Top 5 Security Tokens News Digest (1 – 10 December 2019)

Coinbase-backed Securitize acquires Japanese firm BUIDL

Securitize—a company that manages and creates compliant digital securities—today announced its acquisition of BUIDL, a blockchain consulting firm based in Tokyo, Japan.

The purchase, according to Securitize, will help the firm expand its presence in Asia, with the aim of building an industry in which institutional investors feel comfortable participating. Source

Greyp Bikes Raises €1.4 Million With Security Token Offering On Neufund

On December 5th, 2019, Greyp Bikes announced the close of a successful security token offering. The offering was open to retail investors and went on to raise €1.4 million using security token platform Neufund.

Greyp Bikes is an e-mobility company developing the next generation of electric bicycles. Greyp — the Rimac Automobili spinoff — previously conducted a successful Series A round which raised €5 million.

The company launched its Security Token Offering (STO) in September. The offering was facilitated by investment platform Neufund, and aimed for a maximum raise of €4.8 million with a pre-money valuation of €45 million. Source

China could soon open the doors to security token offerings (STOs)

A representative of the Bank of China affirmed that the country is preparing to allow security token offerings (STOs) within a strict regulatory framework.

During the Financial Finance Technology Summit in Beijing, Weimin Guo, chief scientist of the Bank of China, expressed his views about the current state of the cryptocurrency industry.

According to Guo, China’s Digital Currency Electronic Payment (DCEP) would play a significant role in tackling the issues that traditional payments systems have across the nation. He said that the digital yuan would focus on supporting the nation’s retail operations. And, eventually, expand its use towards wholesale and more complex businesses. Source

Max Crowdfund STO Promises to Fuel Tokenization Revolution

This week, European investors got their first opportunity to participate in the Max Crowdfund STO. The Max Crowdfund platform seeks to revolutionize the EU real estate sector via an aggressive tokenization strategy. Interestingly, the STO will take place across five phases with the first release already surpassing its soft cap of €500,000.

Max Crowdfund is the tokenization and crowdfunding arm of Max Property Group B.V. (MPG). The platform utilizes blockchain technology to streamline real estate investments in a major way. The platform currently boasts over 75,000 global users. Additionally, Max Crowdfund provides the EU market with much-needed liquidity. Source

Smartlands to Digitise Own Equity; Unveils Plans For Security Token Offering in the US

Smartlands, a global security token issuance and investment platform, the first mover in regulated asset tokenisation, unveils plans to tokenise own Holding company, Smartlands Holding Ltd., and for the first time offer shares tokenised on the Smartlands platform to US investors. Valued at $28,600,000 (pre-money), the company will make 3.5% of its equity stake available to investors worldwide, including accredited investors in the US. Smartlands is looking to raise $1,000,000 and use the funds for global expansion, development of the newly released digital payment product Smartee, and distribution of the first Smartee Co-owner payment cards. Source

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