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Vertalo Releases V-Token Software for Usage during Tokenization

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Vertalo Releases V-Token Software for Usage during Tokenization

V-Token

Vertalo, the cap-table company making waves in blockchain, has announced the release of its ‘V-Token’ software.

This software, V-Token, is a described by Vertalo as a ‘placeholder’, which will allow for issuers to issue digital securities at a later point in the issuance cycle. Until now, this software has only been available to Vertalo. For those interested, access to V-Token is now open to all token issuers.

Use Case

The purpose of V-Token is to make life easier for potential issuers of digital securities. As it stands, one of the larger hurdles in the space remains the cost associated with the creation of said tokens. The issue is amplified by the fact that this step often takes place prior to a company raising any capital – meaning the company had best be sure that their capital raise is successful, and their token creation wasn’t done in vain.

With this in mind, Vertalo created V-Token for their own usage in 2018. V-Token allows for token creation to occur POST-raise. In doing so, this form of delayed tokenization provides issuers with greater flexibility in their operations.

This token is structured as ERC-20 compliant, while offering various traits, vital to digital securities. This includes trade restrictions, and other measure necessary to be compliant with regulations.

Commentary

Along with their announcing the availability of V-Token, Dave Hendricks, CEO of Vertalo, took the time to comment. The following is what he had to say on the matter.

“The current high cost of tokenization is the main impediment to widespread adoption and roll out of digital assets.  Today, Issuers who are interested in digital approaches are being asked to spend hundreds of thousands of dollars to design and produce tokens before they have successfully raised capital.  The unit economics need to change.”

He continued,

“Free Tokenization is a logical next step in the evolution of the digital asset industry.  But as we have seen with previous protocol standards like Ethernet and TCP/IP, it’s difficult to monetize the standards themselves.  The role of tokens is naturally subordinate to actually raising capital.  It’s been amply demonstrated that investors don’t invest in tokens, or in token standards, rather they invest in companies, assets, access to liquidity, and revenue streams.  Free token issuance reduces the risk and complexity of tokenizing assets.  Delaying the choice of which security token standard to use until the infrastructure is more fully developed lowers the cost and risk of token implementation.”

Vertalo

Vertalo is a United States based company, which was founded in 2017. Above all, Vertalo functions as a capitalization table specialist, while providing services for investor onboarding and compliance adherence.

Company operations are overseen by CEO, Dave Hendricks. We had the pleasure of interviewing Dave Hendricks earlier this year. Check out this discussion to learn more about Vertalo and their goals.

Interview Series – Dave Hendricks, CEO of Vertalo

In Other News

Vertalo has found themselves a mainstay in our newsfeed over the past few months. Whether providing services which facilitate the completion on an STO, or forming partnerships to advance the industry, Vertalo keeps busy. Here are a few articles detailing what they have been up to lately.

Vertalo to Provide Vital Services to seriesOne

Entoro and Vertalo to Fuse Services to Advance Digital Securities

Vertalo Announces Launch of ‘Lifecycle Management Platform’

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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 Tokens

3 More Executives Leave SDX Due to Discrepencies

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SDX Exchange lost 3 executives in January 2020

The blockchain-based digital asset trading venue SDX continues to have a rough start to the new year. This week, another high-level executive announced their departure from the firm. The news brings the number of executives who left the company in January 2020 up to three. The news demonstrates a realignment and shuffling of SDX’s business plan. Also, it showcases the growing pains associated with these changes

According to company documentation, all of these executives departed from their full-time positions in January. The three individuals to leave are Alex Zinder, an architecture lead at SDX, Ivo Sauter, SDX’s head of clients and products, and Sven Roth, the firm’s chief digital officer. The later of the trio agreed to stay on as an external advisor to SDX.

In a recent interview, Sauter explained the motivation behind his decision to leave. He touched on a number of critical changes made throughout the firm. These changes included a shift from the platform’s original vision. He explained that at first, the platform was to utilize the banking sector as a bridge into the rest of the market.

However, this strategy quickly changed as SDX began to tailor its platform specifically, and solely for use by banks. Sauter described how these changes effected moral and fueled the growing dis-alignment between executives and owners. He explained that originally, the platform was to be much more inclusive. For example, SDX was to enable startups to provide services around its features.

Corporate Culture

Sauter also took a moment to touch on the negative effects this corporate culture had on the project. He explained that, in his opinion, a bit more separation needed to occur between SDX and its mother company, the Swiss stock exchange operator SIX Group. Apparently, these feelings of discourse only grew as the mother company took more and more influence on SDX’s day to day operations.

SDX Office via SIX

SDX Office via SIX

Additionally, Sauter explained how the big-company approach also inhibited the company’s ability to save. Large corporations require much more reporting. In turn, this reporting raises operating costs. Additionally, smaller firms have more liberty in terms of flexibility and risk management. In the end, the corporate approach made many of the executives feel as if they had been stifled.

Despite the discrepancies, Sauter stated that he had left on good terms. He went as far as to claim that he was at a point in his career that he had no desire to have his contract renewed. Consequently, SDX chose to not offer a renewal.

Challenges in the Market

As with any major corporate reshuffle, there are going to be individuals that no longer fall in line with the platform’s overall goals. Discussing these challenges, a SIX spokesman touched on the changes and what they mean to the project. They explained that whenever you have a concept built from scratch, there are going to be many ups-and-downs associated with the development. In the end, the firm acknowledged that these changes have begun to add up with the spokesperson stating that the firm has “spent quite a few Swiss francs” on the ordeal.

