A Wyoming company that was founded by Wall Street and blockchain legislative champion Caitlin Long is applying for a banking state division special purpose depository institution (SPDI) approval. Caitlin Long announced on Monday that the bank is going to be called Avanti. It will focus only on providing digital assets regulated services. Formed on January […]
Tag: STO
VALK and SECUROSYS Partner on CORDA Blockchain
This month, the blockchain infrastructure provider, VALK announced a strategic partnership with SECUROSYS. The collaboration brings unlisted assets to the Corda blockchain. Now, VALK is ready to provide enterprise-level tokenization to the market. The news demonstrates a maturing of the Corda blockchain, as well as, a more competitive security token arena. VALK’s latest project represents […]
A Look at the Ravencoin Token Issuance Blockchain
The next-generation blockchain platform, Ravencoin continues to gain momentum in the marketplace. The blockchain represents a shift from traditional chains over to a more security token-centric approach. As such, Ravencoin provides a compliant enterprise-grade security token issuance solution for firms seeking more out of their blockchain. Ravencoin The Ravencoin blockchain is an open-source protocol that […]
Crypto Exchange, TradeSatoshi, Shuts Down Operations Raising Questions Of An Exit Scam
U.K based crypto exchange, TradeSatoshi, is shutting down its operations urging users on the platform to withdraw their coins before March 1. However, users are complaining of difficulties in withdrawing their coins raising questions of a scam. TradeSatoshi shuts down operations An official announcement on TradeSatoshi’s website confirms the exchange will be closing down stating […]
Paxos, Credit Suisse Facilitate First US Equities Settlement on Blockchain
On February 20th, 2020, Paxos announced the operational launch of a new service: Paxos Settlement Service. In collaboration with Switzerland-based Credit Suisse and Nomura-owned broker-dealer Instinet, the first U.S.-listed equities have been settled using blockchain technology. Paxos Settlement Service Explained In late 2019, the U.S. SEC granted Paxos a no-action letter allowing the company to […]
StartEngine Makes Inc Top 10 California Companies List
This week, StartEngine CrowdFunding raised eyebrows across the entire blockchain sector after making the 2020 Inc. 5000 Series. The list shows the top 10 fastest growing companies in California over a two year period. The firm secured the tenth spot after showing a two-year growth of 1,418%. Consequently, this news demonstrates how fast the blockchain […]
Bloomberg Release Financial Plan – Includes Crypto Regulations
This week, US Presidential candidate, Michael Bloomberg released his financial plan. Importantly, the plan includes a push for a robust regulatory framework to support STO development. Bloomberg believes only a clear regulatory framework can provide an environment to drive innovation in the space. The news showcases how blockchain crowdfunding is now a major issue in […]
Libra Sees E-Commerce Giant, Shopify, Join The Ranks
Regrouping After months of seeing companies distance themselves from Facebook and their subsidiary, Calibra, it would appear as though the endeavour is attracting new backers. Today, the industry was greeted with news that e-commerce giant, Shopify, has decided to join the Libra Association; A move which may mark the return of other high-profile companies into […]
MERJ and OpenFinance Expand on Asset Listings
Liquidity for All The promise of digital securities becoming liquid assets is a wonderful thing. There is a major issue plaguing the sector to date, though – a lack of listings on secondary markets providing a home for these tokens. While progress may seem slow to some, this is changing. This past week has brought […]
Crypto Needs Central Banks’ Pegged Fiat Currency to be Stable: Former ECB Benoit Coeure
Benoit Coeure, current head of Innovation Hub at the Bank of International Settlements (BIS), has today said in an interview with CNBC he is confident central banks partly hold the future of cryptocurrencies. The French Economist and a former executive board member at ECB was keen to highlight a that practical approach by regulators would […]
