Drug Discovery Platform
Today brought the announcement of another upcoming security token offering. This upcoming event is to be held by biotechnology company, Verseon. The STO itself will be facilitated through a recently developed comprehensive platform by BlockRules.
This event will see the distribution of digital securities known as preferred shares. These will provide token holders with the rights to a proportionate share of future revenues from drug programs.
Verseon is working with regulators to ensure that the opportunity to participate in the sale extends throughout the globe. This means that accredited investors from the UK, US, EU, and more can all take part.
Verseons usage of the BlockRules platform is important to note, as it is what will allow for the STO to remain compliant in these various jurisdictions. Inconsistencies in regulation has always made international investing a tricky endeavour. With the advent of blockchain and STOs, this process has now become much more feasible.
Should this STO prove to be successful, it will not be surprising to see pharmaceutical companies begin hosting multiple of these events. Each event can potentially act as a funding program for one specific drug under development, with token holders entitled to revenue from the sale of that drug. This entire process stands to aid in the development of new drugs, as the manufacturing companies gain easier access to funding, greatly expediting the process.
In their press release, multiple representatives from Verseon took the time to express their thoughts on the upcoming STO.
“We are structuring our STO as one of the first truly global offerings backed by a prospectus…We are excited to pioneer this new funding model and share the rewards of our innovations with investors worldwide.”
“We believe that blockchain technology has the potential to transform fundraising by bringing efficiency, cost savings, and additional liquidity to capital markets…Regulations-compliant STOs give companies a new way to support growth and connect with a global investor community.”
Verseon is a Californian company that was founded in 2002. The company utilizes modern technology to effectively, and efficiently, discover new drugs and use cases.
Company operations are spearheaded by CEO, Adityo Prakash.
BlockRules is a subsidiary of Verseon, also functioning out of California. The company was founded in 2018 with the goal of developing an end-to-end STO platform. This goal was met, with the Verseon STO representing the first usage of this platform.
In Other News
The announcement of this STO marks the second time a large pharmaceutical company has delved into digital securities in recent months. Check out the article below to learn more about Agenus and their STO plans.
BnkToTheFuture Eyes U.S. Based STOs through BMI Capital Investment
Recently, BnkToTheFuture has shed light on their future aspirations through a new investment. This move saw the Cayman Islands based company acquire a stake in United States based broker/dealer, BMI Capital.
By acquiring a stake in the company, BnkToTheFuture now gains the ability to make use of existing licensure held by BMI Capital – including their status as a registered broker/dealer.
With the future of blockchain holding a global appeal, many industry participants have announced their intent for expansion beyond their own borders.
The following articles demonstrate a few of these decisions, as companies beyond BnkToTheFuture look to enter foreign countries.
The importance of becoming a broker/dealer, by proxy or otherwise, cannot be understated. The designation allows for a company, such as BnkToTheFuture, to expand their services to include the buying and selling of securities.
For more information on the role assumed by broker/dealers, make sure to check out our terminology page.
“We forecast by 2020 up to 50 percent will opt for an innovative security token that improves the potential for returns for investors over traditional equity. We are aiming to build a new industry and asset class.”
Building a Foundation
Over the past few months, any have noted that the digital securities sector is slow to take off. With other capital generation events, such as ICOs, having experienced rapid growth in the past, many expected the same from digital securities.
A growing amount of companies have entered the sector from various points around the world. Each of these companies are hard at work developing the necessary infrastructure to support future growth.
It is important to recognize, however, that STOs are completed in a regulatory compliant manner, which requires participants to hold a variety of designations, such as that of a broker/dealer. Attaining these capabilities takes time.
The companies involved are not trying to run before they walk. A more strategic approach is being taken to ensure that the industry is ripe for growth when true adoption occurs.
Founded in 2011, BnkToTheFuture is a Cayman Islands based investment platform. The company specializes in utilizing new technologies, such as blockchain, to facilitate the offering of high potential opportunities for investors and companies alike.
This United States based investment firm which was founded in 2012. With licensure attained through FINRA, BMI Capital is able to operate as a broker/dealer.
CEO, Robert H. Trapp, currently oversees company operations.
In Other News
Over the course of the last year, we have covered events pertaining to BnkToTheFuture on various occasions. The following articles share insights into a few of these events.
Legend Siam Security Token Offering Facilitated by VEWC
Via East West Capital has recently opened up regarding an STO which they curated recently. This STO was a capital generation event which saw the distribution of tokenized securities associated with a cultural theme park in Thailand, known as Legend Siam.
