Top 5 Security Tokens News – Weekly Digest (15 – 21 Apr)

London Stock Exchange Completes First Test Of Security Token Issuance

The London Stock Exchange (LSE) has worked with Fintech company 20|30 to issue the first tokenized securities on the platform. Approximately £3 million worth of tokenized equity was issued and settled via Ethereum in a ‘test environment’. Source

“Tokenisation will unlock value in a whole range of assets, from existing shares to new issuance, bonds, property, IP, fine art and much more.”

Tomer Sofinzon, CEO of 20|30

Meet The First Black Woman To Raise Over $1 Million In A Secure Token Offering

$1,070,000 raised from more than 2,117 investors and an oversubscribed waitlist with massive commitments. In Dickson’s most recent endeavor, the founder created PopCom, a hardware organization founded due to a pain point she experienced during the conception of an earlier company called Flat Out Heels in 2011. Flat Out Heels was designed as a result of Dickson’s vision to “sell shoes in vending machines. Source

UAE emerging as global hotspot for security token sales

Security token sales are picking up in the UAE as a $100m security token sale by Sumner Group targeting Middle East investors could see the country become a global hotspot for these transactions. Source

BTG Pactual’s ReitBZ Real Estate Security Token Offering Hits Soft Cap of $3 Million

ReitBZ, part of BTG Pactual, has announced that it has hit its USD $3 million “soft cap” goal. ReitBZ has set a hard cap of USD $15 million. ReitBZ is a security token offering based on real estate assets. Source

Wevest AG chooses Stellar Blockchain for security token services

A Berlin-based fintech Wevest firm has recently opted for the Stellar consensus protocol as the finest blockchain for security tokens. The German fintech firm known as Wevest popular for offering digital financing and banking facilities to small and medium-sized enterprises (SME’s), recently publicized its choice of employing the Stellar blockchain protocol for its imminent security token services. Source

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