As of June 4th 2019, the U.S. Securities and Exchange Commission (SEC) has charged Kik with conducting an illegal securities offering. The SEC alleges Kik’s offering of Kin tokens was marketed as an investment opportunity, failed to register with U.S. securities laws, and ultimately took advantage of investors. The SEC and Kik Explained Just last […]
Category: STO News
Standard Tokenization Protocol (STP) Secures $7 Million
The open-source tokenization firm, Standard Tokenization Protocol (STP) issued a press release on May 29th. In the release, the company described how it raised $7 million in private funding to date. Now, STP wants to take transparency in the tokenization sector to the next level. Private Crowdfunding Events According to a recent press release, Standard […]
Avenir Suisse Suggests Swiss National Bank To Launch A Token Based On The Swiss Franc
The Swiss think tank called Avenir Suisse recommended Switzerland’s National Bank to launch a Swiss franc token. The information was released by the privately funded think tank in a report on June 4. This would allow Switzerland to become a dominant player in the tokenized securities landscape. Could The Swiss National Bank Create A Swiss […]
Bloomberg Terminal Will Include Cadence, an Ethereum Blockchain-based Debt Instrument
Blockchain-based Cadence becomes recipient of FIGI. Cadence will be available through a new listing with Bloomberg terminal. The Cadence platform allows consumers to convert their commercial debt into ERC-20 tokens. The platform has recently made headlines is for becoming the first blockchain-based financial instrument to obtain a Financial Instrument Global Identifier (FIGI). By having a […]
Bletchley Park Invests in Forthcoming London-based Digital Securities Exchange Archax
As of June 4th 2019, Bletchley Park Asset Management has announced a stake in the developing digital securities exchange Archax. The anticipated institutional grade platform has now received numerous notable investments and is planning for a 2019 launch. Bletchley Park’s Investment in Archax Explained Archax is a developing digital securities exchange aiming for institutional grade […]
Bletchley Park Asset Management invests in London based Archax
Investment by Bletchley In a positive development, London based, ‘Archax’, has announced that they have become the recipient of an investment from Bletchley Park Asset Management. This investment occurred because Archax has proven themselves to be a promising outfit, on the cusp of a platform launch. Specializing in blockchain based investments, Bletchley Park recognized the […]
A Month in Review – May 2019
Digital Securities May presented as a mixed bag for digital securities. While cryptocurrencies and blockchain, as a whole, saw continuing positive trends, digital securities floundered slightly. Despite this, there was no shortage of positive developments seen. Read on to learn more about this industry progression through or original coverage and interviews. Partnerships Various partnership were […]
The SEC Has Filed Suit Against Kik For Its 2017 ICO
In 2017, messaging service Kik raised $100 million during its Kin token ICO. The US Securities and Exchange Commission now claims the ICO constituted an illegal securities offering.
SEC Charges Kik Interactive for $100m Kin Coin ICO
The Canadian company is said to have violated US securities laws with its token sale
Ethfinex Trustless Launches OTC Platform on Ethereum
The platform will allow trades in any ERC20 tokens.
