Connect with us

Security Token News

Laureate Digital Partners with AlphaPoint on New Security Token Exchange

mm

Published

on

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 President Nicole Biernat via Linkedin

President of Laureate Digital Securities Nicole Biernat via Linkedin

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

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 via Company Website

AlphaPoint via Company Website

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.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including bitcoinlightning.com

Security Token News

KoreConX partners with SME Brokers

mm

Published

on

Integration

It was announced recently by KoreConX that they have partnered with and Australian start-up, known as SME Brokers.

This partnership entails SME Brokers exclusively using the platform offered by KoreConX.  In doing so, they will bring the benefits made possible through digital securities to their network of enterprises.  With a portfolio of over 60,000 SMEs worldwide, their reach is far extending.  Each of these companies will now have the ability to issue their own security tokens with ease.

This platform, offered by KoreConX, utilizes their very own security token protocol.  These are known as KoreTokens.  These KoreTokens incorporate AI to self-govern.  This means that these tokens will always remain compliant to regulations throughout their lifecycle.

It is this type of flexibility afforded through KoreTokens and the KoreConX platform that attracted SME Broker.  With KoreConX currently undergoing their very own STO, and utilizing the KoreToken for the process, they should be well set to make their mark in the industry.

KoreConX

Undergoing a recent expansion, SME Brokers now find themselves with operations on both Wall Street, and in the heart of Silicon Valley.

The team at KoreConX describes themselves as a utility knife.  Their developed platform is diverse in its functionality. Through it, they are able to provide any needed assistance to a company throughout their growth cycle.

In recent weeks, KoreConX has announced similar partnerships with both Evoke Capital, and BlockchainAgility.  Those that have come on board to utilize the KoreConX platform are part of what they call the ‘KorePartner Ecosystem’.

Commenting on the SME Broker integration was KoreConX CEO, Oscar Jofre.  He stated, “As a global platform, it is important for us to demonstrate we have KorePartners who understands our business and supports it 100%.  SME Brokers is just that partner for us at KoreConX. They understand small and medium-sized companies and see the changes in the global marketplace…This is why they support our security token protocol and platform exclusively in Australia, and we are thrilled to have them part of our family of KorePartners.”

With the developing of their KoreToken, KoreConX has broken the mold of utilizing ERC-20.  In recent weeks they have spoken out on their protocol.  They believe it will better serve not only companies like SME Broker, but the industry as a whole.

SME Brokers

Through its access to various forms of management and development programs, SME Brokers is able to aid the growth of their network of SMEs.  Now, with this partnership, their toolbox for helping companies grow has grown even larger.

SME Brokers’ managing director, Michel Aliphon, spoke on the use of the KoreConX platform.  He stated, “We always strive to provide the best solutions to our clients. We can rest assured knowing that KoreConX developed a security token protocol and an all-in-one platform that is mainly focused on compliance and follows the regulations in multiple jurisdictions.”

Continue Reading

Security Token News

Vertalo Partners With Securrency, Integrating Protocols Into Platform

mm

Published

on

Integration

Vertalo and Securrency have announced a new partnership.  This will see Vertalo integrate token protocols developed by Securrency onto their platform.

This platform integration will allow for Securrency to benefit from the cap table services, compliance oversight, and other offerings by Vertalo.

One such offering will be open to those that issue their own security tokens via Securrency.  They will now gain access to Vertalo’s ‘Liquidity Enablement Platform’.

What all this means is that companies interested in issuing their own digital security, can do so with relative ease.  They will be able to rest assured, knowing that their issued tokens are fully compliant with securities regulations.  At the same time they will also benefit from an increase in coveted liquidity.

Protocols

These protocols are known as CAT-20, and CAT-721.  Each are tailored for use as security tokens.  CAT stands for Compliance Aware Token, and is marketed as an ‘interoperable ledger-agnostic security token protocol’.

After issuance, these tokens can be utilized on any blockchain.  This may range from ETH to EOS, and even STR.  These tokens inherently govern themselves, to ensure constant adherence to regulations.

