WhitePaper Release Nearly ten months after their initial announcement of Polymesh, Polymath has just released the inaugural whitepaper for their anticipated project. As industry players continue to establish the foundation of the digital securities sector, Polymath is doing their part. After years of developing Ethereum based solutions, the team recognized a real need for a […]
Tag: STO
Bakkt’s Consumer App Development To Get A Boost With ICE’s Acquisition Of Bridge2
It looks like Bakkt is becoming bigger and bigger, as its parent firm International Exchange (ICE) announced on Wednesday that it agreed to acquire the consumer and merchants’ loyalty solutions provider Bridge2 Solutions. Bakkt will use the funds that it’s continuing to obtain from the Series B fundraising round for acquiring Bridge2 and implementing its […]
ConsenSys to Tokenize Municipal Bonds, Acquires U.S. Broker-Dealer
On February 4th, 2020, ConsenSys announced the acquisition of Heritage Financial Systems, an SEC-registered broker-dealer. The company now plans to integrate blockchain technology with the municipal bond market, by leveraging bond-backed security token offerings in small communities across the U.S. ConsenSys Enters U.S. Security Token Market through Bonds ConsenSys is a blockchain company founded by […]
Bitgo, Crypto Custodial Service, Launches In-Platform Trading For Institutional Clients
It has been a while coming as crypto custodians look for better ways to serve clients on their platforms. With security protocols no longer a competitive advantage in the field, ease of access and management costs are taking shape as the differentiating factors across most crypto custodial services, Bitgo becomes the latest to offer trading […]
Ethereum’s ConsenSys Announces Staff Cuts By 14% While Also Acquiring Broker-Dealer
The Ethereum development studio ConsenSys is doing a major restructuring of its business and will cut staff by 14%, as it aims to raise $200 million. The Brooklyn-based company announced at a meeting with its entire staff from Tuesday that changes are about to be made. When inquired by the press about how many people […]
Sony Enters Security Token Industry with Investment in Securitize
On February 3rd, 2020, digital securities platform Securitize announced an investment from Sony Financial Ventures. Sony has now joined a notable list of firms backing Securitize, including Coinbase, Ripple, Blockchain Capital, Santandar Bank, MUFG, and SBI Holdings. Sony’s Entrance in the Security Token Space Explained Securitize is a technology provider for the issuance and management […]
Mastercard CEO Explains Why His Firm Left Libra
On February 3rd, 2020, Mastercard CEO Ajay Banga detailed precisely why Mastercard left Libra. Ultimately, concerns over compliance, revenue generation, and a lack of decentralization led Mastercard to abandon Libra. Why Did Mastercard Drop Out of Libra? Ajay Banga has served as Mastercard’s CEO since 2010. In June of 2019 — the same month Facebook […]
iSTOX Graduates from MAS Regulatory Sandbox
This week, the tokenized securities trading platform iSTOX achieved a monumental milestone after the Monetary Authority of Singapore (MAS) granted the firm permission to begin operations. The news symbolizes a further maturing of the Asian blockchain market, as well as, the official entrance of a major player in the region. iSTOX receiving the go-ahead from […]
Academic Researchers: Utility Tokens are Securities Under EU Law
On February 3rd, 2020, a group of academic researchers revealed their findings concerning the distinction between utility tokens and other forms of digital assets. Ultimately, their research suggests the majority of utility tokens constitute ‘tradable securities’ under existing European Union (EU) law. What’s the Legal Classification of Utility Tokens in Europe? A group of academic […]
Researchers from Oxford University Faculty of Law blog Want All Tokens Regulated
A group of researchers from the Oxford University Faculty of Law blog shocked the cryptocommunity this week after putting forth a research paper that lists reasons why the EU should regulate all cryptocurrencies the same. Specifically, the paper focuses on the increased difficulty surrounding making consistent distinctions between utility and security tokens. Also known as […]