SDX Moving Forward

From the tone of SDX’s past employees, the company is undergoing some heavy internal changes. As such, there is no way to determine exactly how these personnel changes will affect the overall strategy the company has chosen to follow. One thing is for sure, SDX appears to have made a priority shift towards servicing the banking sector exclusively with its new platform.

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Tokeny Upgrades investorID with ONCHAINID

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onchainid

ONCHAINID

There is no such thing as the launch of a completed product.  Times change, technology is upgraded, and needs vary.  A successful product will often see various iterations and updates throughout its lifespan, in an effort to serve its intended market.

With that in mind, tokenization platform, Tokeny, has announced the launch of ONCHAINID.

An Evolution

ONCHAINID is essentially version 2.0 of their previously released investorID – a solution geared towards whitelisting investors.  ONCHAINID looks to oust traditional ‘central-systems’, in favour of a more decentralized approach.  Along with this approach, ONCHAINID looks to build upon what investorID was able to offer, with various new functionalities.

Tokeny notes that this product is built on providing clients with 3 main features:

  • Data enrichment
  • Direct ownership of securities
  • Customer accounts management

For those interested in learning about the initial launch of investorID, and to see how Tokeny arrived at ONCHAINID, make sure to peruse the following article.

Tokeny Announces European Launch of investorID

Commentary

Upon announcing ONCHAINID, Luc Falempin, CEO of Tokeny, took the time to comment, elaborating on the move and why it was needed.

Luc Falempin stated,

“For financial institutions to move away from analogue processes and step in to the digital era, they need reliable and compliant standards.  Most of the protocols created for digital securities failed to recognise that identity across the value chain is essential to apply compliance for the issuance and transfer of tokenized securities.  ONCHAINID, and its open ecosystem, is the most credible solution to securely and accurately identify market players and their assets on the blockchain.”

He continued,

“To achieve our vision of a digital capital markets there needs to be a secure and institutional-grade system that enables the creation of digital identities for issuers, agents, investors and securities.  This is why we have created ONCHAINID, to bring forth a shared and controlled data-rich ecosystem that transforms traditional finance into a truly digital and connected industry.”

Speaking with Luc

In our ongoing interview series, we have had the pleasure of hosting an exclusive discussion with Luc Falempin, CEO of Tokeny.  Here, we learn more about what exactly Tokeny has to offer (including the predecessor of ONCHAINID).

Interview Series – Luc Falempin, CEO of Tokeny

Tokeny

Founded in 2017, Tokeny maintains headquarters in Luxembourg.  Since launch, the team at Tokeny has been hard at work, developing a variety of solutions, targeted towards the digital securities sector.  One such solution is, aforementioned, ONCHAINID discussed here today.

CEO, Luc Falempin, currently oversees company operations.

In Other News

Tokeny has had a successful few months.  It was only recently that we were reporting on the company being included in 2019’s ‘FinTech 50’ – A comprehensive list of the top European companies within the industry.

Tokeny Makes the FinTech 50

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Swiss Digital Asset Bank, SEBA, to Raise Nearly $100M

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Swiss Digital Asset Bank, SEBA, to Raise Nearly $100M

$100M Raise

With an eye on rapid growth, Switzerland based digital assets bank, SEBA, have announced their intent to raise upwards of $100M in funding.

This raise represents not the 1st, but the 2nd, $100M round of fund raising for SEBA.  Their initial round allowed them to achieve expansion into 10 countries within their first 2 years of operations, in addition to procuring a banking and securities licence from FINMA.

Future Plans

While their growth, thus far, has been quite impressive, the team at SEBA is not satisfied.  Their scope of services offered represent only a portion of what they will in the future.  Furthermore, while expansion into 10 countries is definitely a positive move, the world is a large place.  SEBA, no doubt, has ambitions of continued expansion into the world’s leading markets.

Capabilities

Despite their short time in operation, SEBA has managed to develop, and begin offering, a variety of services to their clients.  While not yet live, the company has indicated that a large focus, moving forward, is the development of solutions surrounding digital securities.  This means supporting STOs, asset tokenization, and more.

For the time being, the following capabilities are live, and offered by SEBA.

  • Institutional grade custody/storage
  • Trading services
  • Professional wealth management
  • Payment gateways

Commentary

For this particular raise, SEBA CEO, Guido Buhler, took the time to comment on why there is a need for a second round of fund raising.  The following is what he had to say on the matter.

“If you want to grow, and we have ambitious plans, we need to have additional capital.  I always say were are a universal bank for the new economy.”

What is made clear from this short statement, is that SEBA is not yet satisfied with their current state of growth, and is looking to ramp up expansion even more.  It has been indicated that SEBA expects to raise these funds from a variety of sources, including:

  • Family offices
  • High net-worth individuals
  • Financial investors

Bank Activity

There hasn’t been a moments rest with regards to SEBA and their expansion.  Despite all that they accomplished in year one of operation, year two saw SEBA enter various new markets.  Roughly one month ago, the company took the time to speak on their continued expansion.  This means that the company can now onboard clients from the following nations in a compliant manner.

  • Austria
  • France
  • Germany
  • Hong Kong (China)
  • Italy
  • Netherlands
  • Portugal
  • Singapore
  • United Kingdom

SEBA

Founded in 2018, SEBA is a young bank which maintains headquarters in Zug ‘Crypto Valley’ Switzerland.  While supporting certain traditional banking services, the company has a clear focus on next-gen FinTech – digital assets, in particular.

CEO, Guido Buehler, currently oversees company operations.

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