‘Patent Finance Market’
In a just announced development, Templum Markets has detailed a new partnership with IPwe. This alliance will see the formation of a new marketplace tailored towards both SMEs and Fortune 500 companies.
The goal of this move is to create a new framework, which will facilitate efficient financing of protected intellectual property. What this means is that accredited investors, from a variety of industries, will now gain access to a previously inaccessible asset class. Simply put, IPWe has developed the ability to value and assess issued patents, while Templum will facilitate the tokenization and trading of the intellectual property.
The CEOs of both IPWe and Templum Markets shared their sentiments on this newly formed partnership.
Erich Spangenberg, CEO of IPWe, stated
“By partnering with Templum Markets, we are able to offer companies a new opportunity to obtain financing based on the significant investments they’ve made into their IP and the strength of their patent portfolio…Today, a very high percentage of companies’ balance sheets are intangibles and we think there are incredible macro and micro benefits that extend from bringing liquidity to the patent asset class. When you think of patent finance opportunities as an owner or investor, we want you to think of Templum Markets and IPwe.”
Vincent Molinari, CEO of Templum Markets, stated,
“This partnership marks a turning point for the vastly untapped value of patents…We look forward to working with IPwe to offer investors the opportunity to access this non-correlated asset class, giving them an opportunity for efficient private market secondary liquidity. Combining our respective expertise, we are able to start building what we believe will become a substantial market opportunity.”
IPWe maintains headquarters in Paris, and was founded in 2017. The company represents the world’s first ‘global patent market’. The goal is to bring new levels of efficiency to a disjointed industry, through the implementation of new technologies, i.e. Blockchain and AI.
Company operations are spearheaded by CEO, Erich Spangenberg. In addition to a long history in the patent industry, Mr. Spangenberg is also a former corporate lawyer and investment banker.
IPWe has also recently had the distinction of being named one of the ‘Top 10 blockchain Start-ups’, by IBM.
Templum was founded in 2017, and is based out of New York City. Above all, Templum specializes in offering blockchain services tailored towards digital securities. This includes platforms for both secondary markets and initial fundraising efforts.
In Other News
Here at securities.io, we have had the pleasure of previously interviewing Erich Spangenberg. Check out the article below to learn more about IPWe and its role within the industry at large.
BitGo Works Towards ‘Full-Stack Solution’ with Harbor Acquisition
With roots in custodial services surrounding digital assets, BitGo has established themselves as an industry mainstay since their 2013 launch. In the time since, the team behind the Californian company has managed to expand their offerings, growing with the industry it serves.
BitGo has clearly recognised a major shift in the world of blockchain, as digital securities have captured the interest of investors and companies, alike. Not content with complacency, BitGo has just announced the acquisition of digital securities tokenization platform, Harbor.
On the surface, this move may have caught some by surprise. When looking closer, however, this isn’t necessarily the case. BitGo has shown a proclivity for acquisitions in the past, which have each expanded their services in a direct manner. The pairing of BitGo and Harbor is one that dates back multiple years, as the companies have long worked with one another.
Through their complimentary services, pre-existing relationship, and past actions, the deal looks closer to obvious than a surprise.
At the time of writing, financial details surrounding this acquisition have not been made available.
As stated, BitGo has shown a proclivity for strategic acquisitions. Each of their past acquisitions have provided the company access to new capabilities, which are then able to be offered to clientele in an increasingly comprehensive platform. This acquisition is no different.
Following this development, this list touches on just a few designations now held by BitGo.
Clearly, as made evident from this comprehensive list of designations, BitGo is well on their way to achieving their goal of offering what it calls a ‘full-stack solution for digital securities’.
Upon announcing BitGo’s acquisition of Harbor, representatives from each company took the time to comment.
Mike Belshe, CEO of BitGo, stated,
“Our vision has always been bigger than wallets and custody and acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services…We believe participants will ultimately need trusted, full-stack solutions for digital currencies and now BitGo is well positioned to address institutional requirements as the market develops.”
Josh Stein, CEO of Harbor, stated,
“BitGo has been an important partner since Harbor inception. We’ve worked closely together to integrate BitGo Business Wallets and BitGo Custody into Harbor’s services…Harbor provides BitGo with a complementary technology stack for the lifecycle of digital securities, as well as important service capabilities through our digital assets broker-dealer and transfer agent subsidiaries.”
Founded in 2013, BitGo maintains headquarters in Palo Alto, California. The company has developed into a full spectrum service provider for the blockchain industry. The company indicates that its operations now span over 50 countries. Furthermore, they facilitate over $15 billion in crypto-transaction on a monthly basis.
CEO, Mike Belshe, currently oversees company operations.
Founded in 2017, Harbor is a United States based company, which specializes as a tokenization platform. The team at Harbor, notably, developed the ‘R-Token’ standard – tailor built to serve digital securities.
CEO, Josh Stein, oversaw operations prior to acquisition. It is believed that BitGo will retain Stein in some capacity.
Changing of the Guards
The development discussed here today marks, not the first, but one of several major acquisitions seen in the blockchain industry over the past few months.
Only days ago, we were reporting on the potential upcoming sale of SeedInvest – a crowdfunding platform operated and owned by Circle. This expected sale is taking place after Circle made the decision to re-focus their efforts, specifically on stablecoins, rather than exchanges, tokenization, etc.
Custodial Specialists ‘Copper’ Draws $8M in Investments through Series A
Custodial specialist, Copper, has recently announced the successful completion of their Series A round of funding.
The team at Copper has indicated that the funds raised during this event will be put to use in two key areas.
- Global expansion
- Specifically North America and Asia
- Product development
- Investment options targets towards institutional clients
The completion of their Series A came in to the tune of $8 million. These funds bring the total raised, to date, by Copper up to, roughly, $9.3 million.
