This Week in Security Tokens #8

Stefan Perlebach
Stefan Perlebach

Oct 26, 2018

🔥 Top 5 - Most important news of the week

1. Crypto companies request regulatory guidance from German lawmakers

German venture capital firms Neufund and Freigeist VC published an open letter to the Bundestag after a court ruling excluded cryptocurrency from the financial instrument category - meaning virtual trading would be outside of existing laws. The letter requests German lawmakers to take action in order to support the blockchain ecosystem in Germany by providing clear regulatory guidance. -> source

2. SEC launches Fintech Hub to streamline compliance for Blockchain Startups

„The FinHub will serve as a resource for public engagement on the SEC's FinTech-related issues and initiatives, such as distributed ledger technology“, the SEC stated in their press release. The hub shall support startups that use blockchain technology, increasing clarity and efficiency to regulatory compliance. -> source

3. Coinbase and Circle collaborate to boost Stablecoin

Coinbase and Circle are joining forces to speed up adoption of cryptocurrencies backed by actual government currencies like the U.S. dollar. Coinbase has launched the USD Coin stablecoin (USDC), making it the first stablecoin for trade on the platform. The underlying technology behind USDC was developed collaboratively between Coinbase and Circle. -> source

4. OpenFinance Network receives new investment from Sharpe

Dr James Butler, Co-founder of Sharpe Ventures commented on Sharpe's investment decision via Medium: “Sharpe Ventures aims to invest in blockchain businesses with proven market traction and a dedicated team. OpenFinance Network offers both…“ -> source

5. Mash announces EUR 50m equity round and launch of STO

Mash - a Finnish FinTech company specializing in consumer lending and pay later solutions announced the start of the pre-registration for their STO. Mash is partnering with DLA Piper, Trust and Tokeny to offer professional investors the means to participate in the current equity round using both crypto and fiat currency. -> source

🖊️ From the Blog

Issuance: How to raise capital with a STO

Darren Marble - CEO of Issuance - talks with us about:

    • challenges raising capital with a STO
    • when a STO makes sense and when it doesn't
    • how much it costs
    • and much more...

-> source

⏰ New Security Token Listings

DESICO - Lithuania Asset Class: Bond DESICO is a platform to issue and trade Security Tokens that is open to retail investors. They decided to launch their own STO, letting investors participate on their potential revenue. -> source

💡 Knowledge of the Week

5 things investors need to know about Security Tokens

Carlos Domingo - founder and CEO of Securitize (a platform for issuers seeking to tokenize assets) gives a great insight why Security Tokens matter and how they can evolve the traditional financial industry. -> source

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