Top-8 Security Tokens News – Weekly Digest (25 Feb – 3 Mar)

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Polymath Tests Show Security Tokens Can Be Compliant on a DEX

Security token platform Polymath has teamed up with Loopring to trial peer-to-peer trading of security tokens on a decentralized exchange. Revealing the news exclusively to CoinDesk on Wednesday, Polymath said that the “successful” tests – which used smart contracts on Loopring’s DEX protocol – demonstrated that only authorized trades of ST-20 security tokens were able to execute, while unauthorized trades could not. Source

Security Token Startup Templum Shifts to Private Blockchains

Announced Monday, enterprise software vendor Symbiont is building a private blockchain and smart contracts system that Templum will use for future security token offerings (STOs) by its clients. Previously, the regulated broker-dealer left the choice of blockchain protocol up to the issuers, but this posed problems, Templum CEO Christopher Pallotta told CoinDesk. Source

Many were choosing ERC-20 tokens that run on top of ethereum, said Pallotta, but that network’s well-known scaling challenges meant trading could be hampered during periods of high transaction volumes, such as the peak of the CryptoKitties craze.

Barbados Stock Exchange Selects Blockstation’s Digital Asset Trading Solution to Provide Security Token Listings and Trading

The Barbados Stock Exchange (BSE) today announced the signing of a Memorandum of Understanding (MoU) with Blockstation to deliver security token trading capabilities on their exchange. The BSE joins a growing number of stock exchanges that have publicly shown interest in digital assets and the listing of regulated Security Token Offerings (STO). Source

Paysera to be First STO launched through DESICO

DESICO has just announced their first client, which will utilize their rapidly developing digital security platform. This company is known as Paysera – a global payment processor catering to over 250,000 clients. This relationship will see Paysera host a security token offering in April of 2019. Interestingly, this particular STO is geared towards retail investors. With this in mind, it has been decided that investments will be limited to $7500 €. Source

Thai Government Moves to Legalize Security Tokens

Thai officials announced plans this week to amend the Securities and Exchange Act to allow for blockchain-based securities to be issued and traded within the country. The decision comes on the heels of a slew of new Thai crypto projects seeking approval. The decision to create a stronger regulatory framework strengthens Thailand’s already critical position in the blockchain community. Source

Inveniam Capital to Host $266 million Digital Security Offering

An announcement made today by Inveniam Capital Partners, has revealed that the group intends to tokenize $260 million worth of real-estate. The first chunk of which is a $66 million USD property located in Miami. The idea of tokenized real-estate is one of the most prevalent, and popular, in the growing world of digital securities. Real estate has long represented an asset class that is high on potential, but low on accessibility and liquidity. Through the use of blockchain technology, Inveniam Capital Partners looks to change this. Source

Fluidity Factora to Utilize Dai Stablecoin in Security Token Offering

Fluidity Factora has announced their intent to tokenize a real estate opportunity in Brooklyn, New York. This property, being called Factor-805, is a 37-unit residential building. It represents one of the first projects to offer fractionalized ownership in U.S. based real estate, through the use of both digital securities and stablecoins. For those investors that take part in the upcoming STO, a yield of 13.24% is expected upon maturity. Source

Rhode Island Proposes New Laws That Would Exempt Some Blockchain Tokens from Securities Regulations

The bill, which is house bill 5595, was filed on Wednesday by five Democrats and Republicans of the Senate, suggesting changes to the Rhode Island Uniform Securities Act. The change would change the definition of securities, exempting “open blockchain tokens” from its definition, subsequently keeping issuers of these tokens from having to follow the policies of the act. Source

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