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American crowdfunding portal SeriesOne partnered with Polymath to enhance raising capital via its security token protocol. United States-based crowdfunding platform SeriesOne has partnered with security token protocol platform Polymath, according to a press release published on March 19. The new partnership intends to create a digital securities offering ecosystem via the SeriesOne platform. According to the press release, the partnership between SeriesOne and Polymath will let token issuers create and manage regulatory-compliant security tokens from the initial offering stage to trading on a secondary exchange. SeriesOne CEO Michael Mildenberger expressed confidence that Polymath’s security token protocol, ST-20, is set to improve the process of raising capital on the platform. Polymath’s ST-20 protocol is a token standard that is designed specifically for issuing and managing security tokens. ST-20 represents an extension of the Ethereum (ETH) blockchain-based ERC-20 protocol. Un..
The platform should go live March 26, Huobi executives say, and will be available for both major and private investors. Singapore-based cryptocurrency exchange Huobi Global is launching a dedicated platform for pre-release token sales, the company confirmed in a blog post on March 20. The platform, dubbed Huobi Prime, aims to give participating investors access to new altcoin tokens before they appear on major exchanges. Prospective projects will go through a vetting procedure, with successful applicants offering tokens to investors via three 30-minute flash sales, the blog post outlines. Huobi Prime is geared to both large and small investors, with individuals subject to a maximum $1,000 investment cap. The cap will be applied in terms of the native Huobi Token (HT), which will be the sole trading partner for new tokens on offer. “We’ve designed it from the ground up to be a more innovative, direct, and responsive way to access up and coming new tokens,” CEO Leon Li commented in the ..
BitGo clients will be able to hold their BCAP assets using qualified and regulated custody service BitGo Trust Company. Blockchain security firm and wallet service BitGo has announced support for Blockchain Capital’s ERC-20 token, according to a press release shared with Cointelegraph on March 19. Blockchain Capital’s BCAP token is a security token based on the Ethereum (ETH) blockchain that was launched in a $10 million initial coin offering (ICO) back in April 2017. BCAP represents an indirect economic interest to the limited partnership interest in the tokenized investment fund, and is the world’s first security token that was sold in an ICO. According to the recent BitGo announcement, BitGo users will now be able to hold their BCAP assets using BitGo Trust Company, a qualified and regulated custodian that provides compliant custody for security tokens. As a part of the announcement, BitGo has also introduced its multi-signature wallet security. Ben Chan, BitGo’s chief technology o..
Insurance Giant AXA XL partnered with insurance technology startup Assurely to jointly launch a new insurance product covering equity crowdfunding and security token offerings. Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs), according to a press release published on March 6. The new product dubbed CrowdProtector is designed for issuers and investors, and purportedly protects new online capital formation strategies like equity crowdfunding and STOs. The product also aims increase trust, confidence and safety to potential investors guaranteeing that the issuer is insured. According to Ty Sagalow, CEO of Assurely, the parties have managed to increase underwriting. The releases states: “CrowdProtector provides Issuers protection against investor complaints and lawsuits as well as serve as a communication to investors that they may get their principal investment ..
Vitalik Buterin says that blockchain applications outside of finance face more difficulty gaining traction. Ethereum (ETH) co-founder Vitalik Buterin says that blockchain applications outside of finance face more difficulty gaining traction, as the primary added value they offer is decentralization. Buterin made his remarks during a speech at crypto event Token 2049 in Hong Kong on March 13. Buterin began by noting that finance is “realistically the first blockchain [application] that will probably achieve wide scale adoption,” and that even though he is a self-declared huge fan of other applications: “The problem is that decentralization is basically their value add. With finance you’re competing with banks that take five days to do something interesting. With anything that’s not financial, chances are there is some internet thing that does what you want, that’s just centralized. So it’s a bit of a harder pitch.” As examples of areas where blockchain can catch on beyond finance, Vita..
