Top-8 Security Tokens News – Weekly Digest (11 – 17 Feb)

Elevated Returns and Securitize to Utilize Tezos for Digital Securities

Weeks ago, news broke that the St. Regis Aspen Digital Securities would be migrating onto the Securitize platform. The company behind the St. Regis DSO endeavour is known as Elevated Returns. Elevated Returns and Securitize released joints statements, discussing their future intentions for the digital securities industry. In this announcement, the duo indicated an intent to eventually tokenize $1 billion worth of real estate. Source

NEO Global Development establish the Digital Asset Alliance to explore securities

NEO Global Development (NGD) has recently begun taking steps to prepare for an economy where securities and blockchain merge. It has established the tentatively named Digital Asset Alliance (DAA), a consortium of participants from various industries including liquidity providers, KYC/AML providers, issuance platforms, law firms, and projects. The members of the DAA are primarily located in the United States, Europe, and Asia. Source

Luxembourg Introduces Legal Framework for Blockchain-Based Securities

The new legal framework mandates companies to register their securities offerings over the blockchain before distribution to investors. The bill document reads that Bill 7364 aims to “provide financial market participants with legal certainty for the circulation of securities via blockchain technology”. It further notes that the bill should aim to provide better security for the investors while making the “transfer of securities more efficient by reducing the number of intermediaries”. Source

SPiCE VC invests in digital securities exchange Archax

SPiCE VC, the world’s first fully tokenised venture capital fund, today announced its latest strategic investment, taking a stake in Archax – the forthcoming institutional digital securities exchange based in London. Archax, which plans to launch during 2019, is focused on providing a venue for institutions and professional investors to trade in all types of security tokens globally. Source

US SEC Highlights Dedicated ICO Guide Amid Ongoing Regulatory Debate

U.S. regulator the Securities and Exchange Commission (SEC) has reiterated guidelines on initial coin offerings (ICOs) in a tweet Feb. 10, as efforts to formalize the sector continue. The five descriptive aspects listed appear to summarize the organization’s current perspective. These include confirmation a token issued in an ICO can be a security in need of registration with the SEC, regardless of how its issuer refers to it. Source

Restaurant Owner’s Global Property Fund Plans to Sell Crypto Tokens

If you didn’t think property investing was already risky enough, Stephane De Baets has an intriguing proposition. The New York-based Belgian entrepreneur is throwing cryptocurrencies into the mix. De Baets plans to sell shares in a global real estate portfolio in the form of digital tokens following a comparable sale last year of part ownership in a Colorado hotel for $18 million. He’s targeting $250 million of transactions this year, including a $100 million deal in Thailand. Source

PhunCoin, a Subsidiary of Phunware, is Selling their Security Token on Republic Crypto

Phunware is described as a “fully integrated enterprise software platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application audiences globally at scale.” Phunware has raised about $100 million in VC capital and has already issued a security token last year in a Reg D offering. Now Phuncoin is raising capital on Republic Crypto seeking up to $1.07 million under Reg CF. Source

REMCO Engages LATOKEN to Conduct One of the First STO

REMCO has just entered into an agreement to list its tokens on LATOKEN, a leading digital assets trading platform, through a licensed broker. This agreement is an important foundational element to the ongoing REMCO Security Token Offering, one of the first security token listings in the world. REMCO Software is building the world’s first distributed utility token-generating platform for money transfer. Source

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