Crypto advocates interests were sparked this week after the Depository Trust & Clearing Corporation (DTCC) released a whitepaper describing fair security token business practices. The whitepaper primarily focuses on post-trade concerns. The release of this document highlights the growing interests of investors in tokenized securities. The paper lays out a concise market infrastructure in which security tokens must operate within the same rules as traditional securities. While security tokens are subject to the same regulations up to the initial trade, post-trade regulations are lax and in many instances, non-existent. The DTCC wants all players in the arena to operate in the same manner. Source
Widely expected since last October, the paper outlines the UK’s current policy and regulatory approach towards cryptocurrencies. In regards to defining cryptocurrencies, the report mentions the following: All “security tokens” fall into the definition of a “specific investment” and are well under the FCA’s regulatory scope. Source
Polymath and KABN Announce Consortium to Accelerate the Creation, Distribution, and Management of Digital Securities Across Multiple Jurisdictions and Platforms. Source
The managing director of the Jamaican Stock Exchange (JSE), Marlene Street Forrest has welcomed the listing of security tokens, after completing a successful 60-day live cryptocurrency trading trial, for trading and management of digital assets. The JSE partnered with Canadian tech firm Blockstation. Street Forrest told the Jamaican Observer: “The pilot has been very smooth so far and we are quite happy with the results.” Source
DX.Exchange now provides now institutional grade tools and services for listing digital securities for secondary market trading.
We now offer every eligible company in the industry the possibility to take its business to global, by connecting the old financial world with the new digital asset marketplace.
DX offers a one stop shop for established businesses, startups, and real-world assets to become tradeable securities. This is true definition of blockchain utility, and the dawn of the Digital Asset Revolution. Source