DX.Exchange is claiming an industry first with its launch of security token trading and security token offering listings. Estonia-based Nasdaq-powered digital trading platform DX.Exchange is claiming an industry first with its launch of security token trading and security token offering (STO) listings. The development was shared with Cointelegraph in a press release on March 14. As previously reported, DX.Exchange went live in January, with support for various fiat and cryptocurrency trading pairs and tokenized stocks. In March, the platform added tokenized exchange-traded funds (ETFs) to its supported products. According to the press release, the platform now allows investors to purchase security tokens using both fiat and major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and Ripple (XRP). Following this latest development, DX Group will also reportedly restructure into a new entity called DXtech Exchange. Security token trading represents the latest offerin..
PwC's global consulting subsidiary Strategy& has published an ICO and STO report in collaboration with Swiss Crypto Valley. Security token offerings (STO) are becoming more popular, relative to initial coin offerings (ICO), according to a new report by Big Four firm PwC's global consulting subsidiary Strategy&. Released on March 8, the firm’s forth ICO and STO report was developed in collaboration with the Swiss Crypto Valley Association. According to the joint report, STOs “are not fundamentally different from ICOs.” The document states that STOs are “a more mature and regulated form” of fundraising, noting — given the definition of a security — that the tokens sold in an STO can provide investors with various financial rights. STOs, the report claims, also combine a number of ICO features, such as low entry barriers for investors, as well as traditional venture capital and private equity fundraising characteristics, such as Know Your Customer (KYC) and Anti-money launder..
To help fight crypto scams Blockchain Asset Recovery firm PrudenSolve joins Coinfirm’s AMLT Token Network One of the first companies focused on the recovery of blockchain assets, PrudenSolve has been helping address a serious issue in the cryptocurrency space as seen recently with the Quadriga controversy among others. The problem though affects countless individuals and companies and stands as one of the key issues related to the lack of widespread adoption of cryptocurrencies. For many a lack of knowledge and skills on the part of the user, as well as irregularities lying on the technological side stand as the reasons for the loss of access to funds. With that said a very large number of reports PrudenSolve receives is related to nefarious activities that are extremely difficult to solve due to their specificity and the circumstances in which they occur. “The partnership with Coinfirm’s AMLT Network allows us to effectively share information about fraud and related activities in a w..
Asia Crypto Week is a week of various independently organized educational and developer-focused events that aim to nurture mass adoption by providing first-hand information about the industry. Blockchain enthusiasts and industry veterans will come to Hong Kong to share their knowledge and stories during Asia Crypto Week, providing exceptional insights into the ever-larger growing ecosystem. TOKEN2049, which will be held in Hong Kong on 13-14 March 2019, is the flagship event of Asia Crypto Week. TOKEN2049 will investigate the blockchain industry’s journey thus far, overcoming major roadblocks from scalability to regulation and the current state of affairs on the road to mainstream adoption while educating entrepreneurs, innovators, and investors on what to expect in future years. With its sold-out 2018 event featuring Charles Hoskinson of Cardano, Bitcoin Oracle Vinny Lingham, and a special appearance from AI robot, Sophia, the upcoming conference is expected to double in size with an ..
Dubai-based real estate giant Emaar will launch an ERC-20 token developed by Swiss blockchain startup Lykke. Dubai-based real estate giant Emaar has announced plans to launch a token and is considering holding an initial coin offering (ICO) in Europe, English-language local media Arabian Business reports on March 11. Per the article, the token will be developed by Swiss blockchain startup Lykke, and will grant Emaar’s customers and stakeholders access to the referral and loyalty system across the entire company. Emaar is the largest real estate company in the United Arab Emirates (UAE), responsible for the Burj Khalifa, Dubai Fountain, Dubai Mall and Dubai Opera. According to its Wikipedia page, Emaar Properties boasts a revenue of $5.83 billion and has been valued at $9.7 billion as of June last year. Moreover, according to Arabian Business, Emaar’s revenue grew by 37 percent last year to $7 billion. The article further notes that Emaar will also consider holding an ICO in Europe wit..