Connect with us

Security Token News

Will Nasdaq make a foray into Security Tokens?

mm

Published

 on

Whats new?

Reports are indicating that Nasdaq is considering launching a securities platform in the near future.  With industry counterparts dipping their toes into the industry throughout 2018, this should come as no surprise.

‘TheBlock’ reports that this platform is being developed through a partnership formed between Nasdaq and Symbiont.  Tailored towards institutional applications, Symbiont specializes in smart-contract platforms.

A platform developed by these two companies will reportedly not only allow for the issuance of security tokens, but for them to be traded as well.

The benefits of security tokens are plenty.  Information on their unique characteristics, and what they can offer to investors can be found on our education page HERE.

STO’s in lieu of ICO’s?

Although a select few ICOs have proven to be wildly successful, the sad fact remains that the vast majority of them are utter failures.  A lack of regulation and oversight has led to millions being lost on scams, and poorly run projects.

With an increasing number of studies showing the poor performance of ICOs, it is no wonder that many are turning to the very promising STO (Security Token Offering).  With well-respected companies such as ICE, Nasdaq, and eventually Coinbase, gravitating towards security tokens, investors will be able to truly buy into companies in a safe manner.

Comments by Adena Friedman, CEO of Nasdaq, dating back to April of 2018, foreshadowed their potential interest in security tokens.  At the time, Adena stated to CNBC, “Certainly Nasdaq would consider becoming a crypto exchange over time…If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors.”

Nasdaq competition?

Nasdaq is not proving to be a trailblazer in the industry.  However, due to their reputation, they will no doubt be a force to be reckoned with.

Companies already ironing out the blueprint on how a securities exchange can operate are few.  Below are a few that are well-known and are rapidly establishing themselves as the cornerstones in the young market.

–         Polymath

–         TZero

–         Open Finance

–         Neufund

Suite to be?

Most companies that have begun to test the rocky waters of the world of crypto have indicated their desire to create a suite of products.  The intention is to not just create a singular offering, but a series of complimentary services that provide access to anything an investor would be interested in.

Notably, rival company ICE announced the soon to launch child company named BAKKT.  It was indicated that the intention for BAKKT would be to eventually offer a bevy of investment services to consumers.

Possibly the most well rounded, and diverse offering of services in the industry to date belong to Coinbase.  Led by Brian Armstrong, Coinbase has launched services ranging from an exchange, to index funds, and soon security tokens.

 

Is the launch of a security token platform just the first step in an eventual suite of products for Nasdaq? As a blockchain enthusiast, what do you think?

 

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

Leonovus pivots from ICO to STO for Galaxa project

mm

Published

on

Leonovus to Host STO

In a recent announcement, Leonovus has indicated that they have had a change of heart regarding their upcoming ICO. This change will see the company host a security token offering for their Galaxa project instead. This STO will see the issuance of GAXX tokens. The token will not only represent equity within the Galaxa project, but be used as a platform currency as well.

The original plan was to see Leonovus issue a contract that could later be converted into a security token. Upon conversion, the security token would represent equity within Galaxa. This method is known as a ‘Simple Agreement for a Future Token’ (SAFT).

Due to the rapid development being seen within the digital securities sector, Leonovus will now be selling security tokens directly. This is made possible by the launch, and planned launches, of various Security Token Exchanges (STEs). Due to these launches, GAXX tokens will now have a home to be traded on upon issuance.

Galaxa

Galaxa refers to a blockchain based, cloud storage platform that is being developed by Leonovus. The platform was announced in November of 2018. The GAAX tokens to be sold through the aforementioned STO will fund the continued development of this project.

At the time of announcement, Leonovus CEO, Michael Gaffney commented on the Galaxa project. He stated, “Galaxa is much more than most typical ICOs or STOs in that it will incorporate the Leonovus Smart Services blockchain innovation, along with a global enterprise-class marketplace that embeds Leonovus’ hyper-secure software-defined cloud storage technology which is in production today. The marketplace provides a platform for thousands of cloud services developers who are locked out of the current market because of the oligopoly. This is also great news for the enterprise as there will be more choice for cloud service products and less cloud vendor lock-in.”

Leonovus

Leonovus is based out of Ottawa, and was founded in 2010. Above all, Leonovus strives to provide storage solutions on an enterprise level. Leonovus is able to offer multiple variants of storage, ranging from on-site to cloud.

Leonovus CEO, Michael Gaffney, spoke on the decision to host an STO. He stated, “Security Token Exchanges did not exist in December 2017, which is why we chose the SAFT process at that time. Over the last few months, several third parties have launched STEs in various jurisdictions, and more are planned for launch in 2019 and 2020. Currently, we are reviewing the new STEs that are in the USA, Singapore, Switzerland and Malta. The development of STEs is welcomed as it simplifies the overall process regarding the listing and trading of the GALAXA security token on a regulated exchange. Because of the change in investment strategy, we are now targeting the end of Q1 2019 to close our first investment tranche.”

