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TradeCloud STO Goes Live July 1st

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TradeCloud STO Goes Live July 1st

The blockchain-powered tokenized commodities platform, TradeCloud announced plans to host an STO in the coming weeks. The company seeks to raise $42 million in two separate crowdfunding rounds. If successful, the funds will go towards further development of the firm’s all-inclusive tokenized commodities platform.

The developers behind the project want to simplify the commodities market through the use of a blockchain system. The firm combines all aspects of commodities trading into an easy to access web platform. In this way, TradeCloud can reduce costs and improve trade efficiency over the status quo.

Experience Counts

TradeCloud isn’t new to the tokenized commodities sector by any means. The firm currently serves the metal commodities industry exclusively. The platform has seen great success to date, TradeCloud handled over a $1 billion USD in metal commodities trading since 2017.

TradeCloud via Homepage

TradeCloud via Homepage

Now, company executives want to expand the platform into both the energy and agricultural sectors. This move would propel the platform to new heights. Analysts peg both of these sectors to have huge growth potential. Together, these sectors equal over $8 trillion in trades yearly.

Full Compliance

TradeCloud combines the full commodities trade cycle into its online portal. The platform combines KYC and compliance with consumers, traders, and producers. The firm creates an all-inclusive digitized commodities ecosystem.

Here, traders and businesses can meet in a secure manner and conduct trades 24 hours a day. Importantly, the platform maintains regional regulatory compliance across the lifecycle of the tokenized commodities.

Discussing the platform’s strategy, TradeCloud CEO, Simon Collins described TradeCloud’s approach as “unparalleled.” He went on to describe how the platform facilitates efficient price discovery and optimal allocation of scarce resources. He finalized his interview explaining the importance of digitalizing the full trade cycle of commodities.

TradeCloud STO Details

TradeCloud’s STO is slated for a July 1, 2019 start. Importantly, round one will offer investors a chance to purchase 25 million tokens. The company seeks to secure $20 million in stage one of its STO. In the same interview, the company’s COO, Mathew Botell, explained that token holders receive profit shares from the company for their participation in the event.

TC Tokens

Participating investors will receive their tokenized shares in the form of TC Tokens. These tokens are to be audited and issued through a Swiss subsidiary. Additionally, these tokens will be convertible into internal payment units via smart contracts.

TradeCloud

TradeCloud entered the market in 2016 with the goal of simplifying the complex commodities trading procedures currently in use. The company is based out of Switzerland. As a Swiss-based firm, the company enjoys a blockchain-friendly government and regulations.

Notably, the firm is also funded by its Founders. Today, Tradecloud boasts over 240 enterprise clients. Additionally, the platform has over 500 users in 35 countries.

TradeCloud is Going to Make it Rain

TradeCloud continues to position for the digitized economy. Now, investors have the ability to utilize blockchain technology to simplify the commodities trading experience. You can expect to see TradeCloud become a major player in the market as the platform continues to expand.

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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

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DigiMax & Entoro to Collaborate as Advisors on Digital Security Offering

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DigiMax & Entoro to Collaborate as Advisors on Digital Security Offering

Collaboration

In the upcoming Leonovus Galaxa STO, a pair of promising companies have decided to collaborate as co-advisers. This would be United States based Entoro and, Canada based, DigiMax.

With a mutual goal shared between the companies, this collaboration was undertaken to capitalize on the strengths and weaknesses of each company.

U.S. versus Global

In their announcement, the companies indicate that, while Entoro has much to offer, their experience lies within the confines of the United States. DigiMax, on the other hand, has experience on a more global scale.

Between the two of these companies, Leonovus stands to benefit from a versatile, and competent, team of advisors. The companies note that, beyond this perk, the collaboration will allow for future referrals between one another, as their client base requires it.

Commentary

In announcing their collaboration with one another, representatives from each, Entoro and DigiMax, took the time to comment. The following is what each had to say on the matter.

Chris Carl, CEO of DigiMax, stated,

“We are excited to be partnering with Entoro to assist one another in advising and funding our collective issuer clients…We believe that Entoro is the definitive leader in providing proper advisory services for issuers of digital securities in the United States and this is the kind of highly diligent and compliance-oriented company that DigiMax seeks to partner with. We believe there are many synergies to be gained for each of our companies from this formal collaboration with most of these benefits accruing to our clients.”

