Connect with us

Security Token News

US Capital Global Securities to Act as Placement Agent in CityBlock DSO

mm

Published

 on

US Capital Global Securities to Act as Placement Agent in CityBlock DSO

$10 million Fund

In a new round of funding, CityBlock Capital is making $10 million worth of equity in their NYCQ Fund available to investors. This sale is being facilitated through placement agent, US Capital Global Securities.

The NYCQ fund provides global investors with exposure to the New York real estate market. This is done by selling digital securities representing fractionalized ownership in the fund, which is backed by strategic real estate purchases. Investors benefit, not only through the profits seen due to increasing property values, but through increased liquidity as well.

Naturally, as the tokens to be distributed represent equity in the form of a digital security, the investment opportunity is currently open to only accredited investors.

This is not the first time that CityBlock Capital has taken part in a digital securities offering. In February, 2019, CityBlock Capital announced that a similar event would be hosted through SharesPost.

The Portfolio

In addition to facilitating the $10 million offering on behalf of the NYCQ fund, US Capital Global Securities has gained exposure, themselves, by including the fund within their own portfolio. This places the fund alongside other investments such as the following noteworthy companies.

Competing Funds

US Capital Global Securities is not the only company to note the high-potential of the blockchain industry. The following companies have also built funds tailored around companies developing products and services furthering blockchain.

Commentary

US Capital Global Securities CEO, Charles Towle, took the time to speak on what this offering affords investors. He stated,

“Combining low minimum investment amounts and early liquidity opportunities, the Fund gives accredited investors access to blockchain infrastructure investments normally available to institutional investors…Our firm is keen to back forward-thinking strategies at the frontline of the digital market era. The opportunity to participate in this $10 million equity investment in the Fund is still open to eligible investors.”

CityBlock Capital

Headquartered in San Francisco, CityBlock Capital was launched in 2018. The company works to provide investors with access to tokenized VC funds, such as the one discussed here today.

Cofounder and Managing Partner, Robert Nance, currently oversees company operations.

US Capital Global Securities

US Capital Global Securities is an affiliate of ‘mother company’ US Capital Global. Headquartered in San Francisco, US Capital Global was founded in 1998. Above all, the company acts as a private investment bank, offering products facilitate with innovated FinTech solutions.

Chairman and CEO, Jeffrey Sweeney, currently oversees company operations of US Capital Global, while operations at US Capital Global Securities are overseen by CEO, Charles Towle.

In Other News

Many of the companies discussed here today have been covered within our news feed in recent months. The following are a few articles discussing developments surrounding them.

Coinbase Anticipates Expansion into Security Tokens

A Detailed Look at Bakkt – Why All the Hype?

Spread the love

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

Siemens to Tackle Green Energy with Swarm Capital

mm

Published

on

Siemens to Tackle Green Energy with Swarm Capital

Sustainable Energy

Clean and renewable energy: The concept is simple, however, the execution is anything but. In an effort to aid the continued development and adoption of sustainable energy, worldwide tech giant, Siemens, has turned to a popular blockchain service provider – Swarm.

Today, this pairing of companies announced that Swarm has been tasked with developing an efficient, and effective, solution to facilitate the funding of energy projects in Africa. This task will be completed through use of the company’s recently announced premium tokenization service, Swarm Capital.

While details regarding the partnership are still scarce at this time, this is most definitely a positive announcement. Not only does it mark continued early adoption of Swarm Capital, but also the entrance of a global titan of industry in Siemens, into the world of blockchain.

Swarm Capital

Announced mere weeks ago, Swarm Capital is a service provider platform, offering premium services through a modular platform. This platform, which is built on the Swarm protocol, is meant to be a comprehensive solution for any company looking to tokenize an asset.

SWARM Announces ‘Swarm Capital’ Service Provider Platform

Commentary

In their partnership announcement, the team at Swarm took the time to comment on why blockchain is a good fit with future energy solutions through Siemens. They stated,

“One of the most compelling use cases for tokenization is in the energy sector, which has been brought to the fore lately in public discussions concerned with energy accountability, transparency, and sustainability. The energy industry is abundant with potential use cases — from the tokenization of energy itself to the digital representation of carbon emissions.”

Swarm

Swarm is a U.S. based company, which was launched in 2018. In the time since, the team at Swarm has developed a myriad of services and solutions for the digital securities sector, including specialized token standards, open protocol, and more.

Cofounders, Philipp Pieper and Timo Lehes, currently oversee company operations.

Siemens

Founded in 1847, Siemens has withstood the test of time, establishing themselves as a world leader in manufacturing and tech industries. The company has done this by continually looking towards, and planning for, the future – as evident by the partnership described here today.

CEO, Joe Kaeser, currently oversees company operations.

In Other News

For a few years now, we have seen various companies attempt to integrate green energy and blockchain. We have, in the past, detailed multiple companies that fall into this camp. While integrating blockchain and green energy in a different manner than the development discussed here today, the following articles demonstrate another avenue in which the two sectors can coincide.

CoinMint – Efficient, Green Mining

Elite Mining – The Future of Mining is Green

Spread the love
Continue Reading

Security Token News

CoinShares Issues Gold-Backed DGLD Tokens

mm

Published

on

CoinShares Issues Gold-Backed DGLD Token

CoinShares made a splash across the tokenization community this week after announcing a new gold-backed token network. The network will allow investors to take advantage of the stability of gold, whilst still enjoying the added security and efficiency of a blockchain-based system.

How CoinShares New Platform Works

According to CoinShares’ executives, each token represents physical gold. To be exact, each DGLD token is backed by 1/10 Troy ounce. This gold is held by one of Switzerland’s premier precious metal traders MKS SA.

