Laureate Digital Securities announced a strategic partnership today with the New York-based digital asset specialist AlphaPoint. The partnership centers on the development of a new security tokens platform. Laureate Digital seeks to build on the knowledge and technology provided by AlphaPoint through this latest venture.
Both firms believe that blockchain technology is on the brink of disrupting the enter asset management sector. In a recent interview, the President of Laureate Digital Securities, Nicole Biernat spoke on the platform’s goals. She explained how her company actively sought out partnerships with the best-in-class blockchain firms such as AlphaPoint.
According to Biernat, Laureate Digital’s new platform includes the ability to launch new tokens, administrate launched tokens, and a secondary trading market to increase liquidity. The company seeks to capture the growing tokenization market and AlphaPoint is an expert in this field.
Laureate Digital Securities
Laureate Digital Securities entered the market in early 2018. The company is listed as privately owned and is based out of Hamilton, Bermuda. Lawrence Newhook is the firms CEO. Newhook formerly managed assets for Point72 Asset Management LP for twelve years before taking on the new project.
The CEO recently spoke publicly at the Global Funds Forum in NY. The Global Funds Forum is a networking event that focuses on market alternatives. This year’s event held discussions on blockchain technology and private equity/deal flow. The event is supported by the Bermuda Business Development Agency and is in its 5th year running.
AlphaPoint’s white-label exchange entered the market in 2013. Since their inception, the firm saw considerable growth. Today AlphaPoint has partnerships with some of the biggest tech firms in the world including Intel, Microsoft, Hyperledger, Scotiabank, and the list goes on.
AlphaPoint offers white-label digital asset services to enterprises. The company specializes in both blockchain and fiat-based funding. AlphaPoint recently made headlines after successfully raising $15 million in first round funding with Mike Novogratz‘s Galaxy Digital. Additionally, the firm recently acquired Cboe’s former Head of Equity options, Kapil Rathi. At Cboe, Rathi led the execution of multi-exchange ETF options.
When asked about the partnership, AlphaPoint co-founder and President, Igor Telyatnikov explained that Laureate Digital already had the team in place and with the partnership; they now have the technical capabilities. He also touched briefly on the importance of creating a scalable platform when offering new opportunities to investors.
Big Movements in the Security Token Sector
The security token sector continues growing at an exciting pace. This month, multiple companies announced plans to develop platforms for the growing space. Many of these platforms utilize an all-inclusive approach to the market. Users can issue, purchase, and transfer security tokens without ever leaving these platforms.
AlphaPoint Experience – A Smart Move
Laureate Digital Securities definitely sought out the best when they chose their partnership with AlphaPoint. AlphaPoint’s experience is sure to increase investor confidence in the platform. Together, these firms have the potential to increase security token adoption in the market. The security token market continues its expansion and Laureate Digital seeks to be positioned for the coming developments.
SIX Acquires Stake in daura – SDX Exchange
A Strategic Advantage – SDX Exchange
Boerse Stuttgart Subsidiaries to Benefit from Investment by SBI Holdings
It is fair to say that SBI Holdings has decided to go all-in on blockchain based endeavours as of late. This has been made evident through various high profile investments. The most recent of which include Ripple, Securitize, and now Boerse Stuttgart – the latter of which we will discuss here today.
In an effort to usher in higher levels of adoption surrounding digital securities, SBI Holdings has invested in multiple branches of the Boerse Stuttgart group.
- Boerse Suttgart Digital Exchange
- Boerse Stuttgart Digital Ventures
Plans Moving Forward
In their announcement, it is clear that the rationality behind this new partnership is geared around global expansion. With SBI Holdings operating within Japan, and the various branches of the Boerse Group operation throughout Europe, the pair should find the partnership mutually beneficial.
Beyond simple expansion, the pair of companies closed out their announcement by elaborating on their plans. They stated,
“The SBI Group and the Boerse Stuttgart Group are partners in the digital asset business in Asia, including Japan, as well as in Europe. We will work together to build a global digital asset finance ecosystem utilizing blockchain.”
Upon announcing these investments, representatives from each, SBI Holdings and Boerse Stuttgart, took the time to comment. The following is what each had to say on the matter.
Yoshitaka Kitao, CEO of SBI Holdings, states,
“Due to the decentralized nature of digital assets, it is our top priority to find globally suitable partners to build our digital asset ecosystem. The SBI Group, with its trading platform for digital assets and other relevant companies, will make full use of the cooperation with the Börse Stuttgart Group to respond to the global customer interest in digital assets.”
Alexander Höptner, Chairman of the Management Board of Boerse Stuttgart GmbH, states,
“Asia and Europe are currently the fastest growing markets for digital assets. With the SBI Group, we have found an ideal partner to realize our vision of an efficient, global ecosystem along the value chain of digital assets. In addition to the exchange of knowledge and technology, the collaboration also covers the issuance, listing and trading of digital assets across borders, as well as brokerage services and building the first global bridge for custody.”
The Boerse Stuttgart Group consists of various branches such as Boerse Stuttgart Digital Exchange, and Boerse Stuttgart Digital Ventures. These two branches, in particular, have a focus on blockchain based endeavours, including the eventual creation of a secondary marketplace for digital securities.
An acting subsidiary of SBI Group, SBI Holdings, was launched in 1999. The company maintains headquarters within Tokyo, Japan, where they seek out, and establish, strategic partnerships with high potential companies.
CEO, Yoshitaka Kitao, currently oversees company operations.
In Other News
In recent months, each of the companies discussed here today have found themselves in our news feed. Whether launching a digital exchange, or making strategic investments, both companies have been quite active. The following articles are just a couple discussing recent moves by both.
DX.Exchange Goes Bankrupt – CX Technologies Ltd
Additionally, a host of suppliers have taken suit against the company. These suits run the gambit from unpaid bills to the alleged fraud. The well-known cybersecurity firm, White Hat Ltd is one of the company’s claiming losses due to DX.Exchange actions. Another lawsuit lists Bee2See Dotan B.S. Solutions. This is the firm that handled DX.Exchange targeted marketing. Even the company supplying the servers never got paid – Malam Team.
Writing on the Wall – DX.Exchange
Employees and suppliers knew to take action earlier in the month after the firm closed its doors unexpectedly. At the time, DX.Exchange owner Pinhas Patarkazishvili cited the rising costs and dwindled profits the exchange had left. He told employees that he was searching for a merger or acquisition and if that he was unsuccessful, the company would permanently cease operations.