James C. Row, Managing Partner of Entoro Capital, stated,

“We view DigiMax as a global leader in bringing awareness of the importance of regulatory compliance to every step in the process of companies issuing digital securities and we are impressed with the global brand that DigiMax has built. We see a great deal of opportunity for both of our companies to accelerate as a result of this collaboration agreement. We have a high appreciation of the professional level of conduct by DigiMax from our observations working with them on our first client tougher.”

DigiMax

DigiMax is a Canadian company, based out of Toronto, Ontario. This young company has developed a suite of services built to facilitate capital generation events, such as STOs and DSOs.

CEO, Chris Carl, currently oversees company operations.

Entoro

Operating out of Houston, Texas, Entoro functions primarily as an investment bank. Since launch, Entoro has expanded their services to facilitate blockchain ventures and digital securities.

Managing Partner, James C. Row, currently oversees company operations.

In Other News

Both, DigiMax and Entoro, have found themselves as regulars in our headlines. Over the past few months, each of these companies have made positive developments, as well as found themselves working on the same project. Check out the following articles to learn more about these events.

DigiMax Designated ‘Exempt Market Dealer’ by OSC

DigiMax to Consult During Leonovus Security Token Offering

Entoro to Act as Placement Agent in Upcoming Leonovus ‘Galaxa’ STO

Entoro Eyes Secondary Markets Through Partnership with Unicorn

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Will Facebook Subsidiary, Calibra, See the Light of Day?

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Will Facebook Subsidiary, Calibra, See the Light of Day?

The Announcement – Calibra

Facebook announced a pair of tokens recently. The project, which is being spearheaded by Facebook subsidiary, Calibra, will see both a stablecoin, and a security token, released.

While the stablecoin is meant to provide a global consumer base with an efficient means of transferring value, the security token facilitates project governance, and the development of a cash reserve.

Due to the potential of this project to significantly impact global currencies, and the financial system, the project has received much backlash, to date.

True Suspicions

Upon initially announcing the project, many suspected that the world’s greatest population of humans, India, would not be eligible for participation. This suspicion was born from the on-going battles within the country, between blockchain advocates and central banks.

As suspected, Facebook and Calibra have since verified these suspicions by stating the project will not launch in regions where such currencies are outlawed. They do remain hopeful that perspectives may change in the future.

Alexandra Voica, Facebook representative, states, “Calibra will respect the legislation”, “But we are looking to work with regulators to see if the legislation can be updated”.

Meeting with Congress

On July 16th a Congressional hearing will be held, followed by a similar hearing in front of the House Financial Services Committee on the 17th. The main focus of these hearings will be the testimony of Calibra representative, David Marcus, as he discusses the project and two tokens to be released.

After making their intentions known to the public, Facebook and Calibra were greeted with a response of fear and outrage by government authorities. While some point to Facebooks past track record regarding privacy lapses as a main concern, others see Libra for what it could potentially be – a competitor to the USD.

Whatever the case may be, this hearing will provide Facebook with the opportunity to give the answer Congress is looking for. Now is the time to allay any fears that regulators may have regarding the project.

Market Response

While there are surely a plethora of factors driving the price trajectory of Bitcoin, the outcome of the congressional meeting regarding the Calibra project weighs heavy.

Anticipation of these meetings has been met with a swift decline in overall marketcap and prices in the days leading up to it. Time will tell, but most suspect a positive outcome of these meetings will be met with a positive uptick in pricing. A positive outcome is, however, far from a sure thing.

Presidential Musings

Tweets discussing cryptocurrencies are typically white noise. There are an exorbitant amount of industry players always weighing in on the state of the industry. However, when the POTUS begins tweeting on the subject, people listen.

Whether you are a fan or a detractor of the POTUS, the fact that cryptocurrencies have captured the attention of the highest levels of government speaks volumes to the development witness within the industry in recent years.

Satisfaction

Before the meetings with Congress ensure, Facebook and Cablira have already made it clear that they will not be launching the product until the authorities are satisfied with the projects structuring.

In his prepared testimony for the hearings, David Marcus writes the following,

“The time between now and launch is designed to be an open process and subject to regulatory oversight and review…We know we need to take the time to get this right. And I want to be clear: Facebook will not offer the Libra digital currency until we have fully addressed regulatory concerns and received appropriate approvals.”

While there may be unavoidable delays due to hearings and potential restructuring of the project, the fact remains that with the combined clout and influence of the companies involved in this project – Facebook, VISA, PayPal, UBER, MasterCard, etc. – it is hard to imagine Calibra failing.

