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Issuance partners with Prime Trust

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Issuance partners with Prime Trust

Issuance partners with Prime Trust

It was just announced by Issuance, that they have partnered with a financial institution. Known as Prime Trust, this company brings multiple capabilities to the table, greatly expanding the services offered through Issuance.

A shared vision brought on this alliance – foster growth within the securities sector. As a result, those utilizing the bridging services of Issuance, will have easy access to a variety of financial services as well.

It also comes as part of a recent string of developments on behalf of Issuance. Each development has expanded their access to new services through their growing ecosystem of partnerships.

Issuance

Issuance was founded in 2018, and is based out of Los Angeles, California. The main purpose of the company is to act as a bridging platform. Above all, Issuance works to connect investors with appropriate digital securities issuers.

Issuance CEO, Darren Marble, spoke on the partnership with Prime Trust, stating, “The issue of trust and custody — how to safely store digital securities and other digital assets — has always been a weak point in the industry…Coming out of the ICO era, investors demand reliability, safety, and trust in the burgeoning digital securities space. We are honored to partner with Prime Trust to support the increasing demand for creative SEC-compliant fundraising solutions by both private and public companies.”

Issuance has recently found themselves on our radar as of late. Only last week, we were reporting on their newly established partnership with Vertalo. Between these two partnerships, Issuance is becoming a well-rounded, platform.

In addition to establishing new partnerships, Issuance plans to indeed ‘practice what they preach’. They have indicated that in the near future, they will be issuing digital securities of their own. It is expected that once released, these tokens will be available to trade on platforms such as OpenFinance Network.

Prime Trust

Prime Trust was founded in 2016, and is based out of Las Vegas, Nevada. The company brings various services to the table in their partnership with Issuance. For instance, Prime Trust offers custody solutions, processing services, and more. All while adhering to AML and KYC regulations.

Prime Trust CEO, Scott Purcell, commented on the partnership. He stated, “Our partnership with Issuance supports our mission of better serving the evolving demands of both capital markets and growing companies…While we help ensure our clients execute compliant offerings from the start, Issuance steps in to fill the critical role of advising companies on how to successfully access funding and by presenting investors with desired deal flow.”

This is not the first time that Prime Trust has made the news recently. In late August of 2018, the company announced a partnership with Polymath. That particular alliance would see Prime Trust provide custodial services for ST-20 tokens.

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Security Token News

Archax Gears up for Launch with Quod Financial

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Archax Gears up for Launch with Quod Financial

AEP Integration

Today, a forth coming digital securities exchange, Archax, has announced a partnership with Quod Financial. This pairing will see Archax turn to Quod Financial for various services, ranging from smart-order routing, trade automation, to order management and more.

These services are made available through integration with Quod Financial’s ‘Adaptive Execution Platform’. Capabilities made possible through this platform will allow for Archax to effectively deliver their product to institutional investors this coming year. If they achieve this goal, Archax will become – with the help of Quod Financial – one of the first offerings of its type seen in the industry.

Commentary

In their press release, representatives from both companies took the time to elaborate on the development.

Mickael Rouillere, CTO of Quod Financial, stated,

“Archax will be the first venue to bring digital asset trading into the mainstream financial community. Existing crypto venues have been primarily retail driven, and so it has been incredibly challenging for our buy-side and sell-side clients to include any form of blockchain-based instruments in their portfolios as they have lacked a regulated and stable venue. Given the rigorous selection process, we are proud to have been selected for this market-changing project to bring both digital assets as well as our data-driven execution intelligence to a wider audience.”

Graham Rodford, CEO of Archax, stated,

“We wanted to find a best-of-breed partner with an established and proven trading platform used by both the buy-side and sell-side. And one that was ready to handle the complexities of digital assets. Quod’s open, scalable and robust platform fitted the bill perfectly and we are happy to be able to offer it to clients as one of the ways of accessing our exchange…A key decision when evaluating technology providers from the traditional world was to find a platform that could be fully customised to support the new and developing security token space. Quod’s design, using industry standard architecture, allows easier customisation when required. That, coupled with their experience of handling high throughput trading for many tier-one banks and an array of other established regulated clients, made them an ideal partner.”

Quod Financial

Quod Financial is an established company specializing in capital markets. Since their launch in 2004, the company has expanded from London to maintaining offices in New York, Paris, Hong Kong, and Dubai.

Company operations are overseen by CEO, Ali Pichvai.

Archax

This London based company was founded in 2018 by Graham Rodford, Matthew Pollard, and Andrew Flatt. The company is aiming for a 2019 launch of their platform, designed to act as an exchange for digital securities.

In Other News

Archax, in particular, has found themselves in our news feed various times in past months. They have had an impressive development period, resulting in investments from SPiCE VC among others. Check out the articles below to learn a little more about Archax.

