This Week in Security Tokens #7

Stefan Perlebach
Stefan Perlebach

Oct 19, 2018

🔥 Top 5 - Most important news of the week

1. SEC expands Crackdown on ICOs

According to a joint investigation by Yahoo Finance and Decrypt Media, the SEC has expanded its crackdown on ICOs. It is reported that hundreds of projects that conducted an ICO have eventually found that they had violated securities laws despite their endeavors to comply with regulations. In response to SEC pressure, dozens of firms have reportedly “quietly agreed” to refund investors’ money and pay fines, rather than attempt to reach a legal compliance. -> source

2. Nasdaq to build its own Security Token platform!?

According to crypto newsmagazine The Block, Nasdaq - the second-largest stock exchange in the world - is considering to launch its own Security Token platform. -> source

3. tZERO issues preferred tZERO Security Tokens

Overstock.com’s blockchain based crypto platform tZERO announced that it had completed the issuance of the preferred tZERO Security Tokens. The company managed to get over $134 million during the STO from over 1000 investors globally. -> source

4. Investment Giant Fidelity launches „Digital Assets Services“

Fidelity Investments - fourth largest asset manager with $7.2 trillion in assets under administration - announced the launch of a new company, Fidelity Digital Asset Services. This new entity will focus on providing a secure, compliant, and institutional-grade omnibus storage solution for bitcoin, ether and other digital assets -> source

5. KoreConX partners up with Evoke Capital

KoreConX announced this week that Evoke Capital will become part of the KorePartners ecosystem. Evoke Capital is an online platform with broker-dealers in different jurisdictions to help companies raise capital and will be exclusively using the KoreConX Security Token protocol „KoreToken“. -> source

🖊️ From the Blog

DESICO: How to issue and trade Security Tokens in the EU

Laimonas Noreika - CEO of Desico - talks with us about his mission to build an issuance and trading platform for Security Tokens under EU member state law. -> source

⏰ New Security Token Listings

Netzcoin - Sweden Asset Class: Stock Renewable Energy Asset Backed Token. NETZ invests in and develops Green Energy Power Plants within Waste to Energy and Aquaculture with underlying collateral and highly profitable Renewable Energy Assets. -> source

đź’ˇ Knowledge of the Week

Debunking 5 Security Token Myths

Crypto-backed loan project Nexo published a blog post covering 5 myths circulating around Security Tokens. Furthermore, Nexo clarifies what substantial advantages they offer to investors. -> source

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