Legend Siam Tokens
In this event, investors gained access to what the issuer calls ‘Legend Siam Tokens (LST)’. These tokens were treated as securities, and were offered through Reg. D guidelines under the SEC.
While details on the tokens, themselves, are scarce at this time, it appears as though they took shape as some type of real-estate backed token, based on the cultural theme park.
As the digital securities sector continues to develop, participants are being drawn in from new, interesting markets. In the past year we have reported on STO opportunities surrounding, but not limited to, the following industries.
With the announcement surrounding Legend Siam, we can now add ‘Theme Park’ and Commercial Real Estate to that list.
Via East West CEO, Oh Shen King, took the time to elaborate on STOs, stating,
“We predict a rise in the potential and demand for tokenized securities because digital ownership on the blockchain provides so many advantages over legacy investments, and tech-savvy investors are seeing the value proposition in real-time…This addition to our business is just a natural extension of our vision for a crowd-financed world, and we provide 100% transparency to all our investors.”
Via East West Capital
Operating out of Southeast Asia, Via East West Capital is an investment firm focused on ‘tokenized asset investments’.
CEO, Oh Shen King, currently oversees company operations.
Legend Siam is a well-known attraction in Thailand. It operates as a popular theme park, built with the intention of promoting Thai history and culture.
In their release, it is indicated that the park now spans over 65 acres, with hundreds of shops, and various attractions. In total, the park now has an estimated worth of over $131 million.
In Other News
Thailand has made it obvious that they are vying to become a leader in the blockchain industry, including digital securities. This much was made evident in a recent decision by their government to potentially legalize security tokens. In addition to this, there have been various blockchain based companies welcomed into the MAS FinTech Sandbox.
ECOSC Seeks to Upgrade the Global Oil & Gas Supply Chain
This week, the decentralized supply chain management solution, ECOSC announced plans to introduce a global blockchain-based logistics system in the coming weeks. The news showcases another use case scenario for blockchain technology, as well as, further integration into the energy sector.
The ECOSC system’s design will accommodate the needs of all the major players in the oil and gas market. The platform provides a host of functionalities that can improve the current business model. These improvements include strategic management of supply and demand and an increase in the transaction process speed. Consequently, faster transactions equal shorter cash cycles.
The goal of the ECOSC ecosystem is to align stakeholders, vendors, and buyers in an easy to navigate platform. All parties can monitor the supply chain operation’s progress in real-time. In this manner, users can verify data without compromise or delay.
To accomplish this monumental task, ECOSC needed to focus on transparency, hence, the use of blockchain technology. Blockchain transactions remain independently verifiable via a distributed ledger. Storing all transactions on a single shared ledger brings about some huge advantages.
ECOSC Data sharing
For example, firms can improve costs, reduce waste, increase optimization, and control data at a fraction of the traditional monitoring costs. In turn, this level of efficiency makes processing documents and reconciling more streamlined.
Smart Contracts are used to simplify the entire process. These preprogrammed protocols eliminate the dependence on human interaction to complete the process. Basically, humans are prone to error, fraud, and even malicious actions. This new system will reduce the risk of human error, counterfeiting, and fraud in a major way.
ECOSC Full Spectrum Support
ECOSC’s design provides a full spectrum logistical system to oil-based companies. This system spans the entire oil process from the early stages of exploration to drilling (up-stream), transport storage (mid-stream), and even product preparations (down-stream).
ECOSC announced plans to host an initial exchange offering (IEO) to cover the new platform’s development. The IEO starts officially on November 15. Interested parties can purchase ECOSC tokens from the SHORTEX exchange.
There will be two tokens available to investors. The first ECOSCU token is a Utility Token which will facilitate transactions with in the platform. The second token is the ECOSC Security Token. The latter is what investors purchase as shares in the project.
ECOSC Blockchain Logistics
Blockchain logistics systems continue to see adoption across multiple industries. Already, automakers, major tech firms, and even global shipping providers joined the blockchain revolution. It’s easy to see why, these protocols provide markets with a cost-effective, more secure, and more transparent option to utilize.
OCOSC – Moving Forward
OCOSC has big plans for the future of the energy sector. The firm understands the power of blockchain technology and seeks to utilize this upending tech to revolutionize the sector. You can expect to see a number of major oil-related firms join the platform as its development continues.