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Zapaygo STO to Benefit from Vertalo and DealBox Services

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Zapaygo STO to Benefit from Vertalo and DealBox Services

Pre-Order Payments through Zapaygo

In anticipation of their upcoming security token offering (STO), Zapaygo has established multiple key partnerships with industry specialists. These include, both, Vertalo and Dealbox.

Through the combination of services offered by this duo, Zapaygo now has the ability to, not only, onboard investors, but to issue digital securities, all the while managing these assets through their lifecycle.  All of this is crucial to seamlessly complete an STO for their pre-order/payment app.

While the most common implementation of digital securities and STOs, remains real-estate backed funds, it is clear that there are many more unique applications in which this technology can be used. Zapaygo is simply one example of this process becoming main-stream.

Commentary

In making their announcement, representatives from each, Zapaygo and Vertalo, took the time to comment on their partnership. The following is what each had to say on the matter.

Dave Hendricks, CEO of Vertalo, stated,

“There is nothing worse than missing the winning goal in your team’s match.  Zapaygo is solving the age-old waiting in line problem at arenas, stadiums and other venues where people have been forced to wait for their drinks and bites.   Vertalo is excited to help Zapaygo with their digital asset issuance process to create a better experience for their investor supporters and help to bring this key convenience technology to the global market for both fans and venues.”

Elliot Hall, CEO of Zapaygo, stated,

“Zapaygo is delighted to be working with Vertalo and DealBox. Over the last 12 months we met with, and evaluated, many potential service providers the world over. DealBox approached Zapaygo as an exciting opportunity, then Vertalo came highly recommended by a UK FCA regulated company…after speaking with Vertalo and DealBox separately for a few weeks it became clear all parties actually knew each other. We have since developed a great working relationship and the team at Zapaygo is looking forward to launching the STO in the next few weeks.”

Zapaygo

Zapaygo is a London based company, which was launched in 2015. Zapaygo offers its users a smartphone application, which facilitates expedited processes for ordering and paying for concessions at entertainment venues. This is achieved by serving as a platform which, not only allows for venues to communicate with its visitors, but for these users to pre-order and pay for concessions.

Vertalo

Since their launch in 2017, Vertalo has called Texas ‘home’. Vertalo provides a variety of services ranging from cap-tables, to compliance adherence and investor onboarding. This flexibility in their offerings has led to Vertalo experiencing strong adoption. This is seen through a continued stream of established partnerships and service use.

Only a short time ago, we had the privilege of interviewing Vertalo CEO, Dave Hendricks. Check out our interview series to learn more about what Vertalo has to offer.

Interview Series – Dave Hendricks, CEO of Vertalo

DealBox

DealBox is a Californian company, which was founded in 2016. This young company specializes in capital formation – helping promising start-ups gain access to the funding necessary for growth. DealBox has a specific focus on start-ups involved within the world of blockchain.

Beyond the news discussed here today, DealBox has also had recent dealings with another company within the digital securities sector. The following article describes this past alliance formed with TokenIQ.

TokenIQ teams with DealBox to Offer Various Security Tokens

In Other News

Keeping on trend with entertainment merging with digital securities, we have recently covered another unique implementation of blockchain. In this instance, Toronto based Blockstation has structured a deal to potentially entice a world best talent into staying with the Toronto Raptors. Check out the following article to learn more about this event.

Blockstation to Host DSO in Attempt to Lure Kawhi Leonard

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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

New Shore Invest Starts a New Ship Finance Platform

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New Shore Invest to Tokenize Ship Ownership

A new ship finance platform by the name of New Shore Invest seeks to integrate blockchain technology into the sector. The firm will utilize the tech to create and issue equity-based limited partnership shares. The new strategy opens up the international shipping market to investors globally. Additionally, the move showcases the disruptive qualities that blockchain technology provides.

