No Tax. No Vat. BlockState, a Swiss digital securities issuance platform, has recently closed their very own STO. Upon doing so, multiple questions were raised with regard to how capital, brought in during this event, would be taxed. The STO hosted by BlockState represented the first of its kind in the region, making the young […]
Tag: STO
Report: European STOs Have a 17% Success Rate
According to a new report by Fintelum, security token offerings in Europe have a 17% success rate. STOs issued in Switzerland have had the most success. A new report regarding European STOs is a mix of good and bad news. The document surveyed that around 17% of STOs in Europe have been successes; 34% are […]
Black Manta Capital Receives BaFin Approval to Launch Security Token Offering Service in Germany
As of August 19th 2019, Black Manta Capital Partners announced that its Berlin-based operating entity— BMCP GmbH— has received regulatory approval to launch a Security Token Offering (STO) service. The approval comes from the German Financial Markets Authority (BaFin), which has approved several STOs so far in 2019. Black Manta Capital to Launch STO Service […]
Prime Trust to Utilize Various Services Provided by Vertalo
On-Chain Cap Table Building off of a relationship first established in 2018, Prime Trust and Vertalo have announced new growth in this partnership. This development will see Prime Trust utilize, and benefit, from services provided by Vertalo, including cap-table management. For a company to be successful, it is of great importance to have a thorough […]
Securitize is Now an SEC-Registered Transfer Agent, Will Record Transfers for Free
Securitize recently announced their success in becoming a U.S. Securities and Exchange Commission (SEC) registered transfer agent. The approval enables the firm to legally track the ownership changes of securities, which typically costs around $150 per transfer. Securitize says they’ll do it for free. The Impact of Securitize Becoming an SEC-Registered Transfer Agent Securitize is […]
RISE Secures Broker-Dealer in Entoro Capital
Brought to you by… RISE Wealth Technologies has announced that they have secured a broker-dealer for their currently live security token offering. This role has been filled by Entoro Capital, and will see them provide their services immediately. In their current STO, RISE has set out with a goal of raising $120 million in funding. […]
World Bank Raises $33.8 Million via Tokenized Bonds
The World Bank recently completed the second round of its blockchain-based crowdfunding campaign. This go-around, the firm secured $33.8 million from a variety of investors. The news showcases the rising involvement of major financial institutions in the space. In a recent interview, the funding head at the World Bank, Andrea Dore discussed the monumental progress […]
World Bank Has Now Issued $108 Million Worth of Blockchain Bonds
As of mid-August 2019, the World Bank announced a second iteration of its blockchain bond issuance, bringing the total amount issued to $108 million (USD). The bonds have been created and managed through the use of blockchain technology, which will soon be used in the areas of settlement, custody, and regulatory compliance. The World Bank’s […]
Cryptocurrency Trading Platform ‘INX” Plans to Raise $130M with Security Token IPO
A new cryptocurrency trading platform plans to host a $130M security token IPO registered with the SEC. In a surprising development, INX plans to sell its own security tokens which will be registered with the SEC. The trading platform filed a draft prospectus with the SEC on Monday to sell 130M INX tokens built on […]
Ravencoin Added to tZERO Crypto App Since the Two “Philosophically Align”
On August 20th 2019, tZERO announced the third digital asset which will be available through its mobile Crypto App: Ravencoin. In addition to supporting its own RVN cryptocurrency, the Ravencoin platform was designed to support a variety of user-defined assets such as security tokens, digital collectibles, utility tokens, gift cards, fiat currency, and others. Ravencoin […]
