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The Future Security Token Lottery

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The Future Security Token Lottery

Everyday business systems continue to change thanks to the development of security tokens. The headlines surrounding these tokens usually focus on changes in traditional business sectors such as real estate, digital securities, and equity offerings. While these tokens are excellent for accomplishing those tasks, security tokens fit another popular industry perfectly – the lottery. Consequently, this billion dollar industry is set for a transformation over the coming months thanks to the efforts of some creative minds in the cryptospace, and a new security token lottery platform.

A strategic partnership between Lottery.com and the Securitize could transform the lottery market forever. Currently, Lottery.com is the largest provider of lottery result in the world. The project’s developers seek to create an international lottery which utilizes blockchain technology to improve transparency, reduce workload, and increase scalability. Users of the new security token lottery Dapp can play on a global scale. The platform is unlike anything else currently in use.

San-Francisco based Lottery.com’s platform entered the market in February 2015 with the goal of creating a mobile platform for monitoring lottery results and playing games. Currently, The company’s app dominates the lottery sector. The app includes a number of time-saving features including anytime cash outs, jackpot notifications, and non-losable tickets. Blockchain technology allows for new levels of transparency for gamers in the future and higher-accessibility. Additionally, the integration significantly decreases the workload for Lottery.com. Automated payouts and blockchain consensus are two huge advantages that Lottery.com can’t ignore.

Security Token Lottery

Lottery.com recently completed a private funding STO through the Securitize STO platform for the development of their new mobile lottery Dapp. The development of the Dapp is headed by the company’s subsidiary, LDC Crypto. Lottery.com already reached out to multiple blockchain firms to make the project a reality. To ensure a timely release, the company has employed strategic partnerships with Cooley, Vo1t, iHeartMedia, GateHouse Media, and CauseCast.

Security Token Lottery

Lottery Winners via BBC

The Lottery.com STO offered private investors 7-percent of the Net Raffle Revenue on Lottery.com’s new Global Impact Raffle. The Global Impact Raffle gathers gaming information from multiple websites across the world. The platform allows users to game in a variety of different ways. According to developers, the platform will include sport franchise games, charities, and NGO’s. The Global Impact Raffle rewards participants for their contributions, similarly to how Steemit users receive Steem for their content. To ensure that all participants are regulated, the security tokens include comprehensive regulations and each offering passes through a licensed FINRA broker. FINRA is the broker regulatory authority.

Tony DiMatteo

Lottery.com’s CEO Tony DiMatteo is no stranger to the cryptomarket. Earlier in the year, the outspoken blockchain proponent co-headlined the ChainXChange conference at the Mandalay Bay Convention Center in Las Vegas with Apple Co-Founder Steve Wozniak. At the conference, DiMatteo spoke on the revolutionary nature of blockchain technology. He also touched on the impact of his new platform on the industry.

Feeling Lucky

Future lottery winners can expect huge windfalls once the Global Impact Raffle is operational. Global lottery pools have the potential to reach new heights. Lottery.com saw the advantages security tokens bring to their industry. Recognizing the opportunity, they positioned the company to dominate the sector for years to come with this latest maneuver.

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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

Real Estate

Tokenizing London Penthouses and Greek Island Villas

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Sotheby's

Luxury Real Estate

With multiple STOs already on the docket from a variety of asset classes, Smartlands has just announced a new collaboration, which will, hopefully, see the addition of multiple more. This move sees the UK based company partner with Sotheby’s International Realty.

This collaboration will see the pair explore the feasibility of tokenizing multiple pieces of luxury real estate. The company notes two specific properties as holding the potential for tokenization.

  • Greek Islands Villa
  • London Penthouse Apartment

While details on the STOs are scarce, for the time being, it is indicated that the Greek Islands Villa is under management by a world renowned hotel network.

This collaboration spurred Smartlands’ Executive Director, Katharine Manderfield, into commenting. She stated that, “Deals of this level of exclusivity will open a new page in asset tokenisation.”

Past Successes

While many are still figuring out their first steps within the world of digital securities, Smartlands remain one of the few companies to have successfully completed an STO. Not only that, but they are now moving on to subsequent opportunities.

Like any experiences, they have the ability to shape our future actions. Expect Smartlands to learn from their past capital generation events, and apply that knowledge to the development discussed here today. The following articles take a brief look at just what these previous successes were.

Smartlands to Tokenize Nottingham Real Estate through STO

Smartlands Team up with ECN CrowdCamp

Popular Implementation

Due to the nature of real estate, it has caught the attention of various tokenization platforms from more than just the United Kingdom. While there have been hiccups along the way – such as the failure of Fluidity and Propellr – real estate continues to be one of the more lucrative industries, which stands to be transformed by digital securities.

Despite beginning to branch into different sectors, such as commodities and disruptive start-ups, expect for real estate to remain a popular outlet on Smartlands’ path to reaching the goal of tokenizing $1 billion in assets.

Speaking with Arnoldas

Roughly 6 months ago, we were fortunate enough to have completed an exclusive interview with the then CEO of Smartlands, Arnoldas Nauseda. While he has since transitioned into the role of Chairman, our discussion with Arnoldas Nauseda remains relevant today, offering a glimpse into Smartlands operations.

Interview Series – Arnoldas Nauseda, Chairman of Smartlands

Sotheby’s International Realty

Founded in 1976, Sotheby’s International Realty is a United Kingdom based company. While many associate the name Sotheby exclusively with fine art, there are company branches, such as Sotheby’s International Realty. This branch specializes in facilitating the buying/selling of real estate, with a presence in over 60 countries.

CEO, Philip A. White, currently oversees company operations.