MKS SA – Swiss Precious Metals Trader

For their part, MKS SA will hold the gold reserves and allow for third-party auditing to occur. In total, the firm put aside just over $20 million in gold for the tokenization strategy. Notably, MKS SA already hosts a large precious metal trading network. Consequently, tokenizing their gold provides far more liquidity than traditional EFTs.

PIT Exchange Hosts CoinShares DGLD Tokens

PIT Exchange Hosts CoinShares DGLD Tokens

Speaking on the new tokenization strategy, CoinShares’ Chairman, Danny Masters explained the advantages of the maneuver. For one, gold is considered one of the most stable assets on the planet. Now combine that stability with the security of a blockchain network, and you get a frictionless trading system that has the capabilities to function internationally.

Eliminates 3rd Parties

Masters also discussed how CoinShares eliminates many of the third-party verification systems encountered when investing in Gold EFTs. Each of these verification steps adds costs and time to the total transaction. Now investors can eliminate these delays and save money on fees.

Gold on Bitcoin Blockchain – CoinShares

CoinShares decided to utilize the Bitcoin blockchain as its core anchor for the platform. This was a smart strategy as Bitcoin is the largest and most secure blockchain on the planet. To make the concept a reality, CoinShares incorporated CommerceBlock’s Ocean sidechain.

Sidechains Are the Biz

Sidechains such as Ocean, Liquid, or the Lightning Network allow users to conduct faster transactions with fewer fees. Also, these second layer protocols enable developers to utilize additional functionalities not found on the original Bitcoin blockchain.

Smart contracts are a perfect example of how sidechains benefit Bitcoin. Technically, Bitcoin’s blockchain can handle smart contracts but it’s far less capable than the robust capabilities found in the Ocean sidechain.

Partnered with BTC Wallet Provider – Blockchain

Another key component of the venture is a strategic partnership with the crypto wallet provider Blockchain. Blockchain needed to create a means for investors to store their gold-backed crypto easily and efficiently.

Available Now

CoinShares’ new gold-backed token is open to both retail and institutional investors. Currently, the product is available in 200+ countries via Blockchain’s crypto exchange – PIT. Notably, the platform requires AML and KYC adherence as part of the company’s regulation-friendly approach to the market.

CoinShares

CoinShares is ready to provide clients with a stable alternative in the crypto sector. The firm has years of experience connecting traders with profitable tokens. Now, CoinShares wants to take its experience and enter the tokenized precious metals markets in a major way.  You can expect to see more headlines from these developers as CoinShares’ strategy unfolds over the coming weeks.

Spread the love
Continue Reading

Security Token News

VeVue Signs Partnerswith CBX for Token Launch

mm

Published

on

VeVue Partners with CBX Exchange for STO

The blockchain-based social media platform, VeVue announced plans to host an STO in the coming weeks. The company intends to expand the platform’s capabilities with the funds raised. Now content creators have a more lucrative alternative to consider moving forward.

News of the company’s intentions first broke via an October 14 press release. In the post, the company announces its new strategy and partnership. As part of the firm’s new crowdfunding approach, VeVue partnered with the hugely popular CBX exchange.

CBX Exchange

For its part, CBX will be responsible for the sales, token issuance, and distribution of the VUE token. CBX is one of the largest crypto exchanges based in the Middle East. The firm operates a fully compliant EU exchange. Developers integrated both AML and KYC protocols directly into its trading platform.

VeVue via Homepage

VeVue via Homepage

CBX recently launched a campaign with Alibaba competitor GoJoyin in which the platform secured over $10 million in funding. The experience gained in this campaign will be critical for VeVue STO’s success.

VUE STO

The VeVue STO will commence on October 28, 2019, at 4 pm PST. Interestingly, the event is scheduled to only last 48 hours. CBX intends to issue 5 million VUE tokens to qualified non-US investors. Vevue also announced that there will only be 100 million VUE tokens in total available to investors. Of these tokens, 35 million are reserved for investor purchases.

Vevue and CBX Unique Strategy

CBX and Vevue have a unique strategy for their crowdfunding efforts. The company intends to host an STO monthly moving forward. Additionally, these auctions will be Dutch-style. Basically, the official token price is set after taking in all bids.

Highest-Price VeVue STO

This strategy enables the firm to receive the highest price for the total offering. For example, investors place their bids which include the price and quantity they desire. The firm will then accept the top 5 million bids for the tokens.

VUE Token Benefits

VUE token holders receive a portion of gross revenue collected via the VeVue social media app. Consequently, investors actively earn from VeVue’s ecosystem. The App provides content creators with a revenue-generating outlet. Here, users can create and monetize content such as videos easily.

VeVue Transaction Fees

Vevue charges a 5% transaction fee on the monetized content. This fee then enters into the dividend pool from which STO investors receive payments daily. Importantly, dividends are paid in VUE tokens. This unique strategy encourages users to create high-quality content to earn more tokens.

Next Level Social Media

Traditional social media doesn’t allow users the opportunity to earn from their content contributions.  In fact, the current social media giants provide content creators with zero payment for their efforts.

Social Media Heat

VeVue’s timing is impeccable as social media giants such as Facebook continue to confront lawmakers over a myriad of concerns. Facebook, in particular, appears to be in the target of regulators after announcing plans to issue its own native cryptocurrency called the Libra.

A Better Social Media Alternative

VeVue appears to have unlocked a better way to social media for everyone. Providing users with an opportunity to earn tokens for their content is a smart concept that has proved to be a great alternative in the past. You can expect to hear more from VeVue in the coming weeks as its STOs hit the market.

Spread the love
Continue Reading