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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

FINMA Releases Annual Report – List Security Tokens and DLT

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FINMA Releases Annual Report - List Security Tokens and DLT

This week, the Swiss Financial Market Supervisory Authority (FINMA) published its annual report for 2019. Interestingly, the report highlights developments surrounding security token offerings (STO) and distributed ledger technology (DLT). The news falls in line with efforts by Swiss regulators to further develop the country’s blockchain sector.

Challenging Questions

Discussing the results of the report, FINMA officials pointed out that there continues to be “challenging questions” the group encounters. Specifically, regulators face questions regarding the trade, custody, and settlement of different token types. Additionally, FINMA continues to receive questions about possible licensing requirements pertaining to the central securities depository pursuant to Art. 61 of the Financial Market Infrastructure Act (FMIA).

Importantly, FINMA regulators believe that tokenized securities need to be met with an updated regulatory framework. Specifically, regulators would like to create a new licensing category for institutions looking to trade, settle and custody securities under a single entity. These concerns are echoed by US regulators who also face tough questions regarding streamlining the securities settlement process for tokenized assets.

Stablecoins Are in the Spotlight

Also, the FINMA report gives special attention to the emerging market of stablecoins. Stablecoins are tokenized assets that are pinned to real-world assets such as gold, or in most instances, fiat currencies. Stablecoins have been in the spotlight lately as a myriad of major non-governmental concepts have come to light. Specifically,  Switzerland is home to Libra, Facebook’s stablecoin project. As such, regulators seek to control, but not stifle these efforts.

ICO Data

FINMA also included data on initial coin offerings (ICO) for the year. Importantly, there were 1185 individual ICOs that took place last year within the group’s jurisdiction. Of these ICOs, the group started investigations into approximately 60. Out of the 60 investigations, 30 resulted in enforcement actions. Surprisingly, these numbers are a decrease over 2018. In 2018, 42 investigations concluded in enforcement actions.

FINMA Releases 2019 Report

FINMA Releases 2019 Report

Specifically, FINMA identified a breach of the Anti-Money Laundering Act (AMLA) in around 10 ICOs. Another 8 cases narrowly missed prosecution but did make it to FINMA’s warning list. Ultimately, FINMA brought enforcement proceedings against three firms in 2019.

Increased Enforcement

Interestingly, this year’s report highlights a focus on the secondary-markets regarding digital assets. The group continues to explore structuring for the trading and custody of these tokens. As such, regulations continue to develop surrounding the operation of trading venues and other security token associated support activities.

FINMA

FINMA continues to play a pivotal role in security token adoption in the EU. Currently, the group oversees over 29,200 financial services firms and products. These products include a diverse range of blockchain-based applications. Additionally, FINMA has been actively collaborating with the Swiss Federal Council to develop a framework for blockchain tech through amendments to the current federal laws.

FINMA – A Step Ahead

FINMA’s forward-looking stance and flexibility in regards to the STO sector has allowed Switzerland to remain a financial hub for blockchain activity within the EU. Given the overall tone of Swiss regulators, it’s apparent that this group seeks to increase blockchain integration to new levels. As such, you can expect to see Switzerland retain its title as a global financial powerhouse for years to come.

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Draper Goren Holm Adds Rodney Sampson as Venture Partner

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Draper Goren Holm - Philanthropist Rodney Sampson

The Los Angeles-based venture firm, Draper Goren Holm announced the addition of well-known Philanthropist Rodney Sampson this week. According to reports, Sampson is now a venture partner in the firm. As such, he will play a key role in identifying projects of interest to the group moving forward. The news showcases the further expansion of the US-blockchain sector, and a desire by Draper Goren Holm to remain ahead of the curve in terms of blockchain integration.

Draper Goren Holm

The investment firm of Draper Goren Holm specializes in accelerating and incubating early-stage blockchain and fintech startups. Currently, the firm handles over 65 partnerships with top venture capital funds, media companies, and service providers in the sector. Notably, the firm is named after its three primaries – Tim Draper, Alon Goren, and Josef Holm. Together, this triad is able to catapult innovative tech projects into stardom.

Rodney Sampson

The addition of Rodney Sampson will only strengthen Draper Goren Holm’s positioning in the market. Sampson is one of the most recognized investors in the market. Much of his recognition comes from his astounding investment history and the events he hosts yearly. Importantly, Sampson participates in around 300 events per year. Consequently, he regularly works closely as an advisor to high growth startups and seed-stage venture funds.

Rodney Sampson Has the Experience to Excel

As one of his early business ventures, Sampson co-founded, built, and sold Multicast Media Technologies for $24 million in 2010. Additionally, he retains a partnership and is the largest minority LP at TechSquare Labs which is valued at over $1.5 billion. Sampson is also the Executive Chairman of OHUB and a Nonresident Senior Fellow at the leading inclusive ecosystem building platform – The Brookings Institution.

Rodney Sampson

Rodney Sampson

How the Team Met

Not surprisingly, these individuals didn’t decide to join forces out of pure chance. Sampson met Alon Goren and Josef Holm at a crowdfunding event in Las Vegas nearly a decade ago. Tim Draper also knew Sampson from the time they both judged a pitch competition for 43North in Buffalo. Importantly, Sampson believes the team wasn’t brought together by accident. He believes that together, they can work to “solve our planet and society’s hardest challenges.”

Discussing the important addition, Draper Goren Holm’s Founding Partner, Goren spoke on how Sampson will become a key contributor to the team’s unified efforts. He commended Sampson on an impressive career and his “grit, deep industry insight, and entrepreneurial spirit.” Finally, he discussed how the team will one day build the next generation blockchain hub in Los Angeles.

