaking with Brian

We were fortunate to have completed an exclusive interview earlier this year with Horizon Globex CEO, Brian Collins. In this discussion we learned more about various solutions developed by the company.

Interview Series – Brian Collins, CEO of Globex

Horizon Globex

Founded in 2010, Horizon Globex is a ‘software-as-a-solution (SaaS) provider, which operates out of Zug, Switzerland. In the time since their launch, the company has managed to develop a diverse stack of blockchain based solutions, meant to serve the nascent digital securities sector.

CEO, Brian Collins, currently oversees company operations.

Horizon Globex – An In Depth Look at an Industry Leader

In Other News

Going back to the Horizon Globex game plan of licensing their solutions – they already have a track record of successful pulling this off. In recent months, we reported on, both, the development of their exchange software and its subsequent licensure to the Antiguan Government. Check out the following articles to learn more.

MOU Signed by Globex, Julius Capital Bank, and Antiguan Government

Globex Launches Digital Securities Exchange Software

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