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SGX Invests in iStox to Develop Security Token Platform

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The forming of partnerships, meant to expedite the development of cryptocurrency exchanges and take advantage of a fast moving market, is a popular thing to do right now.  While we reported just yesterday of a European securities exchange being developed, today we bring news of a similar product being developed in Singapore.

The Platform

This particular partnership consists of three companies joining forces to release a developed product.  The envisioned platform will offer the ability to not only trade, but issue security tokens.

Those involved in the project are iStox, SGX (Singapore Exchange), and Heliconia Capital Management.  The product to be developed by these companies is expected to launch in the near future.  Launch is predicated on the ability of iStox’ mother company, ICHX Tech, to receive a market operator licence.  These licences are issued by the Monetary Authority of Singapore.

Once active, the platform will require all who use its services to strictly adhere to the Singapore Securities and Futures Act.  Users will be restricted to accredited investors upon launch.  While the exchange will facilitate the issuance and buying/selling of tokenized securities, there will be no crypto-crypto trading.  Purchases on primary and secondary markets will all be completed between crypto/fiat pairings.

Security tokens are an intriguing and promising asset.  However, they are currently hampered by a lack of liquidity in the marketplace.  There simply are not enough places facilitating secondary markets and allowing their trading.  Products like the one being developed by this trio of companies are what is needed in the world of crypto to usher in these new and promising financial products.  A race to establish guidelines and regulations, and to develop platforms is being seen worldwide.  Only recently did we report on the United Arab Emirates and their plan for the industry.

iStox

Both founded and based in Singapore, iStox has multiple offices within the country.  They are a blockchain based online exchange.  As relayed on their website, they strive to be a ‘one-stop solution’ to capital market services.

It is believed that iStox gave up roughly 6.67% equity to each SGX and HCM.  This equates to a total of $1.43million ($730,000 each).

SGX (Singapore Exchange)

A globally renowned exchange, the SGX is known for hosting an expansive amount of listings.  They indicate that roughly 40% of companies listed on their platform have international origins.  By partnering with iStox, they look to bring their experience in traditional finance, and combine it with a specialized blockchain trading platform.

Executive Vice President and Head of Equities & Fixed Income, Chew Sutat, commented on the partnership.  He stated, “As capital markets evolve, companies will seek new funding avenues that suit their different stages of growth and business needs. To advance Singapore’s position as a world-class financial hub, we need innovative solutions that push boundaries and set new benchmarks. We believe this new platform by iSTOX will add to the vibrancy of Singapore’s capital market ecosystem, providing more options for issuers and investors alike.”

Heliconia Capital Management

Operating as a subsidiary of Temasek Holdings, Heliconia Capital is a growing investment firm.  Located in Singapore, they focus primarily upon investing in high-potential Singaporean companies.

Recognizing the opportunity that iStox brings to the table, Heliconia can now place them in their portfolio alongside other companies such as Ascent, CashShield, and more.

Derek Lau, CEO of Heliconia, stated, “We see iSTOX as a potential disruptor in the traditional capital markets. As an SME enabler, Heliconia is excited to support iSTOX in its journey to create the next-generation regulated capital markets platform. We hope this platform can extend the capabilities of Singapore’s current capital markets. More interestingly, we now have the chance to provide SMEs the alternative to capital raising and market liquidity by moving beyond traditional securities exchanges.”

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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.

Security Token News

Issuance Receives Investment from MD of Slim Ventures

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Issuance receives timely Investment from MD of Slim Ventures, LLC

It has just been announced by Issuance that they have received another investment. This marks one in a series of investments that have taken place over the past few weeks.

Mike Bishop was responsible for this move – the Managing Director of Slim Ventures. This is not Mike Bishop’s first foray in to the world of blockchain. For instance, he has previous experience in advising a variety of projects which have gone on to experience fantastic growth. One such example is the crypto-exchange, LAToken.

With knowledge gained through his past experiences in the blockchain industry, it is unsurprising to find that Mike Bishop has invested in Issuance. After all, they are shaping up to be a major player within the rapidly developing digital securities sector.

Commentary

Both the CEO of Issuance, Darren Marble, and Mike Bishop himself commented on the investment.

Mike Bishop JD, stated,

“Having acted as an advisor for several token offerings, I am particularly excited about the advantages that tokenized securities promise in creating liquidity to non-public investments, and with that, understand the importance of deal marketing to make liquidity a realization…As a deal marketing platform that connects and engages digital securities issuers and interested investors, Issuance is well-positioned to facilitate the exposure and investor pools necessary for tokenized securities to succeed.”

Darren Marble, CEO of Issuance, stated,

“We’re thrilled that Mr. Bishop has invested in Issuance…Mr. Bishop has been a proactive supporter in our mission, and his years of experience in business development and hands-on venture building makes him an invaluable resource as we scale our business.”

Slim Ventures, LLC

Slim Ventures was created with the purpose of providing a unique means of venture capital. Through offering ‘structured financing’ to start-ups, Slim Ventures has completed over $50 million in exits through a variety of industries. For example, these range from commercial and residential real estate, to veterinarian practices.

Issuance

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

Make sure to check securities.io again for future news on Issuance, as they have indicated future plans to tokenize themselves.

