Public blockchain tokens will soon be trading on a major securities exchange.
Revealed exclusively to CoinDesk, Swiss security token firm BlockState plans to “passport” half a dozen ERC-20 tokens from ethereum, the second-largest public blockchain, to Corda, the private distributed ledger technology (DLT) platform developed by R3.
Before the end of the year, the tokens will be locked up in a smart contract on ethereum and “mirrored” versions of them will run on Corda. This is akin to global depository receipts, where shares of a company are held in custody in one country and a certificate representing ownership of them is traded in another. Source
After the fundraise is completed successfully, TokenMarket will aim to exit the UK’s Financial Conduct Authority (“FCA”) sandbox as a fully regulated investment platform, and authorised to help innovative, growth businesses raise capital through STOs. Source
Globacap has successfully exited the FCA’s regulatory Sandbox Cohort 4. It is now the first regulated digital security offering and administration platform in the United Kingdom. Globacap is an automated capital market which specializing in digital securities. Covering shares, bonds, and funds, the platform is now authorized and regulated by the Financial Conduct Authority (FCA). Source
The blockchain-powered tokenized commodities platform, TradeCloud announced plans to host an STO in the coming weeks. The company seeks to raise $42 million in two separate crowdfunding rounds. If successful, the funds will go towards further development of the firm’s all-inclusive tokenized commodities platform. Source
Seychelles-based securities exchange MERJ will purportedly list the first regulated security token on a national stock market, according to a report by Bloomberg on June 25.
As per the report, these security tokens are digital asset shares that will trade alongside stock for MERJ Exchange Ltd, the company behind the MERJ exchange. The report notes that no specific date has been given for a planned listing, but the MERJ website says that it will add markets for security tokens, digital assets, and hybrid options in H1 2019. Source