The announcement of these protocols was made in early October in a press release.  Here, Securrency CEO, Dan Doney, stated, “We developed the CAT-20 and CAT-721 standards because security tokens should be truly liquid – they should not be limited to one ledger and they should be easy to trade, transfer and regulate…This new protocol will enable speed, efficiency and transparency for issuers – from Wall Street to Main Street – while meeting compliance at a global scale.”

Vertalo

Founded in 2017, Vertalo is based out of Austin, Texas.  They specialize in both compliance and communication services, for companies based on blockchain.

Speaking on the partnership with Securrency was Vertalo CEO, Dave Hendricks.  He stated, “Securrency has identified compliance as a precondition for adoption of digital assets by regulated financial institutions.  Through its integration with Vertalo’s Registry and compliance service, Securrency enables issuers, broker-dealers and custody platforms to launch offerings that eliminate regulatory hurdles and meet internal risk management requirements.”

With other partners such as OpenFinance, Polymath, PrimeTrust and more, Vertalo is set to become a major player within the security token industry in the coming years.

Securrency

Founded in 2015, Securrency is based out of Washington, D.C.  They are a technology company that facilitates the issuance and trading of digital securities.

Speaking on the partnership with Vertalo was Securrency CEO, Dan Doney.  He stated, “Through this unique pairing, Vertalo and Securrency will be able to provide their clients with the promised compliance alongside improved liquidity for their assets, thus ensuring a seamless trading process unparalleled by other organizations. We believe that this collaboration will help us follow through on our commitment to simplicity and transparency for our clients.” 

Continue Reading

Security Token News

Malta To Have First Gold Back Security Token

mm

Published

on

Malta To Have First Gold Back Security Token

The crypto friendly country of Malta is again in the news after the signing of a Memorandum of Understanding (MOU) regarding the issuance of precious metal-backed tokens. The agreement explains the intent of the Canamex Gold Corporation to issue a gold and silver backed token.

These security tokens are the first precious metal-backed tokens to receive official licensing from a government. Canamex Gold Corporation plans to list their new tokens on the Malta Digital Exchange (MDX). There are significant advantages that the MDX partnership brings to the equation.

For one, MDX is based in Malta. Malta is a pioneer in the blockchain space. The country was one of the first in the world to release crypto legislation which included specifics regarding distributed ledger technology. It is this regulatory framework which makes Malta an ideal location for blockchain-based businesses.

Speaking on the strategic partnership, MDX CEO Rick Klink discussed the advantages gained from working with Canamex Gold Corp. He spoke on blockchain technology and its ability to “democratize capital markets globally.” He explained how the transparency provided by this innovative FInTech is essential for the development of the market.

Rick Klink via Linkedin

Rick Klink via Linkedin

Last month MDX announced the launch of their institutional grade security token platform. After recognizing the growing need for more regulatory measures, executives decided the security token arena fit the company’s goals. The platform utilizes Paritech technology that simplifies the trading process. Additionally, the exchange received licensing from the Malta Financial Services Authority.

MDX Adds Liquidity

MDX will provide a secondary trading market for Canamex Gold’s GOLDUSA and SILVERUSA tokens. Canamex Gold’s CEO described the partnership between the two as an exclusive deal that has the potential to “move the needle” in terms of security token adoption.

By speaking on “moving the needle.” Klink pointed out the fact that the concept of precious metal backed tokens is not new. Numerous firms such as GOLDX have offered similar services since the beginning of the year. The Russian government even discussed the concept in September 2018. What makes the MDX partnership deal unique is the use of security tokens.

Security tokens adhere to strict government standards. Unlike utility tokens, all security token offerings require the token issuer to provide company information such as financial statements, management process, and company location.

These requirements protect investors from the high level of fraud committed in the cryptospace every year. The Statis Group conducted a study that found that 80 percent of ICOs in 2017 were scams.

Likewise, investors must provide additional information when compared to a traditional utility token transactions including undergoing identity verification. There are no anonymous security token transactions. Security tokens follow securities guidelines.

Malta Sets the Stage

Both the US and EU have shown signs of hesitation when approaching the regulatory framework needed to further security token adoption. The Maltese Parliament saw the need for detailed crypto regulations and took the initiative. Now, Malta intends to take the lead in security token adoption.

Continue Reading