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Digital Securities Monthly Report – July 2020 Edition

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Over the course of July, we have seen DeFi continue to grow in popularity, a resurgence of crypto markets, and continued growth surrounding digital securities.
Along with this growth, regulators stayed busy, with various fines doled out, and commentary provided on past decisions. 

Regulatory Advances and Findings

Regulators had a busy month, announcing various fines and allegations during this time period.  Continuing her open-minded stance towards blockchain, SEC Commissioner, Hester Peirce, also took the time to provide insight into recent rulings surrounding Telegram.

Ontario Securities Commission Alleges Coinsquare Committed Various Securities Violations

Abra Fined $300K in Joint Effort by SEC and CFTC for ‘Security Swapping'

Commissioner Hester Peirce Dissents on SEC Telegram Ruling and Settlement

Entering the Sector

It is no secret that established companies are beginning to warm up to the idea of digital securities and cryptocurrencies.  July demonstrated this, as multiple respected companies announced their foray into these sectors.  

WealthSimple Announces Bitcoin and Ethereum Investing with the Help of Gemini Custody

SBI Holdings Acquires 10% Stake from Nomura Holdings in Digital Securities Platform ‘Boostry'

Real Estate

From day one, real estate has been viewed as the most promising implementation for digital securities.  As such, we have seen various companies launch real estate focused platforms over the past few years.  July continued this attraction to real estate, as we were greeted with news of, not only new capital raises by real estate developers, but the listing of real estate backed digital securities on a secondary market.

tZERO to Add Trading of ASPEN Digital Securities Token in Q3, 2020

Lead Real Estate to Issue Digital Securities in Capital Raise with Help from Securitize, GRIP, and Rialto

In The News

Adoption of NEM's Symbol Blockchain Increasing Among Central Banks and Startups

Slowly but surely, companies are building out the necessary foundation for a future filled with digital securities.  In July, one project, which caught the attention of many, is ‘Symbol'.  This protocol, purpose built with digital securities in mind, looks to launch soon, with its first users already lined up.  Read More

“…we were on the lookout for a protocol that would facilitate this unique offering. Symbol from NEM was a natural fit, due to its technical capabilities, purpose-built with the issuance of security tokens at the forefront of its network architecture.”– David Siemer, CEO of Wave Financial


What is DeFi (Decentralized Finance)?

The world of blockchain and cryptocurrencies has recently seen a long expected resurgence.  Much of this current run and excitement revolves around the potential of DeFi.  We recently took a closer look at what DeFi is, why it is important, and the possibilities it holds.  Read More


Dave Hodgson, CIO of NEM Group & Managing Director of NEM Ventures
With our recent look into NEM, and their upcoming Symbol protocol, we thought it prudent to sit down and complete a discussion with a man largely responsible for its creation.  In this entry to our interview series, Dave Hodgson breaks down what Symbol is, and what NEM hopes to achieve with it.  Read More

Around the Web

‘An absolute necessity' : Why this Expert says China Desperately Needs a Digital Currency – Fortune
Countries around the world are racing to develop their own central bank digital currencies (CDBCs).  Of these nations, China appears to be leading the way, with multiple trials having already commenced.  Fortune recently sat down with an industry expert to discuss the important of CBDCs, and why China needs one now, more than ever.  Read More

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology.