Top 3 Security Tokens News – Weekly Digest (20 – 26 May)

Russia to Launch Security Token Blockchain Depository Next Month

Russia’s National Settlement Depository (NSD), which is part of the Moscow Exchange Group, will launch the Decentralized Digital Depository (D3) next month, states NSD’s Innovation Director Artyom Duvanov.

Duvanov claims the project will be launched in June in Switzerland. Initially, D3 will allow tracking ownership of several assets, including security tokens representing unregistered shares in a small health care company; Sora cryptocurrency, developed by the Japanese company Soramitu; bitcoin (BTC), ether (ETH) and ERC-20-based tokens. Source

Smartlands Launches Its First Security Token Offering (STO)

FCA-regulated STO platform Smartlands has launched its very first Security Token Offering (STO), which represents tokenized investments in a student accommodation in Nottingham. The private offering started with a minimum investment of 25,000 GBP while the public securities sale launched earlier this month with a minimum threshold of 500 GBP. Source

Hollywood Producer Raises $100 Million for Media-Focused Security Token

Proxima Media, a firm founded by film producer Ryan Kavanaugh, has raised $100 million for a token that allows investment in media content. The new token, called Proxicoin, received the notable backing from VC firms Step Ventures and the Central Wealth Investment Fund of Hong Kong, Proxima announced Thursday. Source

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