This partnership will see Modulus integrate various technologies, alongside the DS-Protocol, within their own offerings. In doing so, Securitize is gaining exposure to a client-base that has been developed by Modulus during their years of operation.
While the digital securities sector has produced various successful tokens, it remains young and in a state of development. These types of partnership ensure continued exposure and growth. Above all, if the sector is to flourish, companies outside of the blockchain industry need to be reached. Modulus has the potential to help Securitize do just that.
The CEO of each company spoke in their press release on this partnership.
Richard Gardner, CEO of Modulus, stated,
“…we’re thrilled to have secured a deal which allows Modulus to offer that technology to its clients within its own exchange solution – a solution capable of processing over ten million transactions per second.”
“Combined with our unsurpassed suite of exchange, risk, market surveillance, payments, custody, and digital asset liquidity solutions, there’s no provider on the planet as committed to regulatory concerns as Modulus.”
Speaking on behalf of Securitize was CEO, Carlos Domingo. He stated,
“By implementing our DS Protocol, their exchange solution will be Securitize ready, allowing Modulus’ customers to make compliant trades of digital securities across multiple exchanges and marketplaces.”
Modulus is a veteran in the financial services industry. They have been providing FinTech products to professionals from their offices in Arizona, since 1997.
Clients served during their years in operation extend from NASA to IBM, Microsoft, NASDAQ, and even Siemens.
Company operations have been overseen from day one by current CEO, Richard Gardner.
Securitize is a blockchain company with a focus specifically on digital securities. Since being established in 2017, the company has offered services which facilitate the creation, issuance, and management of this new asset class.
Since inception, company operations have been overseen by CEO, Carlos Domingo. As a result, under his charge, Securitize has gone on to arguably become the leader in the digital securities sector.
In Other News
This article marks the first time we have covered Modulus Global. However, it will surely not be the last. Securitize, on the other hand, is a mainstay in our newsfeed. For example, only yesterday we were reporting on Securitize bringing support for USDC. Here is a brief look at a few recent articles detailing their recent developments.
Horizon Globex Eyes Growth through 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:
- Global expansion of digital marketplaces
- Research and development
- Strategic acquisitions
- Sales and marketing
- Develop a Multi-Lateral Trading Facility (MTF)
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:
- Open Order Book
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.
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.
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.
Smartee looks to Change the Way Investors Store, Use, and Access, Digital Assets
Smartlands is back at it, with the announcement of another new product. The popular, U.K. based, company has used the tagline ‘One Friendly and Secure App for All Your Money’ to describe what they call ‘Smartee’.
The first steps taken by a new service can often be the most difficult. Recognizing this, Smartlands has decided to incentivize users into becoming early adopters of Smartee. They are doing this by reserving 10% of shares in Smartee for the first 1 million active users.
What can it do?
This new product brings with it multiple capabilities. Smartee functions, primarily, as a wallet for securely storing digital assets and FIAT currencies. Beyond simply storing such assets, Smartee also offers users cashback, based on their activity.
What makes this offering extra interesting is the future capability of the app to function as a ‘robo-advisor’ for accredited investors. This feature will take a pre-set percentage from a user’s account, and automatically invest these funds into STOs being hosted on the Smartlands platform (along with other investment vehicles, yet to be announced). Naturally, preferences for types of investments, amounts, etc., can be tailor set. The result is a passively generated personalized investment portfolio.
Of course, as these opportunities represent participation in the sale/purchase of digital securities, this feature is limited to accredited investors only; meaning that the user must pass required KYC/AML standards.
While this functionality is not live just yet, it is a feature that will be added in the future.
For those wondering what a ‘robo-advisor’ is, you probably aren’t the only one. The term typically refers to a form of investing that is based upon custom algorithms.
The appeal of such a service is the ability to remove human emotion and biases from the act of investing. In doing so, trading fees can be reduced, and minimum balances lowered/removed.
The main con, which people associate with such services, is often the same as its strength – a lack of human interaction. While fees may be kept down and human biases removed, there will, obviously, be a lack of human interaction. It is much easier to become educated, and personalize a portfolio, when opening a dialogue with a human.
Due to their low fees, and low minimum balances typically required, robo-advisors have opened the doors to investing for many non-traditional market participants.
Some of the more popular robo-advisors which invest in traditional markets include,
Upon announcing Smartee, Smartlands CMO, Yaroslava Tkalich, took the time to comment. He elaborated on their incentivization package by stating,
“Smartlands is a community-inspired company: our investors have voting rights, they get a say in investment projects Smartlands puts forth. We are building the Smartee ecosystem with the same community-first approach and are allocating 6 million member-shares (10% of the entire Smartee equity) for the first million of active Smartee users. In order to get the special Co-owner payment card and get the first 3 (three) of their member-shares, users need to register an account and pass KYC.”
