The economic impact of the coronavirus is well underway. Financial markets are experiencing significant turmoil. Now, one of the world’s most successful Venture Capital (VC) firms says startups are next. Why the Coronavirus will Hurt Startups When most people think of VC firms in Silicon Valley, they think of Sequoia Capital. With over fifty years […]
Tag: STO
Binance’s US Dollar Backed Coin, BUSD, Surpasses $115 Million in Market Cap
Binance stablecoin, BUSD, hit the $100 million market cap on March 10 following exponential growth in the past few months. Stats show that this U.S dollar-backed crypto coin has gained significantly given it was recently at $22 million. As it stands BUSD is ranked 6th in market cap amongst stablecoins, Tether dominates this space with […]
Provenance Facilitates Securitization & Issuance of $150M in Bonds
$150 Million A group batch of loans, structured as HELOCs, have successfully been securitized and issued as bonds to investors on Provenance, by a group of enterprising companies. This process saw $150 million worth of these asset-backed loans undergo the process, entirely with the use of blockchain. Figure Technologies, who spearheaded the endeavour, believes that […]
Circle To Boost Adoption of USD Coin (USDC) With Business Accounts and API Services
As Circle looks to dive deeper into making its stablecoin (USDC) a household name, it is continuing to spin-off acquired projects that aren’t a core business. Next up on the chopping block is the crowdfunding platform SeedInvest that it bought back in October of 2018. Circle has the intention to remain focused on the development […]
Japan to See Real Estate Tokenized through New Platform
Collaborative Platform With an abundance of uninhabited homes lining rural regions of Japan, an opportunity was presented to those that looked closely. As a result, an ambitious company, by the name of LIFULL, saw this and set out on a path that would see these homes revitalized. In doing so, lucrative investing opportunities would arise, […]
Fat Burger Secured $40M via Tokenized Securities
This week, the parent company of the popular food chain Fat Burger, Fat Brands, received a $40 million capital infusion. Importantly, the company raised the funds via tokenized securities. Company officials stated that the funding event was just one of many planned for the year, with the end goal of raising a total of $500 […]
ECSE to Enter STO Pilot Program with Blockstation
Pilot Program Another securities exchange, the Eastern Caribbean Securities Exchange (ECSE), has seen the merit behind digital securities, and signed a fresh letter of intent (LOI) with Blockstation. This letter represents an upcoming pilot program, which will see Blockstation act as a service provider for the ECSE. With Blockstation touting a comprehensive tokenization platform, this […]
AZ Congressman Gosar Updates ‘Crypto-Currency Act of 2020’ Bill To Provide More Clarity
The US congressman Paul Gosar just introduced the Crypto Currency Act of 2020 that aims to bring more clarity on which regulator should cover digital assets. The bill proposal says digital assets should be divided in 3 categories: crypto commodities, crypto securities and crypto currencies. These 3 should be governed by the Commodity Futures Trading […]
Ethereum Price Crashes 13%; Co-founder Vitalik Buterin Sees ‘Increased Network Privacy’ Coming
As the Bitcoin price took a hit, so did the price of altcoins. Ethereum is down about 13% trading at $216 while managing the trading volume of $487 million on the top ten exchanges with real volume. “ETH on the daily level around $228-229. It looks very bad. Losing it and I’d be aiming for […]
KlickOwn Partners with Netfonds on New Tokenization Platform
This week, Hamburg-based tech startup KlickOwn announced the formation of a strategic partnership with the leading financial platform Netfonds AG. The maneuver is part of larger plans to launch a blockchain-based management and marketing tokenized real estate platform. The news demonstrates further tokenization in the EU market. KlickOwn Platform The updated KlickOwn tokenized real estate […]