New Shore Invest’s fractional ownership will launch in Germany in Q1 2020. The firm intends to allow all retail investors to participate in the program which is loosely based on the outdated German KG model. The German KG financing model was popular in the early 2000s. Unfortunately, the system became obsolete following the 2008 financial crisis in which financing firms tightened their requirements significantly.

Discussing the revival strategy, Hanno Tamminga, founder of New Shore Invest, spoke on the importance of digitalizing the market. He explained how tokenization is important to ship owners because it provides them with access to fresh equity that was previously unavailable.

He wasn’t the only founder to praise the maneuver. Hannes Hollaender, co-founder and partner of New Shore took a second to discuss the firm’s plans moving forward. He explained that in order to excite investors, his company needed to find a strategy that was both “green and innovative.” He also described how the new system will fill the current gap of equity for shipowners.

KG shares

For its part, New Shore facilitates and structures limited partnership shares of single ship companies. These security tokens utilize advanced smart contracts. In this manner, all its rights and obligations according to the articles of association are directly integrated within the token’s protocol.

New Shore Invest via Homepage

New Shore Invest via Homepage

Importantly, these tokens are to be ERC-1400 compliant. Basically, they will live on the Ethereum blockchain. The decision to utilize the ERC standard was a smart one on the part of New Shore Invest. For one, Ethereum’s ERC standards are by far the most popular tokenization option in the market. As such, they offer a variety of interoperability not found within other token types.

New Shore Invest STO

New Shore Invest’s strategy will break each tokenized ship company down and offer the shares to investors via STOs. This strategy is far more efficient than the original German KG model. Also. it provides a cost-efficient, secure, and faster alternative to the current business practices in the sector. For example, investors can purchase online and it only takes minutes to complete a transaction. Best of all, there are no fees for investors who participate.

New Shore Investors

According to company documents, all investors receive dividends based on the number of tokens they hold. Additionally, investors receive a profit share of any vessels sold. Finally, investors gain a handful of new liquidity as the new shares are able to be traded and transferred in a secondary market.

NorthCape Capital

The Oslo-based venture capital firm, NorthCape Capital was the main financier for the project. The company is no stranger to the sector. To date, NorthCape arranged and structured $ 18 billion of lease financing. Importantly, this financing was spread across both the maritime and aviation sectors

Time to Check Out the New Shore

Given the experience and large network, the New Shore platform incorporates, its no surprise to see this team succeed. The concept of tokenizing ship ownership puts a new age twist on one of the oldest financial services available. You can expect to see this firm expand its strategy into other areas of transport as the company begins to reap the benefits of its unique business model.

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Issuers

Securitize Enables Investors to Allocate their Retirement Savings via AltoIRA.

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Securitize Completes STO for AltoIRA

The security token issuance platform, Securitize achieved a major milestone for the entire security token community this week. The firm successfully enabled the very first-ever investment into a security token offering (STO) from an individual retirement account (IRA). The news demonstrates further security token adoption by traditional investment firms and a desire by more investors to participate in this expanding sector of finance.

Discussing the important milestone, Carlos Domingo, Co-Founder, and CEO at Securitize explained the overall excitement surrounding the project. He spoke of the importance of facilitating direct IRA investments to open the market. Domingo described how the new strategy provides millions of investors with direct access to new capital connected to the Securitize platform. He also took a moment to touch on what the developments meant for other digital securities issuers.

AltoIRA

In order to make this revolutionary concept a reality, Securitize created a strategic partnership with the alternative investment firm – AltoIRA. The firm directly integrating Securitize’s DS Protocol in order to automate the entire process. In this manner, interested parties can directly invest their IRA savings into alternative assets such as security tokens. Notably, the new system is far more cost-effective than traditional IRA investment methods.

Discussing the maneuver, Eric Satz, CEO at AltoIRA explained how “thrilled” his company was to be a part of the first-ever direct investment into digital securities via an IRA. He hopes that the integrations will help investors achieve a truly diversified portfolio moving forward. Lastly, he spoke on the limited market exposure security tokens received to date. Currently, around only 2% of all alternative assets are held within retirement funds such as IRAs and 401ks.

