This conference featured a different cast of characters. Gone are the cryptocurrency nerds, hustlers, and ICO pitches. While there were a few token issuers such as Archax and Tokeny, most of the audience featured traditional bankers, and venture capitalists.
Can Digital Securities Disrupt the Current Status Quo?
The overarching audience question during the conference was: can digital securities disrupt the current status quo?
It was apparent that institutional interest has increased exponentially since last year’s event. Notably present were major banks, and attending was Stéphane Malrait, the Managing Director and Global Head of market structure and innovation for Financial Markets at ING Bank. Stéphane states that ING is embracing new technologies which can enhance existing business flow, he aims to have ING disrupt itself before start-ups do. ING is testing various “proof of concept” models as they realize they cannot disrupt by themselves without the assistance of fintech companies. The primary goals is to reduce costs and assist with educating regulators. Also attending from the Netherlands division of ING was Martijn van Eck, Initiative Lead Digital Assets for ING. Martijn stated that ING is serious about crypto as they want to stay relevant.
Speaking from the banking side was Jacek Wieclawski, head of Global Markets Innovation at Rabobank. He discussed the many initiatives of Rabobank: 1. How to serve clients that are looking for cost-efficient access to capital and liquidity; 2. How can digital assets be served to these clients; and 3. How can digital assets contribute to a new revenue stream. These are the same types of initiatives as other banks are tackling.
Stealing the show on the venture fund side was Matthew Le Merle the co-founder and Managing Partner of Fifth Era and of Keiretsu Capital. He believes that eventually all major governments will issue digital money, and that most banks are working on offering access to crypto assets and custody. He believes that digital securities will be, first and foremost, about improving efficiency and potential profits. The disappointing part of his presentation was that Fifth Era and Keiretsu Capital still invest exclusively for equity versus tokens.
This leads to the frustrating part of the conference; we are still early stage and not seeing many STOs. The notable lack of STOs was felt but the strong presence of bankers and VC funds was a huge indicator that the industry is maturing.
One company that stood out was Blockpass, which offers KYC and AML solutions to market participants. They offer an out of the box solution with a KYC ID that follows clients. This means that a client does not need to perform KYC with each bank or STO issuer, instead the investor presents his sharable identity to each financial institution. Instead of having to resubmit documents to each institution, the client only needs to update his account every 3 months with an updated proof of address statement. The on-boarding would be via mobile app.
The current industry problem discussed by most participants was the lack of liquidity, but there was new confidence that this liquidity would eventually follow investment opportunities once they were more frequent.
The institutional interest that was shown is the biggest change that I have seen in the industry. The fact that major banks are sending representatives to a security tokens specific conference is a game-changer. Security Tokens Realised is by far the most digital securities specific event that we have attended, and these events should be on your radar if you are interested in the future of this space.
Security Tokens to Headline the Crypto World Summit
In another sign of the times changing for the better, this year’s Crypto World Summit will focus heavily on the security token market. This year also marks the 4th consecutive year for the forum which focuses on the most important blockchain-related issues globally. The news marks a shift by the Crypto World Summit from traditional blockchain projects, over to heavily regulated digital assets.
According to a recent press release this year’s event will commence at the world-famous Sheraton New York Times Square Hotel. The event’s official start date is February 20th, 2020. Event coordinators confirmed that the majority of speaking sessions will focus on a number of movements related to security tokens and STOs.
As such, speakers will discuss the major roadblocks to adoption in detail. These primary concerns usually fall into three main categories. Firstly is a lack of understanding of the existing SEC laws, rules, and regulations regarding tokenized assets. From here, discussions will include a synopsis of the lack of regulatory framework specifically tailored to these new financial tools. Finally, speakers will discuss how to address these primary issues in a logical manner.
Crypto World Summit Sessions
The Crypto World Summit will feature some amazing insight into the current state and future of the security token sector. One of the most exciting sessions listed on the event is a forum called -The Revolution of Tokenization. This discussion will touch on the overall benefits achieved through tokenization, and how they can improve the overall health and security of markets.
Additionally, there is another session labeled the Securitization of Illiquid Assets. This discussion will touch on how tokenization creates new forms of liquidity in the market. Importantly, the discussion will explain how these new markets will affect the overall global economy and investors in general.
Security Token Offerings
From there, conference attendees can gain some valuable insight into STOs. STOs are seen as the natural evolution of the ICO sector. These fully-compliant token offerings are now more popular than ever. Developers hope to shed some light as to why these crowdfunding campaigns surpass traditional IPOs and ICOs.
Blockchain and Real Estate
No security token seminar would be complete without an in-depth discussion on the effects of tokenized real estate in the market. Tokenized real estate is one of the fastest-growing security token sectors internationally. Tokenizing properties provide some huge advantages over traditional real estate sales such as lowering the entry threshold. Additionally, this strategy allows for global investor participation and crowdfunding of single properties.
The Digital Banking Industry
Another session labeled, The Digital Banking Industry is sure to touch on the development of new-age banks focused on catering to digital asset holders. Already, a number of these organizations have sprung up across the globe. These unique banking institutions seek to provide digital asset holders with many of the benefits and features found in the traditional banking sector.
Perhaps the most interesting forum to be held at the Crypto World Summit is the tokenization workshop. Here, visitors will learn exactly what it takes to tokenize a real-world asset. The workshop promises to provide valuable insight into the technical aspects and legal ramifications surrounding the tokenization of particular assets such as debt-equity.
Join the Crypto World Summit
For those interested in participating in this monumental event, but are unable to visit New York, there are options. The entire conference is set to be live-streamed via Fintech World Media. In other words, there really is no excuse to miss out on this exciting event.
