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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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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.

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Industry Participants Finding Footing within Evolving Digital Securities Sector

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Industry Participants Finding Footing within Evolving Digital Securities Sector

Rotating Rosters

As the digital securities sector finds its footing, so too are the companies involved with its development. As a result, we have seen various hiring and shuffling among high ranking employees at a variety of companies within the sector.

While some of these moves were undertaken in an attempt to infuse operations with new talent, a variety were simply repositioning workforces to ensure employees thrive. The following are a few examples of rotating rosters this past year – some under the radar, and some high profile.

HighCastle

In a statement from Philip Millar, he touched on the potential of HighCastle.

“It’s very interesting to observe how the entire trading and investment industry evolves with the hype of technology and digital communications. I believe the development of blockchain-based investment marketplaces is bridging the gap between the new economy and institutions, fintech companies and their clients. I’ve recognized a huge potential in the HighCastle platform, technological and business ideas which the HighCastle founders are working to implement, and I’ve gladly taken the invitation to support and contribute to the Company’s growth.”

Polymath

This was a move that flew under the radar, as Polymath saw their Cofounder, and first CEO, Trevor Koverko, step down from his role. While he remains active with the team, day-to-day operations at Polymath are now overseen by Kevin North.

Smartlands

Smartlands has indicated that this move was undertaken in an effort to allow Arnoldas to concentrate on strategic expansion, in addition to business development. Smartlands indicates that building on his experience as CTO, Ilia was an ideal fit for replacing Arnoldas as CEO, due to the company’s focus on technological solutions.

Swarm

Duties associated with this role have been assumed by continuing Swarm employees. While Chris Eberle remains as an advisor with Swarm, he has transitioned into a new role with Netflix.

Templum

Speaking on her hiring, Kimberly Corrigan stated,

“Throughout my career, I’ve witnessed significant changes in public market infrastructure while the private markets’ infrastructure has largely remained unchanged. Joining Templum allows me to play a significant role in evolving the private markets by helping to increase exposure to alternatives through Templum’s industry leading end-to-end technology solution, which addresses a number of obstacles that both issuers and investors experience today.”

Overstock

Without a doubt, this changing of the guard remains the highest profile move in recent months. Patrick Byrne was an enigmatic leader of Overstock (mother company of tZERO). His ousting was truly bizarre, as the event was surrounded by storylines involving Russian spies, and allegations of market manipulation.

Thankfully, Overstock was ripe with talent, and was able to immediately promote a competent replacement from within their ranks.

Speaking on his promotion to CEO of Overstock, Jonathan Johnson had the following to say,

“Overstock has two unique businesses…I have run both, and I know how to unlock the value in each. I’m confident we can rapidly return our retail business to profitable growth. Our transformative blockchain businesses continue to lead their respective industries by getting real products into production.”

On-Going Process

As stated before, these are just a few examples over the past year of rotating rosters among companies within the digital securities sector. There will, no doubt, be more to come as these participants find their footing in the rapidly developing industry.

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DigiMax Eyes European Expansion through Black Manta Partnership

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DigiMax Eyes European Expansion through Black Manta Partnership

Collaboration Agreement – DigiMax & Black Manta Capital

Two companies involved in digital securities have just announced a new partnership, which will see their expansion into Europe.

DigiMax, a Canadian based company, has partnered with German based, Black Manta Capital. This partnership was undertaken, as DigiMax looks to expand their operations into Europe. This is possible through the privilege of licensure, awarded by BaFin to Black Manta Capital a few short months ago.

Germany Acceptance

Countries such as Switzerland, Malta, etc., are most likely the first to come to mind with regards to blockchain acceptance. Germany is near the front of the pack with their treatment of the technology. This is made evident by BaFin, and their open approach to innovation.

Radoslav Albrecht, CEO of BitBond, recently penned his thoughts on German Regulators, and the process involving STO approval in the nation.

How to Get an STO Approved by German Regulators

Commentary

Representatives from each, DigiMax and Black Manta Capital, took the time to comment on this new partnership. The following is what each had to say with regards to the move, and future expansion.

