The highly acclaimed legal firm of Nagashima Ohno and Tsunematsu released a commentary on a proposed Japanese FSA bill this week. The bill was first proposed by the Japanese Financial Services Agency (FSA) on March 15, 2019. If passed, it would make a final distinction between security tokens and other forms of cryptocurrency. Consequently, Japanese […]
Tag: STO
Bakkt Acquires Custodial Service DACC in Likely Attempt to Receive CFTC Approval
In an announcement dated April 29th 2019, Bakkt’s COO Adam White detailed the acquisition of Digital Asset Custody Company (DACC), a custodial solution for Bitcoin and other digital assets. As regulatory approval has caused a few hurdles in Bakkt’s initial roadmap, the recent move could lead to a green light from the CFTC. Bakkt’s Regulatory […]
Understanding Societe Generale’s Security Token Bond: Banking’s Future Will Be on Ethereum
According to a new opinion piece by Michael J. Case, senior advisor for MIT’s Digital Currency Initiative, the news about Societe Generale issuing a security token bond has long-term consequences. Most importantly, it may signal to other banks that Ethereum is “the one.” The news that Societe Generale would be issuing $112M in bonds using […]
FinTech4Good Releases STO Handbook
After a successful conference in New York on April 12th, FinTech4Good has released an STO handbook which details the current security token industry. The publication is filled with information for both crypto enthusiasts and those looking to issue their own security tokens. In mid-April, FinTech4Good hosted its own NYC Security Token Forum. The event was […]
The Future Of Banking On Ethereum
In light of the $112 million bond issued by Societe Generale, Michael J. Casey, senior advisor for blockchain research at MIT’s Digital Currency Initiative, discusses the future of permissionless blockchain platforms and security token offerings in the financial services industry.
European Union’s Prospectus Regulation to Shake Up the Security Token Industry
On July 21st 2019, the European Union Prospectus Regulation will officially go into effect. The new law will be massively important for the STO sector since it outlines clear disclosure requirements for issuing and trading these tokens. A new age of STOs in Europe is coming. This summer, the European Union Prospectus Regulation will go […]
Atonomi ICO Slapped with $25 Million Lawsuit
The IoT security firm Atonomi faces a $25 million class-action lawsuit for failing to register their ICO with the SEC according to recent court documents filed in Washington State. Investors in the Atonomi platform claim that the firm misrepresented its progress and development team’s experience. Now, a Washington Court will determine the fate of these […]
Atonomi Token Faces Class Action Lawsuit for Offering an Unregistered Security
Stephen Palley, a prominent lawyer in the blockchain space, has just announced that a Federal Class Action lawsuit has been put forward against Atonomi Token. The lawsuit accuses the company of holding an unregistered security token offering. Atonomi Token held its crowd sale in mid-2018 and raised some $25M. However, now that token offering is […]
SeedInvest Wins FINRA Approval
Circle-backed startup SeedInvest has received a FINRA approval. Its Alternative Trading System (ATS) will now be able to offer ICO tokens sold as securities. Boston-based blockchain startup SeedInvest has received FINRA approval and can now offer and sell security tokens. Providing secondary market liquidity, its Alternative Trading System (ATS) will be able to legally host […]
U.S. SEC Releases Detailed Agenda of 2019 FinTech Forum on May 31st
The U.S. Securities and Exchange Commission (SEC) has provided an agenda for its upcoming 2019 FinTech Forum. Hosted in Washington, D.C. and open to the public, the forum will feature four panel discussions centering upon the integration of Distributed Ledger Technology (DLT) and the capital markets industry. The SEC’s 2019 FinTech Forum Agenda and Plans […]
