The wait is over for non-accredited investors… In Q2 2019, the required holding periods for two digital securities will expire on the OpenFinance Network. OpenFinance was the first regulated platform for secondary trading of security tokens in the U.S. But only accredited investors have been able to participate in STOs, per U.S. regulators. Until now...Read Now
Security tokens are a multitrillion-dollar industry in the making. They offer the benefits of a blockchain-based asset… but with the security improvements crypto investors have been waiting for. Like stocks, they’ll be subject to securities regulations—offering investors more liquidity and transparency.
Below, you’ll find curated news on the most exciting developments in this sector... as well as articles to help you unravel the complex technology behind digital assets.
As you’ll see, the possibilities for this technology are endless...
Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing … The Switzerland move was done with no fanfare such as company press releases or blog posts. This seems to be the way Facebook has chosen to roll out its Project Libra. It’s keeping close to the chest even where the project will be launched...Read Now
Some of the world’s biggest banks are said to be investing around $50 million to build a blockchain-based digital cash settlement system. A Reuters report on Friday, citing “people familiar with the plans,” said possibly a dozen unspecified banks are involved in the project. The participating banks will reportedly be setting up a new entity called Fnality for the project, which could launch next year.Read Now
Financial institutions and exchanges from all over the world are preparing for all types of assets to be tokenized… including Switzerland’s premier stock exchange, SIX. The new opportunities for investors will be mind boggling...Read Now
Securitize is partnering with one of the blockchain industry’s largest security token exchange companies as it open-sources the code behind its in-house protocol. Developers will be able to create dApps on top of the protocol, creating new opportunities for the market. Securitize co-founder and CEO Carlos Domingo said he believes the technology created by his team has “proven itself in the marketplace.”Read Now
The SEC’s role should be to guide innovation, not stifle it. Pierce voiced her concern over the SEC’s lack of meaningful action in the crypto space—and whether this will ultimately come back to haunt it. She asserted that the SEC is paralyzed with indecision, and this could hurt the cryptocurrency space in the long run.Read Now
As part of a plan to digitize assets, Switzerland's stock exchange may issue its own tokens. Top executive Thomas Zeeb says tokens may eventually replace stocks and bonds. He discusses the role cryptocurrencies play… and what hurdles may have to be overcome along the way.Read Now
$7 trillion investment firm Fidelity will reportedly roll out bitcoin trading for institutional clients in the coming weeks, according to Bloomberg. Citing a source who asked to remain anonymous, the publication revealed Fidelity’s cryptocurrency-focused spin-off, Fidelity Digital Assets, would be adding to the existing range of services. The source said the trading side will go live for Fidelity’s users in as little as a few weeks and will primarily target large-volume traders.Read Now
The U.S. Commodity Futures Trading Commission (CFTC) is willing to approve an ether futures contract, a senior official has told CoinDesk. The CFTC, which oversees derivatives markets in the U.S., has already allowed bitcoin futures markets to launch. Now the regulator is willing to oversee a similar product for ether, currently the world’s second-largest cryptocurrency by market cap.Read Now
The currency.com platform allows for global investors to use BTC and ETH to actively trade over 150 instruments, including securities, commodities, indices, and shares. This number is expected to grow to 4,000 as development continues. The platform can be accessed in a variety of ways, ranging from web based clients to both IOS and Android apps.Read Now
In 2018, blockchain-based IoT security protocol Atonomi made headlines after securing $25 million in funding via an ICO. Since that time, the project has seen little development and the value of its token has dropped by 99%. Atonomi’s failure to register with the local authorities, combined with the lack of transparency regarding development, could result in a huge downfall for the firm.Read Now
Utility tokens versus security tokens: what’s the difference? According to Polymath’s chief product officer Thomas Borrel, the future lies with security tokens because they make the most sense as a financial instrument. And tokenizing equity is just the tip of the iceberg.Read Now