Spread the love
Continue Reading

Security Token News

Issuance Receives Investment from MD of Slim Ventures

mm

Published

on

Issuance receives timely Investment from MD of Slim Ventures, LLC

It has just been announced by Issuance that they have received another investment. This marks one in a series of investments that have taken place over the past few weeks.

Mike Bishop was responsible for this move – the Managing Director of Slim Ventures. This is not Mike Bishop’s first foray in to the world of blockchain. For instance, he has previous experience in advising a variety of projects which have gone on to experience fantastic growth. One such example is the crypto-exchange, LAToken.

With knowledge gained through his past experiences in the blockchain industry, it is unsurprising to find that Mike Bishop has invested in Issuance. After all, they are shaping up to be a major player within the rapidly developing digital securities sector.

Commentary

Both the CEO of Issuance, Darren Marble, and Mike Bishop himself commented on the investment.

Mike Bishop JD, stated,

“Having acted as an advisor for several token offerings, I am particularly excited about the advantages that tokenized securities promise in creating liquidity to non-public investments, and with that, understand the importance of deal marketing to make liquidity a realization…As a deal marketing platform that connects and engages digital securities issuers and interested investors, Issuance is well-positioned to facilitate the exposure and investor pools necessary for tokenized securities to succeed.”

Darren Marble, CEO of Issuance, stated,

“We’re thrilled that Mr. Bishop has invested in Issuance…Mr. Bishop has been a proactive supporter in our mission, and his years of experience in business development and hands-on venture building makes him an invaluable resource as we scale our business.”

Slim Ventures, LLC

Slim Ventures was created with the purpose of providing a unique means of venture capital. Through offering ‘structured financing’ to start-ups, Slim Ventures has completed over $50 million in exits through a variety of industries. For example, these range from commercial and residential real estate, to veterinarian practices.

Issuance

Issuance was founded in 2018, and is based out of Los Angeles, California.  Above all, the main purpose of the company is to act as a bridging platform. For example, working to connect investors with appropriate digital securities issuers.

Make sure to check securities.io again for future news on Issuance, as they have indicated future plans to tokenize themselves.

Recent News

Issuance has demonstrated a flurry of activity in weeks past. Whether establishing strategic partnerships, or securing timely investments, Issuance has an eye on the future. Here are a few examples of recent developments from Issuance:

Security Token Issuers to Benefit from Alliance of Issuance and VStock Transfer

PCG Holdings shows belief in security tokens with investment in Issuance

Issuance and Tokeny – Partnering with a Goal of Interconnectivity

Exclusive Interview with Issuance CEO – Darren Marble

Spread the love
Continue Reading

Security Token News

Digital Securities and Stablecoins to Benefit from ‘Wave of Innovation’

mm

Published

on

The Future is…

Fresh off the launch of their first marketing campaign, Cameron and Tyler Winklevoss recently sat down with ‘Balancing the Ledger’. In this interview, the twins discussed cryptocurrencies at large. The overall theme was regulation; what Gemini is doing to support it? and where is it needed?

Two areas in which the twins see much promise are stablecoins, and of course, digital securities.  For example, speaking on the promise of tokenized securities, it was stated, “The ICO mania of 2017 – we kind of view that as the pets.com of the securities token world. They were unregistered and it was crazy town for about six months there. I think the next wave will see the real innovation, and the really interesting assets that become tokenized – like real estate, like buildings that are not currently really traded in liquid fashion. So that’s exciting.”

Working together

One interesting takeaway from the interview was the twins’ perspective on the relationship between stablecoins and digital securities. They noted that security token issuers could capitalize on the benefits of stablecoins, by using them to issue dividends.

Stablecoins are designed to inherently have less volatility than regular cryptocurrencies.  By using them to issue dividends to token holders, issuers would be able to capitalize on the efficiency of a digital currency, while reducing exposure to volatility.

Regulation a good thing

Regulation can be a difficult balancing act between allowing innovation, yet ensuring safe practices. Despite this difficulty, it is still a necessity. Multitudes of investors have lost fortunes on un-regulated ICOs, as made evident throughout the last two years.

It is this very problem that has led to the popularity of the regulated digital security offering. The twins echo this sentiment, as seen in their marketing campaign, pushing for a regulated crypto.

Gemini

The Gemini headquarters are in New York.  The company was founded in 2014, and is a product of cofounders Tyler and Cameron Winklevoss. Above all, Gemini acts as both a custodian and exchange for digital assets. In the time since its inception, Gemini has taken a unique approach to growth, by embracing regulation from day 1.

When asked if Gemini would venture into other sectors, Cameron indicated a desire to expand into digital securities. He stated, “Virtual securities tokens is a real thing – and those sort of backed by real assets, there is a bright future there, and we may move into that.”

Winklevoss Twins

It is hard to find someone that hasn’t heard of the Winklevoss twins. They are Olympic Athletes, that have gone on to be wildly successful in the world of finance.

The brothers, Tyler and Cameron, are currently enveloped in advancing the world of blockchain. As they are believed to be one of the largest holders of Bitcoin in the world, this is no wonder. They closed out their interview by jokingly saying that ‘only Satoshi has more’.

 

To view the interview in its entirety, click HERE.

Spread the love
Continue Reading