Smartlands CEO, Ilia Obraztsov, also took the time to elaborate on the future functionality as a robo-advisor, stating,
“As accredited investors, Smartee customers will be able to configure the type and scope of their investment portfolio based on the offers available on Smartlands, and automatically transfer, for example, 1% of their daily expenses to a “digital piggy bank”. It’s a true definition of passive income with no hassle when your money just hums in the background 24 hours a day working quietly with no direct participation from you.”
Speaking with Arnoldas
To learn more about Smartlands, make sure to read an exclusive interview we conducted with Arnoldas Nauseda. While residing as CEO at the time, he has since transitioned into the role of Chairman.
Operating out of the United Kingdom, Smartlands is a forward thinking company, which has developed a variety of solutions built around digital securities. The company has found themselves at the forefront of the sector since their founding in 2017.
CEO, Ilia Obraztsov, currently oversees company operations.
In Other News
Smartlands has had a busy week, as they found themselves gracing our headlines only two days ago. While the promise of a secure wallet, which facilitates automated investing in STOs, is an intriguing idea, there needs to be STOs hosted in the first place. With this in mind, Smartlands recently began to collaborate with Sotheby’s International Realty. The pair are looking to tokenize multiple pieces of high-end real estate in the coming months.
VNX Exchange Hopes to Get in Front of Upcoming AMLD5 Legislation with Sumsub Collaboration
Recently launched platform, VNX Exchange, and compliance expert, Sumsub, have announced a new collaboration. This will see Sumsub provide the necessary technology, which will allow VNX Exchange to ensure compliance with European laws surrounding AML/KYC.
This move is a proactive one, being taken by VNX Exchange. They have indicated that they chose to collaborate with Sumsub, as they possess the ability to remain compliant with the upcoming AMLD5 European legislation.
These compliance measures are what allow for regulatory bodies to keep nefarious activity in check. This is done by, first, knowing who they are dealing with. This part is taken care of through KYC checks, which gather information such as legal names, place of residence, passport info, and etcetera. Next, AML puts roadblocks in place, designed to prevent the origins of money from being clouded.
Unfortunately, blockchain based endeavours (including digital securities), remain synonymous with nefarious activity, to date. Much of this stems from past markets that saw the ICOs boom and bust. The entire point of digital securities, however, is to offer the benefits of tokenization, through a regulatory compliant and legal manner. For this to be achieved, and to dispel pre-existing notions (warranted or not) surrounding blockchain based endeavours, AML and KYC remain of utmost importance.
As indicated above, compliance measures surrounding AML and KYC are of the utmost importance within the digital securities sector. Many companies have recognized this, and are in the midst of developing their own solutions for the issue at hand. The following companies are but a few of those leading the way.
Upon announcing their collaboration, representatives from each, Sumsub and VNX Exchange, took the time to comment. The following is what each had to say on the matter.
Alexander Tkachenko, CEO of VNX Exchange, stated,
“VNX Exchange is very serious about all aspects related to compliance and investor protection. For these purposes, we are leveraging the benefits and advantages of innovative compliance systems provided by Sumsub to create a seamless client experience and open access to the new class of liquid digital assets backed by venture capital investments.”
Jacob Sever, Cofounder of Sumsub, stated,
“AMLD5 is soon to gain full power and influence among all financial entities in Europe with reinforced AML demands. With many clients based in Luxemburg, such as JobToday, Wecan Group, etc., we see the demand for compliance and anti-fraud measures, and know how to ensure them. VNX is a serious and mature project, with founders and management from traditional well-respected foundations, so we are happy to provide them with a high-level solution, optimising compliance under the Luxembourg regulations.”
Founded in 2015, Sumsub is a tech provider operating out of London, U.K. Above all, services offered by Sumsub revolve around compliance. This includes KYC/AML, investor onboarding, and more.
CEO, Andrey Severyukhin, currently oversees company operations.
Founded in 2018, VNX Exchange operates out of Luxembourg. The team at VNX Exchange has recently announced the launch of their digital securities issuance platform, along with their inaugural STO.
CEO, Alexander Tkachenko, currently oversees company operations.
In Other News
Both, VNX Exchange and Sumsub, have found themselves in our headlines in the past. Now their past work has brought them together, as they work with one another moving forward. The following articles touch on past events pertaining to each company.