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Custodianship – A Look at Various Industry Solutions

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Custodianship - A Look at Various Industry Solutions

Industry Hurdles – Custodianship

In under two years, the state of custodianship within blockchain has grown by leaps and bounds. A mere eighteen months ago publications were posting about ‘The sad state of crypto custody’. Six months after that, custody solutions were noted as a rapidly developing innovation within the industry.

A major driving factor behind the development seen, with regards to custodianship, is due to the narrative of ‘institutional capital’ entering the world of crypto. If this is to occur, they will require trusted companies to provide this service.

Today, various companies which recognized the lack of solutions in the industry have launched, and established beginning levels of adoption. The following are a few of these companies, and what they are bringing to the table.

Anchorage

In a recent, and promising, bit of news, payment processing giant, VISA, Blockchain Capital, and others, invested $40 million USD into a blockchain based custodial solution – Anchorage. This raise represented a Series B, with the company previously raising $16 million in their Series A mere months ago.

This young, promising, company has taken a different approach to providing a safe haven for digital assets. Rather than using passwords and usernames, the platform relies on a mix of human and artificial intelligence to verify transactions on whitelisted devices.

Anchorage has stated that, in time, their platform will support all forms of digital assets. This versatility, and interest in the sector shown by companies like VISA, points to a bright future.

Unbound Tech

One of the most anticipated digital securities exchange launches of 2019, is the upcoming Archax Exchange. With a projected launch in Q4 of 2019, it is imperative for Archax to establish all of the necessary partnerships and services sooner than later. The latest puzzle piece to fall in to place would be the decision to utilize custodial services, offered by Unbound Tech.

Unbound Tech, which operates out of New York, has developed a DLT based platform which breaks up and stores data among various parties. This is done with the intention of eliminating a single point of weakness within a storage network. No doubt, their innovative, and polished, platform led to this strategic partnership.

Copper

The rise of digital securities has also resulted in the rise of numerous issuance platforms. In order to remain appealing to their clients, each of these platforms must either offer their clients direct access to a custodial service, or redirect them to a third party.

One of the most promising issuance platforms, SWARM, has experienced better adoption than most, to date. Not offering any ‘in-house’ custodial service, SWARM established a strategic partnership with U.K. based, Copper.

Copper provides institutional grade custodianship through the use of a practice called ‘air-gapping’. This simply refers to the practice of ensuring their cold storage devices are, not only not connected to the internet, but not connected to any other device which maintains an internet connection.

Upon establishing their alliance, SWARM Cofounder Philipp Pieper, had high praise for Copper. He stated, “The integration between Copper and SWARM is a great fit due to the compatibility of our technologies as well as our teams…Copper provides the level of institutional grade security and convenience that is absolutely essential for the adoption of digital securities by institutional investors and retail market,”

Coinbase

Love them or hate them, Coinbase remains at the forefront of the blockchain industry. This means that when their custodial solution, ‘Coinbase Custody’ announced support for their first digital security, it represented an important step.

The reason this step is an important one can be broken down various ways, but is primarily positive, due to the increased exposure which Coinbase will afford the nascent digital securities sector. Most participants in the world of blockchain are well versed in ICOs, but have not necessarily been exposed to STOs and DSOs. Support of assets issued through these capital generation events, by an industry leader, is most definitely a step forward.

Carlos Domingo, CEO of Securitize, tweeted at the time of this announcement.

TokenSoft Knox Wallet

TokenSoft has been one of the busiest companies within the digital securities sector throughout 2019. One of their various steps forward, came through their various custodial solutions for clientele. While the company has formed an alliance with Coinbase Custody, TokenSoft has developed their own solution for those interested.

‘Knox Wallet’ is the name of this offering.  It is a mobile custody solution, which brings full support for various digital security protocols.

  • ERC-1404
  • Harbor R-Token
  • Polymath ST-20
  • Securitize DS-20

Knox provides its users with security through the use of various tactics. These include cold storage, role-based access control, and cryptographic authentications.

While Knox remains in beta, it has the potential to become a key player in the digital securities sector.  It remains one of the only mobile based custody solution to support the asset class.

Continued Growth

An entire subset of the blockchain industry was essentially birthed from nothing, in less than two years.  It has since grown into a promising grouping of service providers. While time and development move slowly in the moment, reflecting on growth within blockchain shows fantastic speed of development, wherever you look.

The companies discussed here today are essentially writing the custodial solution blueprint on the fly. As these industry trailblazers demonstrate what works, and what doesn’t, we should continue to see increasingly polished solutions presented. One such example may prove to be the upcoming Facebook project, Calibra.

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