Security Tokens Weekly Digest #3 (26 Nov – 2 Dec, 2018)

California court refused to support SEC in the case of recognizing a cryptocurrency token as a security

The Southern District of California court refused to recognize the Blockvest project token as a security, concluding that the US Securities and Exchange Commission (SEC) failed to prove that it is such in the context of US law. He writes about CCN.

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Ripple and Coinbase invest in Securitize, launching a security token

Launched in San Francisco, a startup, Securitize, which helps firms label their securities and assets, has managed to secure financing in the amount of $ 12.75 million USA. Blockchain Capital led the A round series with the participation of the Xpring Foundation and Coinbase Ventures. The last two names are also important. They are Ripple’s and Coinbase investment weapons.

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Hyperlink Capital announces its SFT protocol for security tokens

HyperLink Capital has announced the release of its SFT-protocol, which will become the extended standard of ERC20 markers for tokenized securities. The protocol will be an open source project. HyperLink Capital has been involved in blockchain block-based markets for some time, but they are increasingly focusing their attention on tokenized securities. Now they have just announced a protocol that Ethereum is trying to create a standard for this new asset class based on a notebook.

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Ravencoin (RVN) is ready to become an Ethereum for security tokens

Ravencoin, a bitcoin fork, is a relatively young token; since January 3, 2018, it has been hovering among cryptocurrencies. But in recent months, the coin has attracted attention due to its skyrocketing prices. The name is fictitious, borrowed from the fictional world of the Game of Thrones. Here is how you read on the main page

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MDX Signs MOU with finbc to List FBC Security Token

Malta Digital Exchange (MDX) has reached an agreement with blockchain-oriented fintech firm finbc to list its security token FBC. The two parties signed a memorandum of understanding (MOU) stipulating that the token will be added when MDX starts its operations. Germany-based finbc runs a peer-to-peer finance and payment platform and plans to conduct a security token offering (STO) – which is a relatively new form of fundraising that mixes the features of initial coin offerings (ICOs) and initial public offerings (IPOs).

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Harbor Launches Tokenized Equity Purchases With Real Estate Offering

Blockchain startup Harbor has officially launched its security token compliance platform and is moving to offer digitized shares in a high-rise building located in in South Carolina. Announced Tuesday at CoinDesk’s Consensus: Invest event, Harbor is now allowing investors to register to buy shares in apartment block called The Hub at Columbia, owned by the real-estate wing of DRW Holdings, Convexity Properties. There are 955 shares – represented by 955 tokens – available at a cost of $21,000 apiece.

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Cryptocurrency pioneer plans security token offering

Satang Corporation, one of the pioneers in the cryptocurrency business in Thailand, plans to raise funds by issuing a security token offering (STO), as part of its efforts to build a digital asset ecosystem that could help revitalise the bearish market for digital currencies.

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Patrick Byrne And Overstock.Com Go All-In On Security Tokens

Patrick Byrne leads Overstock.com as CEO. As a blockchain visionary, Byrne enabled Overstock.com to start accepting Bitcoin back in January of 2014. Now, as 2018 wraps-up in what could be cryptocurrency’s worst bear market, Byrne is ready to put it all— including Overstock.com itself—into security tokens.

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CapBridge To Launch Regulatory Approved Security Token Exchange In Singapore

Regulatory authorities in Singapore have recently announced the approval of 1exchange, a security token exchange developed by CapBridge and Consensys. With this latest headline adding to a wave of regulatory support in Singapore throughout the past few months, Singapore is positioning itself to become a security token leader across Asia and perhaps, even beyond.

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STO’s published on this week

Neufund (Fifth Force)

Vertalo

MintHealth

MovieCoin

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