Smartlands

Founded in 2017, Smartlands is a tokenization platform, which operates within the United Kingdom. Through use of the Stellar blockchain, this forward thinking company has developed a variety of solutions built to make fractionalized ownership of real world assets accessible to the masses.

CEO, Ilia Obraztsov, currently oversees company operations.

In Other News

Not content with opportunities based solely in the United Kingdom, Smartlands recently took their first steps towards operating within the United States. These steps were taken by forming an alliance with a U.S. based broker/dealer, bringing support for state-side investors on their platform.

Smartlands Set for Expansion into U.S. with New Agreement

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Security Tokens

World Chess to Host Hybrid IPO through Securitize & Algorand

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World Chess

We have noted and commented, on various occasions, that the digital securities sector is seeing an influx of interest from industries that greatly vary.

We are now greeted with news that World Chess is looking to host a ‘hybrid IPO’, which will see the sale and distribution of security tokens as a precursor to an eventual IPO.

Hybrid IPO

This offering stands to be particularly unique, as it is being called a ‘hybrid IPO’.  What this will entail, is a multi-step capital generation process, which will utilize, both, traditional means of raising funds alongside an infusion of blockchain technology.

With the help of Algorand and Securitize, World Chess CEO, Iyla Merenzon, has announced that the company will be hosting an STO shortly.  This is a first step towards preparing the company for their eventual IPO and entrance into E-Sports.

In the upcoming STO, it is expected that World Chess will be selling roughly 5% of their company represented by security tokens.  Investors will retain the ability to convert these tokens into traditional shares once an IPO takes place.  Due to the infancy of the digital securities sector, investors/early adopters in the tokens are expected to gain access at a ‘discount’ when compared to an expected IPO share price.

E-Sports

With the rise of E-sports in recent years, chess stands to benefit.  This potential for growth, and introduction to new markets, is the reasoning behind the decision to host a hybrid IPO.

Ilya Merenzon indicates that the funds generated from the event will be used to support the growth and adoption of chess within E-sports.

History of Chess

Not many games manage to persevere through the ages, retaining an audience.  Most are a product of their time, and simply don’t age well.  Chess, however, is not one of these.

Arguably the most well-known game throughout the world, Chess saw its beginnings in India over 1400 years ago.  Discoveries regarding its origins are still being made today, with reports of what is believed to be the oldest surviving chess piece recently surfacing.

The love for Chess remains today, as the game has become viewed as historically and culturally significant.  This has resulted in a lucrative collectors market surrounding the game – recently made evident by the discovery of a Chess piece valued at $1.3M.

Current Champ

The game itself is not simply a relic which remains popular due to its historical significance.  Today, there remains an active population of players, with a few being true masters of the game.

As with most sports, there are usually one or two players in each generation that stand apart from the rest as true masters.  Magnus Carlsen – the current chess world champion – is viewed by many as such a player.

Magnus Carlsen is a 28 year old Norwegian, who first became world champion at 22 years of age.  To learn more about his unique and fascinating mind/skillset, streaming giant Netflix hosts a documentary detailing the champion.

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Security Tokens

Tokenized Securities Settled with Distributed Ledger Technology

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Distributed Ledger Technology & Token Fueled Settlements

Deutsche Bank has recently announced the successful implementation of distributed ledger technology (DLT), in the settlement of tokenized securities.

This event, spearheaded by Deutsche Bank, saw the participation of various companies.

  • Deutsche Bank
  • Swisscom
  • Falcon Private Bank
  • Vontobel
  • Zurcher Kantonalbank

The intent of this trial was to demonstrate the ability of distributed ledger technology to provide an instant, and secure, means of settling trades involving SME securities.

What does it mean to settle?

The settlement of a security refers to a, typically, 24-48hr time frame in which the exchange of money for a security is completed. It is, essentially, the act of delivering either money or stocks to trade participants.

With the usage of DLT and blockchain technologies, many envision a near-future in which this process can be done in a much timelier, and risk free, manner. In doing so, costs can be cut, transparency afforded, and time will be saved.

Growing Trend

The trialing and patenting of blockchain and distributed ledger technology among banks is a trend that appears to be growing with time.

Just recently, there were reports of the Royal Bank of Canada attaining patents, indicating an interest in opening a cryptocurrency exchange. While the bank has since spoken out against these intentions, the fact remains that they have shown their hand, and obvious interest in the technology.

In addition to the Royal Bank of Canada, the Bank of America has also shown a keen interest in attaining a variety of patents pertaining to blockchain and DLT.

While their intent is not necessarily clear, what these banks, and others, have shown us, is that they believe there to be potential in blockchain & DLT to change the way they operate. Recognizing that, they appear determined to not be left behind.

Beyond securing patents, there have been multiple instances, in recent months, of banks completing similar actions as those by Deutsche Bank. The following articles are only a couple of these examples.

World Bank Raises $33.8M via Tokenized Bonds

Santandar Completes Fully Digitized $20M Bond Settlement

Commentary

Upon announcing the success of their trial, representatives from many of the participating companies commented on the event. The following is what a couple had to say on the matter.

Johs Höhener, Head of FinTech, Swisscom, stated,

“DLT has the potential to reach a new level of speed and efficiency in the financial services sector. In order to maintain Switzerland’s leading position in digital assets, cooperation and new platforms are needed. This proof of concept is an excellent example of successful collaboration and innovative strength across company boundaries.”

Jens Hachmeister, Head of New Markets, Deutsche Börse Group, stated,

“It is of strategic importance for us to further develop the possibilities for settlement of securities transactions using DLT. This brings us one step closer to our goal of enabling the financial services industry in Germany and in Switzerland to efficiently use the potential of this new technology.”

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