CIS & Token Summit Announce Main Sponsor – Fincross
Exciting developments in the STO space this week as the digital asset bank, Fincross International, officially is the main sponsor for both the CIS and Security Token Summit conferences this month. Both STO conferences are hosted in Los Angeles and are considered among the largest blockchain events held yearly. As the main sponsor of these events, Fincross International is now center stage in the cryptocommunity.
CIS – Blockchain Technology Innovation
The CIS conference is held on April 9-10 at the Los Angeles Convention Center. The event is huge with over 3500 attendees. There are also over 100 blockchain professionals speaking at this year’s two-day event. Learn from some of the best in the industry including Jenny Shaver (SALT), Tim Draper, and Charlie Lee, just to name a few.
Security Token Summit
The Security Token Summit is one of the largest securities based blockchain conferences in existence. This event commences on April 8 from 7:30 AM – 7:30 PM. The conference will cover multiple topics in the security token space including custody, issuance, broker-dealer, trading, compliance, and legal concerns. The event features a plethora of industry leaders including Joshua Rivera (Blockchain Capital), Greg Gilman (Science-Inc), and Amy Wan (Sagewise).
Fincross is a hybrid investment firm which covers both traditional and digital assets. The company has been a driving force behind further blockchain tech integration. Currently, the firm operates out of Mauritius where it is federally regulated. As a regulated institution, Fincross is able to provide clients with a broad range of exclusive products.
Speaking on the sponsorship, Fincross’ deputy CEO, Henry James, described the excitement surrounding the upcoming events. James took a moment to explain how his new platform serves a “diverse group of clients” ranging from huge international investment firms, down to individuals seeking more protections in the digital asset space.
New Age Banking
Fincross international combines traditional banking systems with new digital technologies. The company utilizes a purpose-built Distributed Bank Ledger (DBL) to provide clients with a more efficient and secure alternative to current options. Also, the platform merges the trading of traditional assets with tokenized digital assets.
Protecting Your Crypto
In addition to management and storage services, Fincross seeks to develop a crypto insurance platform to complement its existing system. Crypto insurance platforms continue to see growth as the industry adjusts to the entrance of security tokens. These firms allow investors to receive the same type of protection found in traditional investments.
Fincross Market Makers
Additionally, Fincross developers acknowledged work on a platform extension specifically designed to help blockchain investors find quality STOs. This strategy allows Fincross to create an exclusive blockchain ecosystem. Here, accredited investors can locate verified STOs.
Advance Your Skills
Both of these conferences are a great opportunity for interested parties to advance their understanding of the industry. As the main sponsor for both events, you can expect to see a lot of information regarding Fincross International and all the digital asset related services they provide.
The Global Security Token Conference ft. MaxiMine
On January 30, 2019 security token experts from across Asia converged in Singapore for the Security Token Future Conference. Here, industry leaders discussed the overall direction of the market including regulations, new use cases, and major players in the industry. By all accounts, the STO conference was a resounding success. Attendees of the conference could play a major role in guiding the Asian security token market.
Security Token Future Global Conference
The Security Token Future Global Conference featured a whos-who of the Asian security token sector. The seminar included an open discussion panel. The panel consisted of some heavy crypto hitters such as Jack Chia (Blockchain Alliance), Nizam Ismail (RHTLaw), Edward Du (TALENTA), just to name a few. The one-day event also included several keynote speakers such as Nock Cowan (CEO GSX) and GITA Co-founder Mik Mironov.
The event sold out quickly. The venue was meant to accommodate only 300 people, but some exceptions were made for those that arrived after all the original seats were filled. The turnout demonstrates the growing importance of security tokens in the Asian market. Asia continues to dominate trading in the crypto sector. The introduction of security tokens is sure to expand the region’s influence.
The event was made possible through a collaborative effort. Goldensand Capital, TALENTA, GITA, SMC Capital hosted the event. There were also a number of well-known sponsors of the event. The cloud-based mining platform MaxiMine was one of the main sponsors which captured the attention and imagination of the attendees. Additionally, IDCM, DSX, Galaxa , and RHTLaw all contributed to make the event a huge success.
MaxiMine had the main booth at the event where they showcased their cloud-based mining platform. The firm utilizes a fully transparent and highly-efficient mining protocol to reward their pool members. Unlike traditional cloud mining platforms, users are rewarded with hashing power for staking their tokens.
Hashing Power Credit
The hashing power credit system utilized by the MaxiMine platform functions similarly to a Proof-of-Stake algorithm such as the one used by the crypto NEO. Mining pool participants earn MaxiMine Coins for participating. These tokens are what users stake to earn free hashing power. Mining pools allow anyone to begin mining cryptocurrencies. It’s nearly impossible to mine Bitcoin nowadays without joining one of these highly-productive mining pools.
More Coins – More Options
One of the best features of the MaxiMine platform is the ability to mine multiple types of crypto. This is an excellent feature because Bitcoin mining equipment utilizes special ASIC cards which are only able to mine coins that share Bitcoin’s SHA-256 algorithm. MaxiMine users can switch between a huge selection of cryptocurrencies without worrying about compatibility issues. This saves miners from having to purchase thousands in new mining equipment.
See Everyone Next Year
After such a great turnout, it’s no surprise that people want to know more about the next event. Events such as the Security Token Future Global Conference help to cultivate productive growth in the security token sector. Many in the cryptospace see security tokens as the logical next step in cryptocurrency adoption. These events help more people understand the importance of this revolutionary technology.
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