Top 5 Security Tokens News – First Digest of 2020

Sony Invests in Security Token Platform Securitize

Japanese multinational group Sony has invested in Securitize through its venture capital fund SFV・GB L.P, which is co-managed by Sony Financial Ventures (SFV) and Global Brain. Securitize is a blockchain-oriented firm that helps businesses issue compliant security tokens. Source

German Bank von der Heydt to Issue Security Tokens, Offer Custodial Services

In February of 2020, private bank Bankhaus von der Heydt announced a successful collaboration with FinTech and blockchain services provider, Bitbond. The two have collaborated to develop a technical infrastructure for the custody of digital assets, and have now announced the completion of its first custodial transactions. Moving forward, the bank aims to issue security tokens and even develop its own stablecoin. Source

Ethereum-based FLYT is First Property-backed Security Token in Africa

On February 8th, 2020, Flyt Property Investment announced the launch of Africa’s first-ever security token backed by property. The firm partnered with technology provider Bakari to create FLYT security tokens which are equivalent to one share in the Flyt Hospitality Fund. Source

MetalStream & MSGLD Security Tokens

The tokenization of precious metals continues to be an area of expansion within the security token sector. This week, MetalStream Ltd (LL16561) joined in on the action with the launch of the MSGLD security token. The news symbolizes another entry into the blockchain sector, as well as, a strong desire to bring the advantages of tokenization into the global mining arena. Source

Archax to Host Polymath Security Tokens on Upcoming Exchange

This aforementioned collaboration will see Archax become home to assets tokenized through Polymath. In doing so, investors in these assets will finally be able to tap into higher levels of liquidity – a trait long touted as being key to digital securities. Source

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