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GSX, Prime FinTech, and Chong Sing FinTech form Hashstacs Inc.

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GSX, Prime FinTech, and Chong Sing FinTech form Hashstacs Inc.

The Gibraltar Stock Exchange, or ‘GSX’, has recently announced a new project in their endeavour to develop blockchain within finance.  This project will be a joint venture, with the GSX working alongside Chong Sing FinTech Holdings, and Prime FinTech.

Their partnership will be known as Hashstacs Inc., and will contribute towards the development of the GSX ‘STACS’ protocol, as well as a services such as the Hashstacs Enterprise Wallet.

Hashstacs Enterprise Wallet

Oft viewed as a major issue within the world of blockchain is the current lack of custody solutions.  Although there are various forms of storage available to the everyday trader, very little exists in the way of custodial solutions for institutional players.

Recognizing this, one of the first tasks to be completed by Hashstacs Inc., will be to develop the Hashstac Enterprise Wallet.  It is intended that this wallet will be not only secure, but scalable, to support the growing needs of the industry.  The wallet will employ safety measures such as multi-sig technology.

STACS

Short for ‘Securities Trading Asset Classification Settlement, STACS, will be a main focus of Hashstacs Inc.  This protocol will eventually be a global blockchain.  It will support various functions such as the issuance of digital securities.  Furthermore, the platform will not only allow for the trading of these securities, but provide clearing and settling services as well.

GSX

The GSX has been busy in recent months.  With multiple world-renowned stock exchanges scrambling to develop their blockchain based platforms, they have no intention of being left behind.  We have reported in past weeks on other GSX developments pertaining to the world of securities.  For the GSX, the race is on.

GSX CEO, Nick Cowan commented on Hashstacs Inc..  He stated, “This joint venture represents a major step forward in realising the GSX Group’s vision to build a trusted global financial services group for the new digital era, facilitating more efficient scaling and deployment of solutions as we see the tokenisation of financial markets develop. I’m very excited to work alongside the esteemed teams at Chong Sing Fintech and Prime Fintech Co. Ltd. as we collectively strive for blockchain development excellence.”

Prime FinTech

Seasoned in the ways of blockchain, Prime FinTech brings their experience within the field to the team.  In past years they have successfully helped various companies delve into blockchain and distributed ledger technology.

Chong Sing FinTech Holdings

Chong Sing FinTech Holdings focuses on helping SMEs throughout Asia.  They provide assistance to these enterprises through financial services support.  This support extends to fields such as blockchain, loans, payments, and more.

 

While these three companies work together to develop their own suite of products, they indicate their intention to continue development on the GBX Digital Asset Exchange.  This, alongside the various platforms in development today, paints a bright future for the integration of blockchain and finance.

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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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Token Solution Providers

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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