In order to raise the $8 million, Copper saw the participation of multiple companies with high hopes in what they look to achieve. Contributors are as follows:
- Target Global
- MMC Ventures
Upon announcing the results of their Series A, Dmitry Tokarev, CEO of Copper, took the time to comment. He stated,
“Copper was always designed to be a global offering. Since 2017, we have seen many crypto custody solutions emerge that don’t fully meet the needs of institutions. Instead, they have built for an institutional framework that doesn’t exist yet, and is unlikely ever to, leaving institutions discouraged…Our Walled Garden and Prime Brokerage infrastructure truly looks after the security and trading needs of institutions, regardless of their investment strategies and goals. We are seeing volumes increase as our clients see the advantage of our prime brokerage solution, which allows them to make transactions across many trading venues securely and efficiently.”
“This venture funding round is a real vote of confidence from investors. Their support will allow us to accelerate our scale up, hiring teams in key regions and introducing new products and services to better meet their needs.”
As the digital securities sector grows, an increasing amount of participants will require secure, trusted, services for storing their assets. As a result, the custodianship of digital assets has been noted as an important area in which development must take place.
While Copper remains one of the more promising outfits looking to tackle the issues surrounding custody, there remain various competitors developing alongside them. For example, the following article takes a brief look at some of the leading offerings in the market today, including Coinbase, TokenSoft, Anchorage, Unbound Tech, and of course – Copper.
Founded in 2018, Copper, maintains operations in London, United Kingdom. Above all, Copper specializes in offering services tailored around the custodianship of digital assets.
CEO, Dmitry Tokarev, currently oversees company operations.
In Other News
There is a clear growing interest in digital assets, and the services surrounding them. This has been made obvious by multiple successful Series A raises in recent months – Demonstrating a strong belief in the future of blockchain based endeavours. The following are just a few examples of these successful capital generation events.
Smartlands Begins Realignment with Eyes on Liechtenstein Blockchain Act
A Diverse Framework
Like any forward thinking company, tokenization platform, Smartlands, is in a constant state of growth. This means pivoting with developments seen in the digital securities sector, in an effort to continue providing their clientele with the best experience possible.
With this in mind, the team at Smartlands recently announced that they would be looking to capitalize on friendly regulation, towards tokenization, put forth by Liechtenstein.
The company states that they are looking to ‘revise and expand legal framework’. Furthermore, they will ‘base future projects on Liechtenstein Law’.
Ilia Obraztsov, CEO of Smartlands, elaborates,
“We remain believers in crowdfunding…but dwelling on our past successes is not in Smartlands’ book. We’re excited about the possibilities the Liechtenstein Blockchain Act presents to investors and issuers in regards to direct tokenisation of any asset using blockchain tokens as containers for any assets. Armed with cutting-edge legislation for investment funds, the Liechtenstein jurisdiction is ideal for structuring basically any financial product on blockchain there may be. Liechtenstein SICAVs (or open-ended funds) are industry standard and one of the most popular types of funds in the EU. SICAVs can be used as umbrella funds for multiple sub-funds. Such structure provides an efficient and fast way to introduce new investment ideas and opportunities on blockchain in one of the most prestigious fund jurisdictions. It is possible to tokenise any assets with a dedicated sub-fund.”
News of a platform ‘realignment’ surrounding Smartlands was first divulged by the team in early 2020. While 2019 was a year of great growth for the digital securities sector, it, unfortunately, did not live up to the expectations of many.
Looking to realize this growth, in 2020, Smartlands announced this realignment of their actions, to better serve high-net worth individuals, firm, etc. – as opposed to the retail investor. This, however, does not mean that the company is also pivoting away completely from retail based crowdfunding.
Yaroslava Tkalich, CMO of Smartlands, states,
“Crowdfunding is a very exciting area of fundraising, particularly in the UK with the country’s dense financial markets and tight regulations. Those preconditions allow us to involve all types of retail investors in campaigns for tokenised shares in virtually any asset class.”
The ‘Token and TT Service Provider Act; TVTG’ or ‘Liechtenstein Blockchain Act’, which has resulted in Smartlands rethinking their strategies, was originally announced by the Liechtenstein government in mid-2018. The framework established through its implementation, however, only recently came into effect in January 2020.
The act was specifically structured by the Liechtenstein government, to allow for expected growth in the world of blockchain. This meant writing an Act that while broad, would still allow for appropriate protections to be put into place.
At the time of its announcement, the Liechtenstein government stated,
“Because of the rapid pace of development of blockchain technology and its areas of application, it is very important to draft a law abstractly enough to ensure that it remains applicable for subsequent technology generations. That is why the term “transaction systems based on trustworthy technologies (TT systems)” is used for blockchain systems in this law. Due to the enormous potential of blockchain as a basic technology, the Government has decided to create a legal basis for the areas of application of the token economy and not only to regulate current applications, in particular crypto-currencies or initial coin offerings (ICOs). The goal is to ensure that a new law does not have to be created for every case of application, but also to create legal certainty for the many cases which are only just beginning to emerge in practice and are likely to develop in the near future. However, the Government is leaving open the option of regulating applications close to the financial market in a further step.”
The flexibility afforded through this Act is expected to attract many companies, similar to Smartlands, throughout the coming year, as they look to tokenize basically anything and everything. Smartlands is simply one of the first to publically announce their intent.
Founded in 2017, Smartlands maintains operations in London, England. Above all, Smartlands acts as a tokenization platform, operating under the watch of the Financial Conduct Authority (FCA).
CEO, Ilia Obraztsov, currently oversees company operations.
In Other News
Beyond growth in their market approach, Smartlands has been hard at work on, not only viable consumer products, but the tokenization of real estate projects. The following articles are examples of each of these.