Alexander Rapatz, Managing Partner of Black Manta Capital, stated,

“Tokenization in the core financial field of securities will – for sure – bring paradigmatic change to the global financial markets. While Black Manta wants to be ‘boutique’ in its beginnings and run ‘handpicked’ STOs only, our strategy is global from day one: the first step is to link Europe and Asia on one blockchain-based investment platform.  For this reason, we are excited to work with DigiMax who has already built a great global network of participants that can take advantage of our newly licensed platform.”

Chris Carl, CEO of DigiMax, stated,

“DigiMax recognizes Black Manta as one of the leading licensed service providers in Europe capable of assisting clients to raise capital and to list digital securities in Europe, starting with Germany…We respect how difficult it is to gain these approvals from the financial supervisory authorities in Europe, and to have done so represents a substantial accomplishment on the path leading toward global digitization of securities. We are excited about working with Black Manta on several such projects in the immediate future.”

DigiMax

Operating out of Toronto, Ontario, DigiMax is a service provider for the digital securities sector, which was launched in 2017. They are ‘exempt market dealers’, which have set out to develop a suite of services to facilitate capital generation events, such as STOs and DSOs.

CEO, Chris Carl, currently oversees company operations.

Black Manta Capital

Operating out of Luxembourg, since 2018, Black Manta Capital specializes in the development of tokenization services. These services are offered as a comprehensive platform, for use by potential token issuers looking to raise capital.

Managing Partners, Christian Platzer and Alexander Rapatz, currently oversee company operations.

The company is also the recent recipient of a BaFin issued licensure, which allows them to host STOs/DSOs.

BaFin Approves German Based STO Platform by Black Manta Capital

In Other News

BaFin, the German regulatory body responsible for the approval of various blockchain related endeavours, has caught our attention on various occasions. The following are two instances of companies looking to utilize blockchain technology, which were given the greenlight by BaFin.

Boerse Stuttgart Launches Digital Exchange

BitBond Gains Approval of BaFin to Host Security Token Offering

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Fundament Group Receives Strategic Investment from Bauwens Group

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Fundament Group Receives Strategic Investment from Bauwens Group

Investing in the Future

Bauwens Group, a German based real estate developer, has announced that they have invested in Fundament Group.

With Fundament Group looking to change the way real estate projects are financed, through the implementation of blockchain technologies, they caught the eye of Bauwens Group. The latter has recognized the potential cost savings, and ease of access to capital, that blockchain can offer.

Real estate continues to be a popular implementation for the tokenization of assets, and the entrance of a giant developer such as Bauwens Group continues to support this.

Building Momentum

The investment in Fundament by Bauwens is just the latest in a recent string of positive news surrounding the company.

We recently covered Fundament Group, and their approval by BaFin, for an upcoming STO involving German real estate. The following article discusses this in greater detail.

Fundament Group to Issue €250M in Security Tokens backed by German Real Estate

Commentary

Upon making their announcement, Alexander Jacobi, Managing Director at Bauwens, took the time to comment on the investment. The following is what he had to say on the matter.

“We are delighted to announce this partnership with Fundament Group which recently achieved a decisive breakthrough in Germany by securing the first regulated tokenized real estate bond. The Fundament Real Estate Token is an extremely interesting option for selling our real estate and we are proud to support them with our real estate and digitization expertise. By partnering with Fundament Group, Bauwens is positioning itself sustainably in the emerging real estate tokenization market.”

German Regulators

One of the reasons that Germany has started to become popular for developments, such as the one discussed here today, is clarity afforded to industry participants by their regulators. The following article takes a look at some of the steps necessary for getting regulatory approval for a German based STO.

How to Get and STO Approved by German Regulators

Fundament Group

This Berlin, Germany, based company was founded in 2018. Since launch, the team at Fundament Group have worked to create a comprehensive platform tailored towards the tokenisation of assets, such as real estate.

CEO, Thomas Ermel, currently oversees company operations.

Bauwens Group

With almost 400 employees, and billions worth of real estate under their management, Bauwens Group represents one of the largest real estate developers in Germany. The company has grown to such stature since their founding almost 150 years ago in 1873.

In Other News

To date, Germany has continued to be one of the more forward thinking countries with regards to digital securities. This has been made apparent through parties from various sectors showing interest in blockchain. This includes, not only real estate, but big banks as well, with the following articles demonstrating this.

BaFin Approves Germany based STO Platform by Black Manta Capital

Boerse Stuttgart Launches Digital Exchange

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