Canadian Ontario Securities Commission (OSC) is green lighting TokenGX’s request to facilitate secondary-market trading of security tokens. The platform will be released as a pilot program supporting security tokens until 2021. Source
A firm part-owned by Overstock’s tZERO is seeking regulatory approval to launch one of the first markets for publicly traded, registered security tokens.
The Securities and Exchange Commission (SEC) on Friday released a rule change proposal that would allow Boston Securities and Token Exchange (BSTX) to create an automated equity trading platform, with ownership records stored on the ethereum blockchain. Source
Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Source
Blockchain firm Fundament has landed German real estate giant Bauwens as a strategic investor with $7.35 billion of projects to jumpstart its asset tokenization business.
Fundament CEO Thomas Ermel told CoinDesk that Bauwens acquired 15 percent stake of the firm in cash in September after beginning negotiations for a partnership in May. Source
A new association in Japan brings significant institutional support to security token offerings (STO), just months before regulations on the public sale of coins in the country are to be implemented.
On Oct. 1, six major Japanese brokerages, including Nomura Securities and Daiwa Securities, formed the Japan STO Association, a self-regulatory organization (SRO) for STOs. Source
Russian officials took some important steps this month towards the creation of a regulatory framework for security tokens. In the past, Russia has been on the fence of how to exactly handle the new technology. This undecidedness hurt the country’s blockchain community and slowed adoption. Source