SPiCE VC invests in Digital Securities Exchange, Archax

Archax – A Bridge to the Digital Economy

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seriesOne to Utilize ST-20 Standard by Polymath

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Various companies have made announcements detailing intended usage of token standards lately. As the development of various crowdfunding platforms in the digital securities sector continues, the time has come for many to choose what they feel is the most promising standard. With this in mind, seriesOne has just announced that they have partnered with Polymath.

This partnership will see seriesOne utilize the ST-20 token standard to issue and manage digital securities. The ST-20 protocol is based off of the Ethereum blockchain, and will allow for seriesOne to maintain compliance with global regulations governing the industry.

The Future is ST-20

For seriesOne, it was a simple choice to settle on ST-20. This token standard was one of the first to be developed specifically with digital securities in mind. As such, Polymath has had more time than most to develop, hone, and market their offering. This effort has seen the standard adopted by various companies, with seriesOne being the most recent.

Commentary

In their press release, the CEOs of each company took the time to express their thoughts on the announced partnership.

Michael Mildenberger, CEO of seriesOne, stated,

“Investors around the world trust Polymath, which was fundamental to our decision to work together…We are confident that working with the Polymath team using the ST-20 protocol will enhance the process of raising capital on our platform.”

Kevin North, CEO of Polymath, stated,

“Polymath is proud to work with innovative partners like seriesOne, who has fulfilled a specific demand for a turnkey financing portal for any fundraising process…We are thrilled to be the chosen technology standard for the seriesOne platform, and we look forward to demonstrating yet again how industry can work together to set a standard for creating and managing a successful Security Token Offering (STO).”

seriesOne

seriesOne is a crowdfunding platform, which specializes in the issuance, distribution, and management of digital securities. Through their platform, issuers are able to effectively, and efficiently, host security token offerings. The company is based out of Miami, and was founded in 2013.

Polymath

Polymath is a Canadian company, which maintains headquarters in Toronto. The company was established in 2017, and is spearheaded by CEO, Kevin North.

To date, Polymath and their token standards remain one of the most adopted solutions in the young world of digital securities. Their own utility token is available for trading on various industry leading cryptocurrency exchanges such as Poloniex and Bittrex.

In Other News

Each of these companies discussed here today have found their way into our headlines in recent months. For a look at what they have been up to recently, make sure to check out the few articles listed below!

Bithumb Announces New US Security Token

Digital Securities Consortium formed Between Industry Participants

Polymath Proves DEX Security Token Concept

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Assurely presents the CrowdProtector

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Assurely presents the CrowdProtector

Investor Protection

In a recent announcement, Assurely and AXA XL have indicated they are teaming up. The result of this partnership is the launch of the CrowdProtector insurance service.

In this relationship, AXA XL provides the insurance, while Assurely has developed the platform to deliver this service within the blockchain industry.

CrowdProtector

CrowdProtector is a service that was designed by Assurely, with the intent to provide all participants in crowdfunding events with insurance. The crowdfunding events that this product is tailored towards includes the increasingly popular, STO.

The product works on two main fronts.

  • Protect the issuer
    • Ensures protection from potential lawsuits brought forth by disgruntled investors
  • Protect the investor
    • Ensures issuers remain compliant with obligations and transparent with operations, with compensation otherwise

With one of the main draws behind STOs being the safety associated with the process, it is only logical that a third party insurance service would be developed. A service such as CrowdProtector should come as a welcome development for conservative investors looking to partake in the growing sector.

Early Adoption

Despite only recently launching, the CrowdProtector service has seen early adoption through various platforms. A few examples of these include TruCrowd, CryptoLaunch, Silicon Prairie, Fundanna, and Nvsted.

Commentary

In their press release, representatives from both Assurely, and AXA XL, took the time to comment on this development.

David Carpentier, CEO of Assurely, stated,

“New economic markets, such as crowdfunding or online capital formation, create great new opportunities for the Main Street investor, but also pose new risks…To combat new risks in new markets, investors look for a symbol of safety, validity, and trust. Online capital formation and crowdfunding – both equity and STOs – lack this symbol today. This marketplace needs trust, safety, and confidence among both issuers and investors to thrive; something that regulations and funding portals alone may not completely satisfy.” 

Dan Kumpf, CUO of AXA XL, stated,

“We are excited to partner with Assurely and their technology-based underwriting of CrowdProtector™ policies…This solution demonstrates the value of insurance in helping opportunities move forward. New crowdfunding practices are proliferating today. Without proper coverage, millions are at risk. Our work with Assurely is a great example of innovation in the industry. Collaboration between incumbents and innovative InsurTech startups such as Assurely, will yield a positive result for the industry and advance it as a whole.”

AXA XL

AXA XL is a branch of the world renowned insurance provider AXA. They are a company which employs thousands of individuals globally. They maintain 19 offices in 17 different countries.

Assurely

This New York based company was founded in 2016. They have strived since, to develop a platform allowing for the integration of traditional insurance services within the world of blockchain. The culmination of these efforts, since launch, have led to the aforementioned CrowdProtector Platform.

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