Go for Launch
This week brought news that another company has eyed up the digital securities sector, and tossed their hat in the ring. This would be the launch of Tokenyz – a new digital securities issuance platform looking to join the fray.
Upon launch, the company notes three main services which they will offer their clients. The following is an excerpt from their site, which elaborates on what these services entail.
- End-to-End Platform
- A full-stack technology & services platform with powerful features and specialised tools for both investors and issuers will allow users to manage their digital securities from one convenient dashboard.
- Coded Compliance
- The protocol will provide the most complete, flexible and adopted compliance solution ensuring that digital securities issued can be traded compliantly across all marketplaces and exchanges.
- Open Platform
- Our open platform will reinforce our focus on primary issuance & lifecycle management while leveraging partner network and driving protocol adoption. By listening to our customer and counsel, we may then facilitate that complaint issuance and trading of digital securities on a global scale.
As alluded today, above, the role of ‘digital securities issuance platform’ is one that various companies are looking to fill. To date, the sector has seen a variety of companies looking to establish themselves within their respective regions – with varying levels of success. The following companies are a few of those which have shown the potential to become industry incumbents.
In their press release, Tokenyz CEO, Claude Waelchli, touched on the current state of FinTech, stating,
“Today we have two separate camps: tech companies with immense tokenization capability but little financial acumen, and financial services companies locked into their traditional business models, who experiment a little with new technology but nothing substantial to date.”
It is the void left between these two camps that Tokenyz looks to fill. However, in order for that to happen, the United States must not fall behind other forward thinking nations with regards to regulations. Waelchli continued this thought by hinting that,
“Regulators are clearly getting more comfortable with the new technology and I would expect that the U.S. will soon play catch-up and close the gap with smaller jurisdictions.”
Founded in 2019, Tokenyz is a digital securities issuance platform, which operates out of New York City. Tokenyz hopes to bring new opportunities to investors and companies alike, by bridging the gap between traditional finance and digital securities.
CEO, Claude Waelchli, currently oversees company operations.
The team behind Tokenyz is being spearheaded by a trio of professionals.
- Claude Waelchli, CEO & Cofounder
- Established Tokenyz after a successful 12 year journey with UBS
- Benson Samuel, Director of Technology
- Expert in crypto based algorithmic trading systems
- Harsh Patel, Blockchain Developer
- Specialist in smart contracts and cyber security
Upon announcing the launch of the platform, Claude Waelchli took the time to comment on the collaboration among team members. He stated,
“Over the last few years I have truly grasped the disruptive power of blockchain technology for financial markets and existing business models. By joining forces with distinguished engineers and entrepreneurs in the digital securities space, we have embarked on a mission to build the world’s leading digital investment bank. It is our firm belief that the digitization of traditional securities will create exponential growth opportunities in the years ahead.”
Swiss Digital Asset Bank, SEBA, to Raise Nearly $100M
With an eye on rapid growth, Switzerland based digital assets bank, SEBA, have announced their intent to raise upwards of $100M in funding.
This raise represents not the 1st, but the 2nd, $100M round of fund raising for SEBA. Their initial round allowed them to achieve expansion into 10 countries within their first 2 years of operations, in addition to procuring a banking and securities licence from FINMA.
While their growth, thus far, has been quite impressive, the team at SEBA is not satisfied. Their scope of services offered represent only a portion of what they will in the future. Furthermore, while expansion into 10 countries is definitely a positive move, the world is a large place. SEBA, no doubt, has ambitions of continued expansion into the world’s leading markets.
Despite their short time in operation, SEBA has managed to develop, and begin offering, a variety of services to their clients. While not yet live, the company has indicated that a large focus, moving forward, is the development of solutions surrounding digital securities. This means supporting STOs, asset tokenization, and more.
For the time being, the following capabilities are live, and offered by SEBA.
- Institutional grade custody/storage
- Trading services
- Professional wealth management
- Payment gateways
For this particular raise, SEBA CEO, Guido Buhler, took the time to comment on why there is a need for a second round of fund raising. The following is what he had to say on the matter.
“If you want to grow, and we have ambitious plans, we need to have additional capital. I always say were are a universal bank for the new economy.”
What is made clear from this short statement, is that SEBA is not yet satisfied with their current state of growth, and is looking to ramp up expansion even more. It has been indicated that SEBA expects to raise these funds from a variety of sources, including:
- Family offices
- High net-worth individuals
- Financial investors
There hasn’t been a moments rest with regards to SEBA and their expansion. Despite all that they accomplished in year one of operation, year two saw SEBA enter various new markets. Roughly one month ago, the company took the time to speak on their continued expansion. This means that the company can now onboard clients from the following nations in a compliant manner.
