At an International Monetary Fund (IMF) panel discussion on April 10th 2019 titled “Payments in the Digital Age” in Washington, DC, JP Morgan Chase’s Sarah Youngwood discussed the new JPM Coin. She says the existing pain points of Know Your Customer (KYC) and Anti-Money Laundering (AML) processes can be streamlined through the JPM Coin. How […]
Category: STO News
Stratis Roadmap Indicates Support for Security Token Offerings
Stratis Roadmap One of the more popular, and well known, blockchain companies is that of Stratis. While often flying under the radar, Stratis has found themselves as a constant within the industry, since before most current trendy companies were even conceived. This BaaS outfit has just released their roadmap for 2019. In their look at […]
Crypto Legal Expert Says Token Taxonomy Act Would Create More Uncertainty
Leading crypto lawyer Jake Chervinsky says the Token Taxonomy Act does not provide clear regulatory standards, has elements that are difficult to apply, and does not have a foundation in existing laws and regulations.
Security Tokens or STO: Evolution in Capital Markets – Thought Leaders
This is part 4 of a 5 part series. Click here for part 1, Click Here for Part 2, or Click Here for Part 3 From the traditional private equity or debt to less conventional crowdfunding. The most recent tokenisation method is the next step in the evolution of the capital markets. Often ICO token […]
Provenance.io Completes $20 million Security Token Offering
Mission Complete Provenance has announced the successful completion of their recent security token offering. This event, which saw the sale of ‘Hash Tokens’, took place as a Regulation D offering. It attracted $20 million worth of investments from qualified investors. This funding is intended to be used for the continued development of the Provenance blockchain. […]
Harbor Cancels Tokenized REIT of University Dorm ‘The Hub at Columbia’
As of April 11th 2019, Harbor’s $20 million tokenization of a REIT involving ‘The Hub at Columbia’ has officially been called off. According to a Harbor spokesman, the underlying cause was a dispute with the project’s existing mortgage lender. Harbor’s Cancellation of Tokenized REIT Involving ‘The Hub at Columbia’ Explained Harbor CEO Josh Stein announced […]
Thor Token Shuts Down, Blames ‘Regulatory Challenges’
The project raised $21 million through in ICO last year.
GO Philly Fund Aims to Raise $50 Million through Tokenized Offering via Securitize
As of April 11th 2019, the GO Philly Fund is turning to tokenization as a means to raise a total of $50 million. With $15 million already raised, the fund is leveraging the Securitize platform and the benefits of tokenization to meet its final goal. The Tokenized GO Philly Fund Explained Pennsylvania-based Ben Franklin Technology […]
Mauritius FSC Clarifies Regulations, Security Tokens Subject to Existing Securities Laws
On April 8th 2019, Mauritius published guidance outlining its regulations for compliant Security Token Offerings (ST0s). Ultimately, the commission classified security tokens as securities, but in digital form. Mauritius Security Token Regulation Explained In jurisdictions throughout the world, to include the United States and Hong Kong for example, tokenized securities must abide by existing securities […]
Venture Capital Company From Pennsylvania To Tokenize An Investment Fund
The Ben Franklin Technology Partners of Southeastern Pennsylvania has recently decided to tokenize one of its funds. The fund that will be tokenized is the Global Opportunity Philadelphia Fund, also known as GO Philly Fund, which has around $15 million USD committed to it. While the Ben Franklin fund has a more restricted range of […]
