Top-4 Security Tokens News – Weekly Digest (18 – 24 Feb)

Germany’s Bitbond Blockchain Token To Release Security Token Offering With BaFin-Approved Prospectus

The Bitbond, a blockchain technology company has just gone ahead to announce their very first Security Token Offering; this is the STO, this is with the securities prospectus that has been approved by the BaFin. Bitbond has been considered to be the first within Germany that has been able to issue the security token that is comprehensively regulated. Source

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering

A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale in order to provide liquidity to the tokens. Source

Company Evades SEC Penalty Despite Illegally Issuing Security Tokens

The U.S. Securities and Exchange Commission (SEC) has decided not to impose a penalty on a company that had issued security tokens without its approval and without qualifying for an exemption. The company raised approximately $12.7 million. The SEC announced on Wednesday that it did not impose a penalty on Gladius Network LLC even though the company has been charged with conducting an unregistered initial coin offering (ICO). Source

Coinbase-Backed Securitize And OTCXN Partner To Unveil Securities Token Issuance And Trading Service

Securitize, a platform that claims to be focused on facilitating compliant, blockchain technology-based digital securities issuance and liquidity, has allied with the OTCXN, a capital markets trading infrastructure firm powered by distributed ledger technology (DLT), to launch an all-in-one solution targeted at streamlining the issuance and trading of securities token, according to reports on February 19, 2019. Source