Protos (PRTS)— a closed hedge fund that sold over $6.5 million during its primary issuance— is now available to trade via OpenFinance Network (OFN). As a U.S. Securities and Exchange Commission (SEC)-registered Alternative Trading System (ATS), OFN facilitates the legal trading of compliant security tokens. The Protos Tokenized Hedge Fund Explained Protos has recently become […]
Tag: STO
Makara Capital Withdraws Planned Investment from tZERO
A Long Road Ending in Disappointment In mid-2018, tZERO and GSR Capital made waves when it was divulged that the latter would be investing over $400 million into Overstock. As the pair approached hurdles over time, the amount to be invested was decreased, in addition to bringing in a third party – Makara Capital. Fast […]
Security Token Alliance Onboards IBC, ABOTMI, and Adbits
The Security Token Alliance has added three new members to its growing network of security token industry leaders. IBC, ABOTMI, and Adbits were recently added to the alliance. The Security Token Alliance has onboarded three new members to its growing alliance of industry leaders. The organization, founded in May of this year by young entrepreneur […]
Overstock Loses Investor in tZERO Days After The Departure Of Founder Patrick Byrne
Overstock interim CEO Jonathan Johnson, in an investor call on Monday with shareholders offered an update on the status of Makara Capital’s probable investment tZERO, the company’s security token exchange, Cointelegraph reports. As per the interim CEO, Makar has said that it will no longer be investing in tZERO in the near future but it […]
Despite Overstock CEO Leaving, The Company Is Still Bullish on Crypto
Don’t let last week’s departure of Overstock CEO, Patrick Byrne, fool you: the online discount giant is still long on cryptocurrencies and the promise of blockchain technology. If you don’t already know, Patrick Byrne is a vocal supporter of security tokens. In fact, Overstock.com has been actively investing in the industry, with its subsidiaries involved […]
Switzerland: No Profit Tax or VAT on Security Token Offerings
A recent ruling by tax authorities in Switzerland has clarified how Security Token Offerings (STOs) will be treated in terms of taxation. Blockstate’s recent STO was ruled to be free from both profit tax and value added tax (VAT), and subject only to security tax—the same treatment as a standard capital raise. Taxes for Security […]
Securitize Receives SEC Transfer Agent Approval
This week, the popular token issuance platform, Securitize received approval from the SEC to operate under the coveted transfer agent status. This status allows the firm to now register securities trades. While the company already took such actions via its blockchain protocol, it now operates in this capacity under the SEC blessings. These developments place […]
Titles and Designations Among Industry Participants
Those that follow developments within the digital securities sector may have come across a variety of titles/designations given to industry participants. While a select few companies have set their sights on attaining a full scope of designations, most specialize in one area or another. This necessitates a high level of cooperation among companies, as issuing […]
Barbados Stock Exchange (BSE) Associate: Demand for Security Tokens Still High
Terry Belgrave, business development associate for the international security market for the BSE, spoke to the Investing News Network (INN) about security tokens. Apparently, the demand for the tokenized financial instruments is still high in Barbados. As investors flock to nations with regulatory clarity, Barbados is trying to set itself apart. Countries like Malta, Switzerland, […]
SEC Charges ICO Rating Service for Failing to Disclose Paid Advertisements
Russian-based ICO Rating has been forced to pay $268,998 for failing to disclose that it received money from token issuers to rate their ICOs. ICO Rating has been asked by the SEC to pay a hefty pain for failing to make clear that the company was getting paid to post reviews. The ICO company promoted […]
