A senior Economist at U.K’s central bank has published a working paper on how speculation affects the value of digital currencies. Peter Zimmerman, a BoE economist, highlighted that crypto coin users are mostly speculative making it hard to realize the transactional value of digital assets like Bitcoin. According to the paper, a speculative approach to […]
Tag: STO
Australian Securities Exchange (ASX) Prepares Blockchain Clearing System Launch
This week, executives from the Australian Securities Exchange ASX made some encouraging statements regarding the firm’s shift towards blockchain technology. The company has spent several years contemplating how to best upgrade its current outdated clearing and settlement system – CHESS. Now, thanks to a team of ingenuitive developers, the entire Australian securities market will now […]
BTG Pactual SA Shows 42% Profit Increase After STO Initiative
This week, the Brazilian-based Banco BTG Pactual SA revealed its Q4 earnings from 2019. Considered as one of the most pro-crypto institutions on the continent, analysts were eager to see the bank’s profits. Last year, the bank instituted multiple blockchain strategies including the launch of several STOs. Impressively, Banco BTG Pactual SA showed a net […]
Bank of Russia Looks to Retcon Regulations Surrounding Digital Assets
Successful Completion A pilot program, sanctioned by the Bank of Russia, was developed, and recently completed, by Russian mining industry giant, Nornickel. This pilot, which took place within the bank’s regulatory sandbox was structured as a means to test the veracity of the benefits surrounding digital assets, and the potential role they can play in […]
Custodial Specialists ‘Copper’ Draws $8M in Investments through Series A
Custodial specialist, Copper, has recently announced the successful completion of their Series A round of funding. The team at Copper has indicated that the funds raised during this event will be put to use in two key areas. Global expansion Specifically North America and Asia Product development Investment options targets towards institutional clients The Details […]
Central Bank of Russia Proposes Amendments To Legal Framework for Tokenization
The proposed cryptocurrency legislation in Russia could change a lot, now that a new bill for tokenization has been filed. On February 17, the Central Bank of Russia (CBR) has made the announcement that it has completed a blockchain tokenization pilot program. Furthermore, the bank proposed that the digital assets law in Russia to be […]
Smartlands Begins Realignment with Eyes on Liechtenstein Blockchain Act
A Diverse Framework Like any forward thinking company, tokenization platform, Smartlands, is in a constant state of growth. This means pivoting with developments seen in the digital securities sector, in an effort to continue providing their clientele with the best experience possible. With this in mind, the team at Smartlands recently announced that they would […]
IOHK Grants University of Wyoming $500K in ADA Tokens to Launch a Cardano Blockchain Research Lab
Cardano’s parent company, the IOHK, has funded $500K worth of ADA tokens to Wyoming University. This will be allocated to the establishment of a new research lab focusing on blockchain development for industry applications. IOHK plans to capitalize on this position by scaling its academic print in blockchain tech engineering. The firm has previously invested […]
Circle Looks to Sell Broker-Dealer SeedInvest, Focus on Stablecoin
As of February 12th, 2020, Circle is reportedly looking to sell SeedInvest. The firm acquired the crowdfunding platform in late 2018 in what seemed to be an entrance into the security token industry. The company’s plans have now changed to focus on stablecoin developments and a banking platform-as-a-service. Circle Looking to Sell SeedInvest Explained Based […]
Flyt Property Brings First Tokenized Real Estate STO to Africa
This week marks another important milestone within the international security token sector as the African-based tokenization platform, Flyt Property announced plans to host the first-ever Tokenized Real Estate STO on the continent. The news demonstrates an acceleration in the adoption of tokenization across the global real estate market. Additionally, it symbolizes a major advancement for […]