Recent News

Issuance has demonstrated a flurry of activity in weeks past. Whether establishing strategic partnerships, or securing timely investments, Issuance has an eye on the future. Here are a few examples of recent developments from Issuance:

Security Token Issuers to Benefit from Alliance of Issuance and VStock Transfer

PCG Holdings shows belief in security tokens with investment in Issuance

Issuance and Tokeny – Partnering with a Goal of Interconnectivity

Exclusive Interview with Issuance CEO – Darren Marble

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Digital Securities and Stablecoins to Benefit from ‘Wave of Innovation’

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The Future is…

Fresh off the launch of their first marketing campaign, Cameron and Tyler Winklevoss recently sat down with ‘Balancing the Ledger’. In this interview, the twins discussed cryptocurrencies at large. The overall theme was regulation; what Gemini is doing to support it? and where is it needed?

Two areas in which the twins see much promise are stablecoins, and of course, digital securities.  For example, speaking on the promise of tokenized securities, it was stated, “The ICO mania of 2017 – we kind of view that as the pets.com of the securities token world. They were unregistered and it was crazy town for about six months there. I think the next wave will see the real innovation, and the really interesting assets that become tokenized – like real estate, like buildings that are not currently really traded in liquid fashion. So that’s exciting.”

Working together

One interesting takeaway from the interview was the twins’ perspective on the relationship between stablecoins and digital securities. They noted that security token issuers could capitalize on the benefits of stablecoins, by using them to issue dividends.

Stablecoins are designed to inherently have less volatility than regular cryptocurrencies.  By using them to issue dividends to token holders, issuers would be able to capitalize on the efficiency of a digital currency, while reducing exposure to volatility.

Regulation a good thing

Regulation can be a difficult balancing act between allowing innovation, yet ensuring safe practices. Despite this difficulty, it is still a necessity. Multitudes of investors have lost fortunes on un-regulated ICOs, as made evident throughout the last two years.

It is this very problem that has led to the popularity of the regulated digital security offering. The twins echo this sentiment, as seen in their marketing campaign, pushing for a regulated crypto.

Gemini

The Gemini headquarters are in New York.  The company was founded in 2014, and is a product of cofounders Tyler and Cameron Winklevoss. Above all, Gemini acts as both a custodian and exchange for digital assets. In the time since its inception, Gemini has taken a unique approach to growth, by embracing regulation from day 1.

When asked if Gemini would venture into other sectors, Cameron indicated a desire to expand into digital securities. He stated, “Virtual securities tokens is a real thing – and those sort of backed by real assets, there is a bright future there, and we may move into that.”

Winklevoss Twins

It is hard to find someone that hasn’t heard of the Winklevoss twins. They are Olympic Athletes, that have gone on to be wildly successful in the world of finance.

The brothers, Tyler and Cameron, are currently enveloped in advancing the world of blockchain. As they are believed to be one of the largest holders of Bitcoin in the world, this is no wonder. They closed out their interview by jokingly saying that ‘only Satoshi has more’.

 

To view the interview in its entirety, click HERE.

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Security Token News

Swarm to create Security Tokens for FREE

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Free Tokenization

Launching digital securities just became a little easier for interested companies. In a just released statement, Swarm, has announced they now offer ‘no-fee issuance of digital securities’.

This no means that not only can investors take part in security token offerings with no fees, but no asset owners can join them in the savings.

Speaking on the decision to provide free tokenization was Swarm CEO, Philipp Pieper. He stated the following,

“In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand and scale the adoption of digital securities, we have designed a way to not only make tokenization free, but to reward token issuers in the process,”

Intimidation Factor

Swarm has made it a goal of theirs to lower the barriers of entry into the market. Until recently, the idea of tokenization, and issuance of digital securities, was an intimidating thought.  For instance, here are a couple other articles in which we discuss developments by Swarm.

The aforementioned press release marks yet another way in which Swarm has made the process easier for those interested.

Singing Their Praise

‘TheArtToken’ is one of the most successful STOs to be hosted on the Swarm platform. This fund, which provides investors with fractionalized ownership of post-war and contemporary art, recently raised great than $16 million. Services rendered by Swarm, facilitated the entire process.

Levent Süer, representing ‘TheArtToken’, commented on the alliance. He stated, “Swarm has always been on the leading edge of tokenization. Their platform made it easy for us to issue TheArtToken to the specifications of our legal counsel, and their model enabled us to focus our budgets on legal, marketing, and other crucial costs. Their stake-to-issue model not only gives us skin in the game, but the extra incentive of staking rewards means that in addition to paying no fees, we now earn SWM each month,” said Levent Süer of Fine Art Digital / XBlocks.

For more information on ‘TheArtToken’, check out our recent article detailing their goals.

TheArtToken : Preserving Wealth on the Blokchain – With Art

BTC Miami

Swarm CEO, Philipp Pieper, will make an appearance as a guest speakers at the ‘North American Bitcoin Conference’ in Miami.  This event provides a perfect stage to convey what it is Swarm does, and how they are advancing the digital securities sector.

Swarm

Swarm is based out of Palo Alto, California. The company was launched in January of 2018, and represents a decentralized capital market place. For example, they offer a range of services which facilitate the tokenization, sale, and issuance of company assets.

Swarm was named after the idea that through their services, asset creators would gain access to ‘swarms’ of investors.

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