The cryptocurrency and security token exchange company INX Ltd. wants to launch in April an $130 million initial public offering (IPO). The IPO will be the largest securities sale registered by a blockchain-based company. The launch will include presentations to potential investors. The presentations were initially expected to begin in January, but INX hired an […]
Tag: STO
What are Digital Assets?
The definition of a digital asset is “anything that exists in binary data which is self-contained, uniquely identifiable, and has a value or ability to use.” When the term originated in the mid-90s, digital assets where items such as videos, images, audio, and documentation. Since then, technological advances have given the term new life. Enter […]
BitGo Rolls Out Lending Services to Institutional Investors; 15 Digital Assets Supported
One of the oldest and largest digital assets custodians, BitGo, has decided to start lending out Bitcoin (BTC) and other cryptocurrencies to big investors. The announcement was made on Thursday. BitGo was founded in 2013 by Mike Belshe, its current CEO. The lending service started being tested a few months back, already racking up around […]
Why EU blacklisting the Cayman Islands matters for the STO industry – Thought Leaders
On February 18th the European Union added the Cayman Islands to its tax haven blacklist. While this has not made the news in the security token industry, it has had major implications. Due to AML4 and AML5 from FATF, regulators are focusing more resources on beneficial ownership, tax transparency, and enforcement. For companies raising capital, […]
Brooklyn Nets Star Spencer Dinwiddie Hires A Broker-Dealer After Initial Launch Failure
National Basketball Association (NBA) star Spencer Dinwiddie has now tapped a broker-dealer in his initiative to tokenize professional athletes’ value. The basketball star said that an investment bank is best suited in managing a forthcoming token offering, CoinDesk reports. Through Dream Fan Shares (DFS), Dinwiddie stated that Tritaurian Capital, a FINRA registered investment bank that […]
CSA Seeks Input on Proposed National Instrument 45-110
In an attempt to spur innovation in the security token offering (STO) sector, the Canadian Securities Administrators (CSA) released a public request for comment regarding proposed changes to the country’s securities laws – Proposed National Instrument 45-110. The changes would provide companies access to more capital and, raise the maximum investor amount under the exemption. […]
Marko Hafez, President & CEO of BlockStation – Interview Series
Marko is a serial entrepreneur and innovator who started his first company at the age of 19 and never looked back. His passion for blockchain technology and the transformative potential of tokenization for financial instruments led him to co-found Blockstation. You were an early believer in digital securities, having launched BlockStation in 2014. What was […]
Huobi Collabs With Nervos On Blockchain Framework Testnet For DeFi Applications
Huobi announced on Feb 28th the launch of its blockchain beta testnet as part of an expansion plan to tap into the decentralized finance (DeFi) market. Huobi Chain, the blockchain network designed for this, runs as an open-source where participants can leverage the platform’s features to get financial services attributed to digital assets. The Singapore-registered […]
Increased Safeguards Is Needed For Crypto Growth As Nearly $10B Has Been Stolen: KPMG
Almost $10 Billion in Crypto Stolen by Hackers Since 2017 KPMG says the crypto market needs to improve security when it comes to digital assets, seeing the industry is currently valued at $245 billion and growing. Ever since 2017, hackers have stolen over $9.8 billion in digital assets due to poorly written code or lax […]
A Month in Review – February 2020
Now that we are firmly entrenched in 2020, we are beginning to see companies follow through on their plans for the new year. The month of February brought us news of various high-profile acquisitions, in addition to developments pertaining to, both, Facebook and the U.S. Presidential race. This edition of ‘The Digital’ looks to shed […]