- Hong Kong (China)
- United Kingdom
Founded in 2018, SEBA is a young bank which maintains headquarters in Zug ‘Crypto Valley’ Switzerland. While supporting certain traditional banking services, the company has a clear focus on next-gen FinTech – digital assets, in particular.
CEO, Guido Buehler, currently oversees company operations.
iSTOX Builds Upon Recent Successes with a Further $5M in Funding
Capital markets platform, iSTOX, has recently announced the successful attainment of $5 million worth of funding.
This particular sum of capital was generated through a new partnership and investment, with Hanwha Asset Management.
This announcement of further funding comes meres months after the successful completion of the company’s Series A; An event which saw iSTOX draw the attention of various backers which believe in the future of the platform.
Between these two successive instances of funding, iSTOX should be well positioned to continue the development and adoption of their vision; A vision surrounding the potential of digital securities, and their ability to transform capital markets.
To date, iSTOX has managed to attract attention from various high profile companies. The following are a few of these known to have played a role in recent capital generation events surrounding iSTOX.
- Kiatnakin Phatra Financial Group
- Heliconia Capital Management
- Singapore Exchange (SGX)
- Tokai Tokyo Financial Holdings
This grouping of companies is an impressive one, as they represent some of the most influential and progressive ones found in Asian nations.
With regards to the freshly procured $5 million, iSTOX CEO, Danny Toe, took the time to comment. He stated,
“As iSTOX continues to grow, our relationships with partners like Hanwha are allowing us to build a powerful foundation to develop iSTOX into a pioneering service that addresses the evolving needs of 21st century investors…These partnerships will take on an even greater importance in early 2020, when iSTOX transitions into full operational status.”
Founded in 2017, iSTOX not only maintains headquarters, but is regulated within, the nation of Singapore.
CEO, Danny Toe, currently oversees company operations.
Hanwha Asset Management
Founded in 2011, Hanwha Asset Management maintains headquarters in Seoul, South Korea. Since their launch, Hanwha has managed to establish a diverse set of financial offerings, bringing them alongside leaders in the sector.
CEO, Yong Hyun Kim, currently oversees company operations.
In Other News
A successful Series A is an important first step for any company. Not only does this allow for the continued development of a company’s product/service, it indicates that others believe in their vision, as well – at least enough to invest their hard earned money.
US Global Securities to Act as ‘Lead Financial Advisor’ for $50M Raise by Custodial Platform, Koine.
Recognizing the need, and potential, for services surrounding custody of digital assets, Koine has recently announced their intention to host a $50 million equity raise.
The goal of this move is to facilitate, not only global growth, but the expansion of services offered through their platform.
In an effort to ensure their success, Koine has turned to US Capital Global Securities, placing the company on retainer as a ‘lead financial advisor’.
In the past, we have reported on US Capital Global Securities performing similar roles with other companies involved in the digital securities sector. One example of this, was their role as a placement agent in the CityBlock DSO.
While their suite of services offered will surely grow in time, Koine notes the following current capabilities:
- Custody of Digital Assets
- Real-time Settlement
- FIAT storage and payment gateways
- Online Access & API Connectivity
Upon announcing their partnership, representatives from each, US Capital Global and Koine, took the time to comment. The following is what each had to say on the matter.
Hugh Hughes, CEO of Koine, stated,
“Market reaction to Koine’s scalable, institutional-class solution for custody and settlement has been immensely favorable. As we enter 2020, we are focused on driving and supporting international participation in the digital assets marketplace with our applications for regulatory licenses in other trusted jurisdictions, in line with our aim to become the most highly-regulated solution for custody and settlement of digital assets globally…US Capital Global’s proven experience and valuable insight into capital formation, especially in the FinTech arena, will be tremendously beneficial to us at this crucial time in Koine’s development.”
Charles Towle, CEO of US Capital Global Securities, stated,
“It’s an honor to serve Koine as its placement agent and lead financial advisor for this upcoming investment opportunity as we engage selected dealers to expand the distribution of this offering. Koine is driven by an expansive, forward-thinking vision of the digital assets market that we at US Capital Global find very exciting.”
US Capital Global
In operation since 1998, US Capital Global is a well-known financial group, which is headquartered in San Francisco. One of the company’s affiliates is US Capital Global Securities – a broker/dealer licensed under FINRA.
CEO, Charles Towle, currently oversees operations of US Capital Global Securities.
Founded in 2017, Koine maintains headquarters in London, England. Above all, the company is working on the continued development of their suite of services, meant to solve custody and compliance issues within digital securities.
CEO, Hugh Hughes, currently oversees company operations.
As recently as yesterday, we were reporting on developments pertaining to custody solutions in the sector. With rising institutional interest in digital securities, and blockchain as a whole, these custody based solutions are imperative for ensuring a bright future.
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