AltoIRA via Homepage - Securitize

AltoIRA via Homepage – Securitize

Part of the reason for this lackluster market penetration is that traditional custodians lack the digital infrastructure to participate in these new markets. Now, AltoIRA users can enjoy access to tokenized private equity, venture capital, and real estate. Also, these users can now invest directly into cryptocurrency from their retirement accounts as well.

CityBlock Capital

For its part, AltoIRA chose to provide investors with access to the CityBlock Capital fund. The venture capital firm CityBlock Capital is best known for its flagship private fund. The fund has a focus on blockchain startups with the overall goal to simplify access to tokenized finance and digital asset trading.

Robert Nance, Managing Partner at CityBlock Capital explained why they choose to utilize the Securitize platform over the competition. He stated that Securitize is a leading solutions provider in the industry. He also spoke on the ability to unlock untapped liquidity via the use of blockchain technology.

Securitize Your Future

Securitize continues to expand the functionality of the entire blockchain sector. You can expect this latest venture to speed up security token adoption in a major way. Now IRA investors have new opportunities to participate in the new age economy as it develops.

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Bonds

Spencer Dinwiddie DREAM Shares launches January 13th

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Spencer Dinwiddie DREAM Shares launches January 13th

After a sizable delay and numerous run-ins with NBA executives, it now appears that Brooklyn Nets point guard Spencer Dinwiddie will get to bring his tokenization strategy to the market. Dinwiddie took serious heat from the league when he announced plans to tokenize a portion of his contract. Now, after almost three months of delays, Dinwiddie’s token-based investment tool prepares to enter the market.

DREAM Fan Shares

Dinwiddie wants to let his fans own a portion of his contract via the DREAM fan shares platform. This blockchain-based tokenization strategy would allow Dinwiddie to digitize a portion of his contract. These tokenized shares would then be made available to fans seeking to increase their stake in the athlete’s career.

According to Dinwiddie, DREAM shares are set for a January 13th launch date. The date will coincide with Dinwiddie’s first career All-Star Game. In this manner, Dinwiddie can couple the publicity to further promote his unique tokenization strategy.

As part of this strategy, Dinwiddie seeks to sell 90 SD8 coins. Each coin represents a tokenized share in his $34 million contract. If successful, Dinwiddie will be able to collect up to $13.5 million of his guaranteed three-year agreement without having to wait until the final years of the contract. In essence, the agreement provides him with a new age business loan.

NBA Officials not Pleased

For their part, the NBA has been unapathetic towards the young player’s decision to tokenize his contract. These disagreements with the NBA came to a head when the league threatened to terminate his contract and ban him from the league during negotiations. Luckily, Dinwiddie instituted some changes to his strategy which alleviated much of the league’s concerns.

One of the main problems the NBA had with Dinwiddie’s original strategy had to do with his final years. In the original agreement, Dinwiddie wanted to provide his investors with a chance to make larger dividends if he were to acquire a more lucrative contract with Brooklyn or another team. This section struck NBA officials as problematic with some calling it gambling. Officials were so concerned they threatened to terminate his contract if the clause wasn’t removed.

Dinwiddie to Tokenize Contract

Dinwiddie to Tokenize Contract

After four intense negotiations in person and three additional correspondences over the phone, Spencer Dinwiddie was able to secure league approval for his concept. Discussing the decision, he admitted that he never expected the league to support his idea fully. Luckily, he had some strong support for the plan from the Players Association. Also, he had a team of lawyers by his side to ensure that his rights were not violated.

Dinwiddie Just Changed the Game Forever

It’s not too often that a single player changes the game forever, but in this instance, Dinwiddie has utilized blockchain technology to provide more liquidity in the market. You can expect to see DREAM shares start to tokenize more athletes and entertainers’ contracts in the coming months. In this way, these individuals can cash out their multi-million dollar agreements without waiting years to do so.

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