Goren’s thoughts were echoed by the other Founding Partners of Draper Goren Holm. Specifically, Holm spoke on Sampson’s new role in the firm. He states that Sampson will help the group scout out industry talent. In this way, the firm seeks to leverage Sampson’s decades of experience to ensure only the best and brightest concepts make it to the table.

Tim Draper

The American venture capital investor Tim Draper was born on June 11, 1958, to a long line of venture capitalists. Perhaps it was this early start that allowed him to become one of the most successful venture capitalists in the world. His most prominent investments include some of the best-known companies in the world. Draper helped start Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Twitter, DocuSign, Coinbase,  Ancestry.com, Twitch, Cruise Automation, just to name a few.

Tim Draper Crypto

Draper has been involved with blockchain technology since the very beginning. In early 2014, Draper started to acquire Bitcoin in small batches. The price was around  $2 at that time. Aside from his early savings, Draper also received international media coverage when he purchased the Bitcoin confiscated during the Silk Road trial by US Marshalls. According to reports, he purchased 40,000 Bitcoins at around $632 apiece.

Alon Goren

Alon Goren is another well-known investor in the market. His career includes becoming the CEO and Co-founder of InvestedIn. Importantly, the platform specializes in social fundraising and crowdfunding platforms. Prior to founding InvestedIn, Alon held multiple high-ranking positions at tech giants such as IMDB and MySpace.

Importantly Goran is a strong advocate for tokenization. Especially in regards to securities. In the past, he hasn’t been shy about what he considers antiquated securities laws. In a recent interview, he explained that “people operating in good faith” need more flexibility to develop the market properly.

Josef Holm

Not surprisingly, Josef Holm is also a leader in the crowdfunding industry. He has over 17 years of start-up, business development, digital marketing, and social marketing experience. Notably, he co-founded and is the CEO of Tubestart.com. The platform is a fan-supported content development platform. In 2014, he founded Krowdster.co. This platform was the first to introduce to the market crowdfunding campaign analytics, optimization, and promotion software based on big data, machine learning systems and predictive analytics.

Draper Goren Holm

Draper Goren Holm entered the market in August 2018. Originally founded by Alon Goren and Josef Holm, the company added Tim Draper only months after its start. The company focuses on incubating and accelerating early-stage blockchain startups. As such, the company helped launch Totle, Ownera, Innovesta, LunarCrush, Degens, Giftz, Vertalo, Coinsquad, CasperLabs, Element Zero, DeFi Money Market, to name a few.

Additionally, the firm hosts some of the most important summits of the year. These summits include CIS, the Security Token Summit, and the LA Blockchain Summit. Importantly, the CIS conference was one of the firm’s first ventures. Today, it is the largest blockchain conference on the West Coast.

Draper Goren Holm – The Men Behind The Magic

You can expect to continue to see innovative and disruptive technologies receive a boast from this firm. Their unmatched experience, coupled with a unique market outlook, is what keeps Draper Goren Holm one step ahead of the competition. Sampson is no stranger to the fast-paced tech capitalist world. His experience is sure to prove valuable as the group seeks to push blockchain adoption to the masses. For now, the cryptocommunity awaits the firm’s net major move.

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EUR/USD Forex Market Weakening as Virus Spread Continues

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EUR/USD Forex Market Weakening as Virus Spread Continues

• Signs of Strength in Previous Days Removed
• USD Position as Safe Haven of Choice Remains
• Oil Also at Decade Low as Impasse Continues

The Euro has faced a challenging start to the week as it stalls after record rallies last week to regain a foothold against the Dollar. The market confidence again seemingly shaken by the continued spread of COVID-19 across the bloc and the possible lack of a cohesive plan to stimulate the economies of the key nations. The USD has again gained on being the destination of choice for worried traders, while oil markets continue to plummet to new lows.

Euro Rally Looks to be Discontinued

The currency had rebounded quite well from the turmoil of recent weeks to post record gains last week. This has stalled at the $1.11 mark and dropped back almost 1% at the time of writing. This has been largely pushed by the ramp up in cases reported by Germany, the largest economy of the Union, and similar continued struggles in both France, and Spain.

The market sentiment here has also certainly not been helped by disagreement between countries about how they should deal with the economic impact of the crisis. There have been much needed injections into the markets of almost all countries in the EU, and multiple joint efforts to ensure the people have the emergency equipment and other things they need. Then came the question on how it should be paid for. This laid bare a division between several of the nations which still has not been clearly resolved.

USD Improving Again as Markets Panic

The balance of this pair will also have been impacted by the influx of traders moving back toward the USD. This may be seen as a retreat of sorts, with the confidence that was starting to grow toward the mid-point of last week receiving a knock back.

The only significant data to come out of the US today is that regarding February pending home sales. This, in combination with the expected drop back in major markets at the sounding of the opening bell, all spells a backward step for the country in lockdown. The market has not responded to various attempts at stimulation and it looks as though traders will remain steadfast in the USD for the early part of the week at least.

Oil Face-Off Continues as Price Hits New Lows

Amid the continuing coronavirus chaos, Russia and Saudi Arabia continue their standoff in the oil price war. This, at an already economically uncertain time has done the economy no favors. Crude Oil stands at the lowest point since 2002 at the time of writing. There also appears to be no breakthrough in sight.

With both nations refusing to budge, and Saudi Arabia signaling an intention to flood the market at a time when demand is already at rock bottom, there may well be further for these prices to fall before any positive progress is seen. This in turn is sure to be felt in the forex market, particularly with the Canadian Dollar which is heavily linked to oil prices.

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