Security Tokens

Stellar Invests in Security Token Platform Targeting Developing Markets

The investment arm of cryptocurrency project Stellar has made its first enterprise bid on a security token platform that provides emerging economies with access to traditional assets and cryptocurrencies. The Stellar Development Foundation (SDF) announced Wednesday that it has invested $715,000-worth of lumens (XLM) tokens in DSTOQ, a security token platform that provides traders with …

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Why Security Token Offerings Are a Big Yawn in Parts of Asia

Security token offerings (STO) were supposed to be the next big blockchain-based investment vehicle following the bursting of the initial coin offering (ICO) bubble of 2017. But there have been a number of reasons why this form of equity funding has not lived up to the hype of being a next-generation activity, including regulatory uncertainty …

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TokenSoft Launches Wallet Allowing Investors to Self-Manage Security Tokens

U.S.-regulated security token platform TokenSoft is now providing self-managed accounts for investors. The new service, announced on Thursday, is aimed to provide users of the platform a less technical and more secure way to hold and control their security token investments. Effectively a digital wallet, the product offers automated dividend distributions, and built-in reporting for …

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3 More Execs Leave Swiss Stock Exchange’s $100M Blockchain Project

Three executives have left SDX, the blockchain-based digital asset trading venue owned by Swiss stock exchange operator SIX Group, since the year began, including two founding team members. Ivo Sauter, SDX’s head of clients and products, and Sven Roth, its chief digital officer, both left their full-time positions. Roth will continue as an external advisor …

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Leading Japanese Firms Partner on Security Token Research

Mitsubishi UFJ Financial Group – Japan’s largest financial group and the fifth largest bank in the world by assets – is leading a 22-member research consortium to develop standards around security token management. The group – the Security Token Research Consortium – includes security issuers, broker dealers and technology companies, such as NTT Docomo Inc. …

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Spencer Dinwiddie Could Decentralize Pro Sports – If Accredited Investors Want In

Accredited investors can soon indulge their hoop dreams. In partnership with crypto firm Paxos, NBA guard Spencer Dinwiddie is looking to raise $13.5 million by tokenizing the first year of his three-year, $34.5 million contract. Dubbed the DREAM Fan Shares platform, investors in the securities offering will earn interest through Dinwiddie’s bi-monthly paycheck. The minimum …

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WATCH: The State of Security Tokens in Asia

CoinDesk’s Christine Kim sat down with Dalma Capital Management CEO Zachary Cefaratti,Director of Digital Assets at R3 Antony Lewis, and Philip Pang, the Associate Director at Colliers International this past week for a panel discussion entitled the “State of Security Tokens in Asia.” [embedded content] R3’s Lewis kicked off the event, speaking to the Invest: Asia …

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Germany Passes National Policy to Explore Blockchain But Limit Stablecoins

Germany’s government has passed a new strategy outlining the ways the leading EU state is planning to use blockchains. Approved by Chancellor Angela Merkel’s cabinet on Wednesday, the strategy sets the government’s priorities in the blockchain space, such as the digital identity, securities and corporate finance. It also sets out that the state won’t tolerate …

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Investing Platform BnkToTheFuture to Enable Security Token Offerings

BnkToTheFuture, a fundraising platform for fintech and blockchain companies, is gearing up to enable security token offerings (STOs), the company said. The Hong Kong-based platform will place an undisclosed stake in crypto consultancy firm, Diacle, to build a shared security token advisory and investment service. BnkToTheFuture anticipates a wave of market interest in the emerging asset …

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Retail Giant Overstock Reports Losses, Says Blockchain Business Strong

Retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. In a shareholder announcement published on Aug. 8, Overstock stated that its blockchain subsidiary firm, tZERO, is progressing as planned, with a focus on six key areas — notably security tokens. No …

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